Mandeville and Covington real estate and homes for sale in Louisiana - Stevie Mack, REALTOR® Stevie Mack REALTOR(r) for Mandeville and Covington, Louisiana real estate - NUMBER1EXPERT™ Stevie Mack NUMBER1EXPERT(tm) for Mandeville and Covington, Louisiana real estate
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Mortgage Calculators: Mandeville and Covington Louisiana home buying, real estate listings, and homes for sale in St. Tammany                    County, LA
Welcome > Resources > Mortgage Calculators > Your Maximum Mortgage ...


The Best Mortgage Calculators On the Web!
 

Please try my Java loan and mortgage calculators. They take a minute to load, but they are worth it! Each calculator has dynamic graphs and charts that change - right before your eyes - as you enter different information. Each financial calculator also includes a View Report option. The mortgage repayment schedule and other reports are fully customizable. These reports are designed for you to print out and keep...
 

What's Your Maximum Mortgage?

What is your maximum mortgage? That largely depends on your income and current monthly debt payments. This calculator collects these important variables and determines your maximum monthly housing payment and the resulting mortgage amount.

This Financial Calculator requires a Browser with Java Support



Definitions

Monthly income
Total monthly income from all sources. All income should be entered before taxes.

Monthly housing expenses
Your monthly houses expenses from the housing expenses worksheet. The items entered as housing expenses make up the taxes and insurance portion of your monthly PITI payment.

Monthly liabilities
Your monthly liabilities from the liabilities worksheet. Your monthly liabilities are used to calculate your maximum PITI.

Monthly housing payment (PITI)
This is your total Principal, Interest, Tax and Insurance (PITI) payment per month. This includes your principal, interest, real estate taxes, hazard insurance, association dues or fees and principal mortgage insurance (PMI). Maximum monthly payment (PITI) is calculated by taking the lower of these two calculations:

  1. Monthly Income X 28% = monthly PITI
  2. Monthly Income X 36% - Other loan payments = monthly PITI

Maximum principal and interest (PI)
This is your maximum monthly principal and interest payment. It is calculated by subtracting your monthly taxes and insurance from your monthly PITI payment. This calculator uses your maximum PI payment to determine the mortgage amount that you could qualify for.

Start interest rates at
The current interest rate you could receive on your mortgage. This is used as the starting point for displaying a range of interest rates and the resulting mortgage amount.

Term in years
The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.

The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.




Stevie Mack, REALTOR®, real estate agent and broker for Mandeville and Covington Louisiana home listings, property and land for sale - NUMBER1EXPERT(tm)

Stevie Mack
ERA Stirling Properties

1321 W. Causeway Approach
Mandeville, LA. 70471
Main Phone: 985-630-1934
985-630-9101
Fax: 985-626-4112
Email: StevieMack@stirlingprop.com

WATERFRONT & LUXURY PROPERTY SPECIALIST Stevie's tremendous success in residential real estate is the result of a true enthusiam and caring for people and their needs. The results are impressive for this professional. ** Over 20 years as a top realtor ** More than $100 Million sold over the last decade ** #1 ERA Stirling Residential Agent 4 years running ** Top 1% producers in St. Tammany Her personalized style has resulted in many clients becoming lifelong friends and an impressive list of repeat and referral clients. As a northshore native, Stevie's knowledge of the homes and communities of this area is unparalleled. This includes a specialized knowledge of WATERFRONT and ESTATE PROPERTIES. ERA ® is a licensed trademark of ERA Franchise Systems. An Equal Opportunity Company. Equal Housing Opportunity. Each office is independently owned and operated. All information is subject to verification and is not guaranteed. ERA Stirling Properties, Inc. is a licensed real estate brokerage firm in Louisiana ERA Stirling Properties, Inc., 1321 W. Causeway Approach, Mandeville, LA 70471, USA Main 985-626-5687, era@erastirling.com


ERA Stirling Properties real estate and homes for sale in Mandeville and Covington Louisiana

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