|
|
|
It’s easy and secure. If you are thinking of purchasing a property or refinancing, you have come to the right place. Our objective is to give the best and the honest quotes to our clients and establish a life long relationship. You will not find any surprises at the closing of escrow. Our today’s honesty and caring service will help us to achieve a life long customer relationship with you.
Click Here Apply
Now
(No obligation, no application fee.)
If we do your loan we will refund your appraisal fee.
|
How Much Can You Afford?
|
|
|
 |
Our calculators will help you determine loan amounts, mortgage qualification, affordability or whether you should be renting or buying.
Complete the fields below and click Calculate Now. To view the results of each calculation, click on the various tabs. To email yourself a copy of the results, click the Receive this Detailed Analysis link.
|
|
|
|
|
|
Required
|
Optional
|
Results
|
Receive this Detailed Analysis
|
|
|
|
Your Monthly Payments
|
| |
| Loan Amount: |
|
|
|
| Loan Insurance (
%): |
|
|
|
| Total Loan(Mortgage) Amount: |
|
|
|
| |
|
|
|
| Principal & Interest: |
|
|
|
| Homeowners Insurance: |
|
|
|
| Property Taxes: |
|
|
|
| Condo Fees: |
|
|
|
| Monthly Loan Insurance (%): |
|
|
|
| Total Monthly Payment: |
|
|
|
| |
| Income Needed to Qualify for the Mortgage |
| |
| Total Monthly Loan Payment: |
|
|
| Total Monthly Debt Payment: |
|
|
| Monthly Loan Insurance (%): |
|
|
| Qualifying Income of
% GDS Ratio: |
|
|
| Qualifying Income of % TDS Ratio: |
|
|
| |
| What You Can Afford |
| We are using the % ratio.
|
| Cost of House: |
|
|
| Down Payment: |
|
|
| Loan Value: |
|
|
| Monthly Principal & Interest: |
|
|
| Monthly Insurance: |
|
|
| Monthly Property Tax: |
|
|
| Monthly Condo Fees: |
|
|
| |
| Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate) |
|
|
|
|
When starting to look for a house or investment property, it is important to know the price one can afford. One factor to keep in mind is to consider Conforming vs Jumbo Loan. Rates for Jumbo Loan are much higher than the Conforming. One can get a Conforming Loan that is 80% of Purchase price and arrange for 20% second loan or a cash or a part of it cash and rest of it second financing depending upon the FICO score and type of program.
|
Type of Property
|
Conforming Loan Limit
|
Add 20% Down in Any Form
|
Purchase Price
|
| Single Family Home |
$417,000 |
$104,250 |
$521,250 |
| Duplex |
$533,850 |
$133,462.5 |
$667,312.5 |
| Triplex |
$645,300 |
$161,325 |
$806,626 |
| Fourplex |
$801,950 |
$200,487.5 |
$1,002,437.5 |
|
|
|
Keep in tune with the financial markets.
|
|
Mortgage refinances, new purchase or home equity loans we have all of these. You will not face any hidden fees and or any surprises at the closing of your loan.
Our goal is to give our customers the best possible rate in the market.
Free Appraisal
Contact us today, and we will refund your appraisal fee at the closing of the escrow.
|
|
|