How Much Can You Afford?

Our calculators will help you determine loan amounts, mortgage qualification, affordability or whether you should be renting or buying.

Complete the fields below and click Calculate Now. To view the results of each calculation, click on the various tabs.  To email yourself a copy of the results, click the Receive this Detailed Analysis link.

Required Fields
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
Estimate Insurance to 0.43% of Cost
Annual Property Tax:  $  
Estimate Tax to 1.2% of Cost
Monthly Income:  $
Monthly Debt:  $
Optional Fields
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:
 
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:  %

 

Visit Our Other Websites:

KnoxTNHomeSearch.com
HomesForSaleKnoxville.com
KnoxvilleReal-Estate.com
SearchKnoxvilleRealEstate.com
MyKnoxvilleHomeSearch.com
KnoxvilleHomeExpert.com

The McInerney Team
Realty Executives Associates

109 Northshore Drive
Ste. 200
Knoxville, TN 37919

Office: 865-588-3232
Direct: 865-237-5289
Fax: 865-251-3232

Your Knoxville TN
Real Estate Connection!


Contact Us Online

The Christine McInerney Team

 

 

Each Realty Executives office is independently owned and operated. All of the listings displayed on this website may not be listed by Realty Executives Associates. Information deemed reliable but not guaranteed. The supplied Knoxville real estate IDX portal allows you to search for Knoxville homes, land, real estate, and other properties for sale in the Greater Knoxville area that are listed in the Knoxville MLS. The data relating to real estate on this website comes in part from the Broker Reciprocity/IDX (Internet Data Exchange) Program of the Knoxville Area Association of REALTORS® MLS (Multiple Listing Service, Inc). Not all IDX listings from the Knoxville MLS are currently under the brokerage of Realty Executives. Data received from other IDX Participants is deemed reliable but not guaranteed.

 

Website Login / Admin

 

custom point2 agent websites