Westland and Livonia real estate and homes for sale in Michigan - Jody White, REALTOR® Jody White REALTOR(r) for Westland and Livonia, Michigan real estate - NUMBER1EXPERT™ Jody White NUMBER1EXPERT(tm) for Westland and Livonia, Michigan real estate
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Jody White, REALTOR®, real estate agent and broker for Westland and Livonia Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)
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Mortgage Calculators: Westland and Livonia Michigan home buying, real estate listings, and homes for sale in Wayne County, MI
Welcome > Resources > Mortgage Calculators > Monthly Payments & Schedule ...


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... 

How Much Should Your Income Be?

What income is required to qualify for a mortgage? That largely depends on your monthly debt payments and the current interest rate. This calculator collects these important variables and determines your required income to qualify for your desired mortgage amount.

This Financial Calculator requires a Browser with Java Support



Definitions

Desired mortgage amount
The total loan amount you are looking to qualify for.

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.




Jody White, REALTOR®, real estate agent and broker for Westland and Livonia Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

Jody White
Rice Realty

8401 Narise St., Westland, MI 48185
10667 Belleville Rd, Belleville, MI 48111
Westland Office: 734-421-7423 (RICE)
Belleville Office: 734-421-3515
Cell: 734-564-8401
Fax: 734-421-3516
Email: jody@ricerealty.com

Jody White is the owner of Rice Realty. Rice Realty is a full service residential real estate company servicing client’s real estate needs throughout Wayne and Oakland Counties. The company provides real estate services to current property owners as well as buyers who require representation, which ensures their interest is served in an appropriate manner with maximum results. Mrs. White has over 23 years of real estate experience as a consultant, investor, appraiser, landlord and broker/owner which has earned her an exceptional reputation in the industry, as evident in that over 80% of the company revenue is generated through referrals. Jody resides in Westland with her husband of over 9 years and their two children. She is active at church and her children’s school and takes great pleasure scrapbooking, weight training and having fun with friends and family. Jody White is the best choice for your next real estate purchase or sale.

CBREqual HousingGRIMLSREALTOR


Rice Realty real estate and homes for sale in Westland and Livonia Michigan

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