Mortgage calculators

Mortgage calculators


Mortgage

Enter incomings/outgoings

Loan term in years
Interest rate in percentage (%)
Property Value*
Percentage
Down Payment
Amount of the loan *

Mortgage Information

Your estimated monthly principal and interest payment is
Check our availabilities for properties

Calculator Notes

1- Your estimated monthly principal and interest payment is calculated by multiplying monthly payments loan amount with (monthly payment interest value and dividing with monthly payments loan term value)

Rent vs Buying

Enter incomings/outgoings

Loan interest rate in %
Expected property price *
Expected loan amount *
Yearly property appreciation
Planned years to live in home

What will it cost?

Based on the information you provided, the following represents your costs and savings over the next 30 years.

Estimated costs of renting
Estimated gross costs of buying: (includes in closing costs)
Estimated amount in increased equity
Estimated net costs of buying
Estimated total savings: (not including investment related savings)
Estimated investment related savings

Calculator Notes

1- The estimated cost of renting is calculated depending on the current monthly rent and planned years to live in home.

2- The estimated gross costs of buying: (includes (i.e. 764) in closing costs) is calculated by summing up interest paid, principal paid, closing cost and years to own.

3- The estimated amount in increased equity is calculated by summing up sales price, total appreciation, total principal paid and subtracting loan amount.

4- The estimated net cost of buying is calculated by the difference between estimated gross cost of buying and estimated amount in increased equity.

5- The estimated total savings: (not including investment related savings)is calculated by subtracting the renting cost from ownership cost.

6- The estimated investment related savings is calculated by subtracting the renting cost with the ownership cost then multiplying the result with default investment rate (i.e. 0.8)

Amortization

Enter incomings/outgoings

Loan amount *
Loan interest rate in %
Loan term in years

EARLY PAYMENT

Effect of making a larger payment

Payment Amount
Made after month

Generated Results

Calculator Notes

1- The monthly interest payment is calculated by multiplying the loan balance with annual interest rate.

2- The principle payment is obatained by the difference of new calculated monthly payment with interest rate.

3- Remaining balance is difference of begining balance with obtained principal.

Refinancing

Enter incomings/outgoings

Mortgage Information

Current loan balance *
Early settlement fees
Current loan interest rate in %
Current monthly payments *

Refinance Information

Current estimated property value *
Term of the new loan
Estimated amount of the new loan *
Fees to obtain new loan
Interest rate of the new loan in %

Refinancing Information

Estimated costs to obtain a new mortgage
Current Monthly Payment
Refinance Payment
How much lower the new payment would be than the current one
Months to break even

Calculator Notes

1- Estimated costs to obtain a new mortgage is the closing cost which is calculated using loan amount, loan term, interest rate and downpayment.

2- The current monthly payment is calculated using the refinancing calculator which provide the refinancing new loan amount value.

3- The Refinance Payment is calculated by mulitplying the new refinancing loan amount value obtained using refinancing calculator with monthly interest rate.

4- How much lower the new payment would be than the current one is obtained by subtracting the current refinancing value by the multiple of new refinancing value and monthly interest rate.

Affordability

Enter incomings/outgoings

Monthly Gross Income *
Extra monthly income
Monthly Debts
(excluding housing costs)
Down payment Amount
Interest/Profit Rate In %
Loan term in years

We estimate the maximum amount you can afford to be:

Conservative Aggressive
Minimum house price
Maximum Loan Amount
Monthly mortgage
insurance payments
Monthly Property Tax
Total Monthly Payments

Calculator Notes

1- Conservative calculated based on: total deductions from the total net income 50%

2- Aggressive calculated based on: total deductions from the total net income 65%

3- The minimum house price is the estimated property value or loan amount you can afford, it is calculated by the submission of monthly payment values.

4- The maximum loan amount is the estimated mortgage amount or loan amount for which you may qualify.

5- Total monthly payments is the funds you will have available each month to make your mortgage payment and pay for all monthly home ownerships costs.

1
Contact Us Call Us