The Best Mortgage Calculators On the Web! Please try our 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. Try each calculator with different interest rates, loan amounts, and payment schedules. The mortgage repayment schedule and other reports are fully customizable - just for your home, your interest rate, your loan amount, your taxes, and more. Would you like a print out, for your records and future reference? Each calculator includes a View Report button. Click it, hit print, and you have a report, customized just for you... How Much Can You Afford?
The first step in buying a house is determining your budget. This calculator steps you through the process of finding out how much you can borrow. Fill in the entry fields and click on the "View Report" button to see a complete amortization schedule of your mortgage payments.
Definitions
- Annual income
- Your annual income before taxes. For married couples this is your total combined annual income before taxes.
- Purchase price
- The price of the home you wish to purchase. This is the actual price you'll pay, not including any closing costs.
- Total monthly payment
- Total monthly payment that you can qualify for. This is the total of principal, interest, taxes and insurance paid each month. Often called PITI.
- Cash on hand
- Cash you have for the down payment and all closing costs.
- Interest rate
- The current annual interest rate you can receive on your mortgage.
- 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.
- Property tax rate
- Your property tax rate. 1% for a $100,000 home equals $1,000 per year in property taxes.
- Home insurance rate
- Your homeowner's insurance rate. 0.5% for a $100,000 home equals $500 per year for homeowner's insurance.
- Monthly car payment(s)
- Total monthly payment for your car loan(s).
- Credit card payments
- Total monthly minimum payments for your credit cards.
- Other loan payments
- Any other installment loan payments, such as student loans or unsecured loans.
- Total closing costs
- Total upfront costs to close your loan. This is the total of your loan origination fee, points paid and other closing costs.
- Loan origination rate
- The percentage the lending institution charges for its origination fee. 1% for a $100,000 home equals $1,000.
- Number of points paid
- The total number of points paid to reduce the interest rate of your mortgage. Each point costs 1% of your mortgage balance.
- Other closing costs
- Estimate of all other closing costs for this loan. This should include filing fees, appraiser fees and any other miscellaneous fees paid.
- Monthly PMI payment
- Monthly cost of Principal Mortgage Insurance (PMI). For loans secured with less than 20% down, PMI is estimated at 0.5% of your loan balance each year. Monthly PMI is calculated by multiplying your starting loan balance by this percent and dividing by 12. When the equity in your home exceeds the percentage required for PMI, your PMI payment drops to zero. Please note that this is only an estimate of your actual PMI. The amount you may be required to pay may be higher or lower than our estimate.
- Monthly PI payment
- Monthly principal and interest payment.
- Total for down payment
- Total funds remaining, after closing costs, for down payment.
- Limit down payment
- Limit your down payment to percentage required to eliminate the need for PMI payments. Even if you have more cash on hand than required for closing costs checking this box will limit your down payment to the minimum amount required to forego PMI.
- Show schedule by month
- Display the payment schedule by month when you press the "View Report" button.
- Show schedule by year
- Display the payment schedule by year when you press the "View Report" button.
- Total annual income debt percentage
- Not shown. This is the percentage of your annual income your financial institution allows you to use for debt installment payments. This includes car payments, credit card payments, other loan payments and your "Principal, Interest, Tax and Insurance" payment for your home. The default rate is 36%.
- PITI annual income percentage
- Not shown. This is the percentage of your annual income your financial institution allows you to use for your "Principal, Interest, Tax and Insurance" payment for your home. The default rate is 28%.
- Qualify amount
- Shown as "Total monthly payment." This is the total amount you qualify for per month. This amount is the total of "Principal, Interest, Tax and Insurance" for your home.
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.
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Pricing >The Value of Your House
One of the sayings from the "gold-rush" days--"Them that's got the gold, sets the price!"--is also a principle that applies to real estate. We say that a house is only worth what someone will pay for it, even though the owner, the bank, and the agent all have their own opinions about the "market value" of a home. In other words, no sale ever takes place until the buyer agrees with the price.
How can sellers arrive at the maximum "fair" price that buyers are willing to pay? Buyers (and appraisers) make their decision based on comparisons. While shopping for a home, buyers will visit many similar homes in their price range and measure the features of each one against the price. They decide which house offers them the maximum value for the price. Buyers do not expect a home to be a "steal" or dramatically under-priced, but they do expect it to be a fair value.
Sellers must determine the value that their home offers in order to arrive at the right price. The real estate agent will advise the sellers what buyers should be willing to pay for their home, but the asking price is set by the seller.
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How much does a celebrity's name boost the price of a property?
