Prescott Arizona Real Estate: Your Home Connection Holding the Key to your Prescott Home!


Current Interest Rates


 

This Week

Last Week 

30-Year Fixed

4.125% 

4.525%

15-Year Fixed

3.250%

3.387%

3 Year ARM

 1.750% 

 3.094% 

 

  

This information is provided by Bankrate.com through Broker Agent News, LLC. PO BOX 3107 Cheyenne, WY 82003.  Rates are not guaranteed and are based on individual financial history and credit scores.  Call your lender for a specific quote.

 


How Much Can You Afford?



My mortgage calculator will help you determine loan amounts, mortgage qualification, or whether you should be renting or buying.

Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To e-mail yourself a copy of your results, click the Receive this Detailed Analysis link.

Once you have determined what you can afford, begin searching for properties by visiting my Free Search page.  I will provide you with continuous updates on properties matching your criteria when you complete the Save My Search form.  Updates can be stopped anytime by notifying me by email or phone.

This communication is provided to you for informational purposes only and should not be relied upon by you. Andrea McIntyre of Windermere Real Estate Northern Arizona is not a mortgage lender and so you should contact a lender directly to learn more about its mortgage products and your eligibility for such products. 

 

 
Required
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
0.43%of Cost
Annual Property Tax:  $  
1.2%of Cost
Monthly Income:  $
Monthly Debt:  $
Optional
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $

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)
Monthly Rent: $
  No. of Years you plan on keeping the home:
Annual Rental Increases:   %   Yearly Appreciation on the Home: %
Monthly Renter Insurance: $   Annual Home Maintenance: %
Savings or Investment Rate:   %  

 

 

 

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