Fayetteville, Springdale and Bentonville real estate and homes for sale in Arkansas - Nicky Dou, REALTOR® Nicky Dou REALTOR(r) for Fayetteville, Springdale and Bentonville, Arkansas real estate - NUMBER1EXPERT™ Nicky Dou NUMBER1EXPERT(tm) for Fayetteville, Springdale and Bentonville, Arkansas real estate
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Nicky Dou, REALTOR®, real estate agent and broker for Fayetteville, Springdale and Bentonville Arkansas home listings, property and land for sale - NUMBER1EXPERT(tm)
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Mortgage Calculators: Fayetteville, Springdale and Bentonville Arkansas home buying, real estate listings, and homes for sale in Washington County, AR
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.




Nicky Dou, REALTOR®, real estate agent and broker for Fayetteville, Springdale and Bentonville Arkansas home listings, property and land for sale - NUMBER1EXPERT(tm)

Nicky Dou - Serving Northwest Arkansas and You!
Century 21 Exclamation Realty

5206 Village Parkway, Suite 10
Rogers, AR 72758
Cell: 479.236.3457
Fax: 866-888-0955
Nicky@NickyDou.com

Nicky Dou is America's NUMBER1EXPERT in Northwest Arkansas. Nicky services Fayetteville, Bentonville, Rogers, Lowell, Springdale, Bella Vista, Beaver Lake, and all surrounding areas in Northwest Arkansas. She continues to be at the top of sales in Arkansas and is a native to the area. Nicky is anything but ordinary when it comes to marketing a property. She is an out-of-the-box thinker and utilizes technology and creativity in everything she does. Nicky offers the highest level of service and dedication - Let Nicky make YOU her Number 1 Client! Nicky Dou, Sr. Vice President, Executive Broker Century 21 Exclamation Realty. e-PRO, EcoBroker, AHS (Home Staging Specialist)

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