How Much Can You Afford?
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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.
To learn more about Financial Planning, matching a home to your salary, salary to a home, or choosing a career to match your home style, visit Building Your Bucks: A Blueprint For Your Financial Future. This interactive software tool, developed by the Community Education Task Force of Lexington Bluegrass Association of Realtors, Lexington, Kentucky, will help you see the outcome of various housing scenarios. Please contact Chuck at 859.396.7795 with any questions. |
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Results
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Receive this Detailed Analysis
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Your Monthly Payments
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| Loan Amount: |
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| Loan Insurance (
%): |
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| Total Loan(Mortgage) Amount: |
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| Principal & Interest: |
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| Homeowners Insurance: |
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| Property Taxes: |
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| Condo Fees: |
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| Monthly Loan Insurance (%): |
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| Total Monthly Payment: |
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| Income Needed to Qualify for the Mortgage |
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| Total Monthly Loan Payment: |
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| Total Monthly Debt Payment: |
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| Monthly Loan Insurance (%): |
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| Qualifying Income of
% GDS Ratio: |
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| Qualifying Income of % TDS Ratio: |
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| What You Can Afford |
| We are using the % ratio.
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| Cost of House: |
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| Down Payment: |
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| Loan Value: |
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| Monthly Principal & Interest: |
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| Monthly Insurance: |
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| Monthly Property Tax: |
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| Monthly Condo Fees: |
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| Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate) |
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Sponsors
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This page is sponsored by:
Brad Lewallen
Loan Officer
Cell: 859.351.9239
blewallen@fsnb.net
First Southern National Bank
204 Fairfield Drive, Bell Place
Nicholasville, KY 40356
Office: 859.885.1222
Fax: 859.881.0425
www.fsnb.net
 
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