Bellegirl asked:


I live in orlando, Florida. I’m looking to purchase my first home. I make $45,000. I don’t have any debt just a car payment for $400 and car insurance. I can put $10,000. I’m a single with no kids and was wondering how much house i can afford and how much a bank would lend me.

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tygger asked:


I found this mortgage calculator provided by a home builder. This one not only includes Principle and Interest, it also appears to include Taxes and Insurance (although, not sure how accurate).

In the link, click up top on “How much can I afford” and select “Find out how much my monthly payment would be.” And select your state.

http://www.mihomes.com/

Please tell me if this is pretty accurate. It doesn’t add in PMI, instead it breaks it out to two mortgages, 80/20 maybe? But it doesnt tell you what the rate is on the second mortgage.

I’m just trying to figure some things out before I have my credit checked and speak to a loan officer.

Thanks

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billy asked:


Note this is actually 2 questions - the answers are not the same.
We’re looking to buy in the next 2 months.

73,000 gross income
585 monthly debt
credit scores are above 700
live in Ohio
have 11k to put down
taxes and insurance for the area we are looking are high - approx. 2.25% of the purchase price

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summer asked:


i got a quote of 7.75 interest rate on a 30 yr.conforming fixed home loan(for $45,000)and he told me it would be like 390 a month, not including tax and insurance. when i go to a mortgage calculator on the internet and type in 7.75%, 45,000 loan, and $0 down payment it says around $250 a month. can anyone tell me more about how this works, thank you

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bluefrog asked:


Hi, I’ve been looking online and can’t find a calculator where I say I can afford a total of $$$ per month (Principle/Taxes/Insurance/Interest) included and the calculator tells me how much mortgage I should take. Is there one available?

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dundi asked:


I have seen mortgage calculators saying big loans are for small payments. How? I would like to know about 30 year fixed loans for homes between $100,000 and $300,000. How much is your loan and what is your monthly payment? Including insurance, taxes and pmi (if applicable)? Please say what city and state you are in. Thanks!! Extra advice appreciated.

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alan p asked:


what would the monthly expences be for a 1 million dollar apartment building with 10% down in Brooklyn vs San Francisco?

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