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Typically no more than 5 percent, but there are exceptions--the greater the fame, the higher the price!
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 See More Real Estate Trivia > |
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Parker Quigley Lake Specialist Team
RE/MAX Foothills Realty
4022 Clemson Blvd.
Anderson, SC 29621
Phone 1: 866-244-8439
Phone 2: 877-314-1058
Fax: 864-287-0858
parkerquigley@NUMBER1EXPERT.com
This site is your one stop Comprehensive Website provided by Parker Quigley's Lake Specialist Team and ReMax Foothills Real Estate. Services we provide are: Lake Hartwell Anderson SC Realtors, Lake Keowee Seneca SC Realtors, Lake Hartwell Realtors licensed in Georgia & S.C., Lake Hartwell Buyer Agent Representation, Lake Hartwell Listing Agent with an extensive marketing plan that really works!, Lake Keowee Buyer Agent Representation, Lake Keowee Listing & Marketing Real Estate Agent Specializing in Upstate SC Lake Property. We are licensed Real Estate Agents in Anderson, SC who perform our duties with the utmost professionalism & dedication.
Lake Hartwell is a very large man made Lake with 56,000 acres of water & over 900 Miles of beautiful shoreline.Lake Hartwell is managed by the U.S. Army Corps of Engineers and is well marked with a navigational buoy system as well as shoal markers & no wake zones under bridges and entering it's five marinas (Hartwell Marina, Big Water Marina, Portman Marina,Harbor Light Marina & Clemson Marina). Clemson University also sits on the shoreline of Lake Hartwell and owns a lot of waterfront property on the Seneca River & Coneross Creek Channels of Lake Hartwell. There are also Lakefront Restaurants you can go to by boat such as: The Galley & Nami Asian Bistro at Portman Marina; Charlie T's (located on six & twenty creek by water and Exit 19-A by car); T-60 Grill (located on the Tugaloo River @ Buoy T-60); Swamp Guinnea (located in Hartwell, Georgia), Weinacker's (Located on Coneross Creek) and Season's (Located @ Clemson University Madren Center on the Seneca River). Whether you are searching for a weekend cottage or an upscale permanent Lake Hartwell residence, we will leave no stone unturned in our search for your perfect Lake Hartwell Property. Lake Keowee is also a manmade lake about 1/3 the size of Lake Hartwell. Lake Keowee consists of over 300 miles of shoreline and over 18,000 acres of water and is located north of lake Hartwell. Lake Keowee is managed by Duke Power and boasts gorgeous Blue Ridge Mountain Views and crystal clear water. Our team prides ourselves on the ability to show Lake Hartwell & Lake Keowee Real Estate by Water when you narrow your search. Both Lake Hartwell & Lake Keowee offer a wide range of available Waterfront Real Estate options from Vacant Land to Cottages to Executive Homes & New Construction on the shores of both Lakes Hartwell & Keowee. Both Lake Keowee & Lake Hartwell are very condusive to many types of water sports such as: Waterskiing, wakeboarding, kayaking, canoeing, jet skiing and of course swimming. Many people choose to have a houseboat docked at any one of the marinas so they can anchor out in a private cove for the weekend or take all of their friends to the Clemson Football Games. Yes....you can go to the games by boat. How Fun is that??? North of Lake Keowee you will find Lake Jocassee whick is a true mountain lake and paradise on earth. Lake Jocassee offers 100+ feet of water depth in many areas, several actively flowing waterfalls and beauty beyond belief. Lake Jocassee is surrounded by Mountains and protected national Park land. Lake Jocassee Real Estate is much higher priced than Lake Hartwell & Lake Keowee Real Estate due to lack of available property. Parker's Lake Team offers Buyers & Sellers Professional Real Estate services in Upstate South Carolina Counties including: Anderson, Oconee & Pickens Counties in South Carolina as well as Hart, Franklin & Stephens Counties in Georgia. Providing SUPERIOR LAKE HARTWELL REAL ESTATE & LAKE KEOWEE REAL ESTATE service TO Waterfront Buyers & Sellers on Upstate S.C. Lakes 24 hours a day/ 7 days a week! Lake Hartwell & Lake Keowee Vacation Homes to Permanent Homes....We have the neccessary EXPERIENCE you need to have a smooth & happy transaction! Lakes Hartwell & Keowee are fast becoming very popular Retirement Destinations in South Carolina. Call the Professional ReMax Foothills Lakefront Real Estate Specialists: Parker Quigley's Lake Team Today and Start making your Lakefront Memories TODAY!     
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