Ann Arbor, Saline and Chelsea real estate and homes for sale in Michigan - Michal Porath, REALTOR® Michal Porath REALTOR(r) for Ann Arbor, Saline and Chelsea, Michigan real estate - NUMBER1EXPERT™ Michal Porath NUMBER1EXPERT(tm) for Ann Arbor, Saline and Chelsea, Michigan real estate
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Michal Porath, REALTORŪ, real estate agent and broker for Ann Arbor, Saline and Chelsea Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)
1898 W. Stadium Blvd.
Ann Arbor, MI 48103
Cell : 734-395-0650 734-741-5505

All agents are NOT alike! Find out why I am a top real estate expert. Call me: 734-395-0650.


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Mortgage Calculators: Ann Arbor, Saline and Chelsea Michigan home buying, real estate listings, and homes for sale in Washtenaw County, MI
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.




Michal Porath, REALTORŪ, real estate agent and broker for Ann Arbor, Saline and Chelsea Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

Michal Porath
Edward Surovell Realtors

1898 W. Stadium Blvd.
Ann Arbor, MI 48103
Phone: 734 395-0650
734 741-5505
Fax: 734 761-6767
michalporath@NUMBER1EXPERT.com

After 25 Years, I still love what I do. For me, real estate isn't just about houses, but it is also about where people make their home. I understand the emotional aspects of home buying and selling, as well as understanding the technical details. I know how to ask the right questions and where to find the answers. When we work together, you'll have the complete attention of a respected professional, intent on being your advocate--face-to-face, one client at a time. This is how I have built my client base and become one of Ann Arbor's most successful Realtors. Whether you are moving across town or across the country, when you decide to buy or sell your home, Invest in the Best Real Estate Advice you can find. My clients say it has made all the difference for them. I'd love to hear from you!

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Edward Surovell Realtors real estate and homes for sale in Ann Arbor, Saline and Chelsea Michigan

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