Experience and Knowledge Working for You! 
Sharron Sverdrup 515 Mineral Avenue Libby, MT 59923
Business: 406-293-1150
Cell: (406)293-1150
Fax: 406-293-8649
Work Phone: 406-293-9939
Email Sharron

How Much Can You Afford?


One of the first steps when buying a new home is to have a clear understanding of your finances to determine if it is affordable to you now and in the long run. By using our custom mortgage calculator to aid you in determining the amount of house you can afford, you can be prepared and feel confident in your home buying decision. Just fill in the fields below to help you determine loan amounts, mortgage qualification, and affordability.

 

Required Fields
   
    %
$
$  
$  
Estimate Insurance to of Cost
$  
Estimate Tax to of Cost
$
$
Optional Fields
   
   
$
Results
Receive Detailed Analysis  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:
 
Cost of House = [(Monthly income x Debt Ratio) –
monthly tax – monthly insurance – condo fee] /
(monthly interest rate/ function of interest rate)
Renting
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
 
Owning
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %