Mortgage calculator where you input the max monthly payment?
April 15, 2010 by
Filed under mortgage calculator
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?
try your cell phone calulator
Nope, only a lender/loan officer can answer that question. Too many variables to answer that on a calculator.
I don’t know of any that do exactly what you want, but I can point you at two that will provide you with the information your looking for, if you’re willing to fiddle with them a bit.
The first one calculates how much of a loan you can afford based on income, current debt, etc.
The second one is an amortization calculator. After you plug in some basic mortgage information, you can plug in some additional principal and see how it affects the mortgage.
To get real life answers use this tool:
http://tinyurl.co.uk/mavq