Am I Getting a Mortgage or Paying Cash?

Michael's calculators will help you with your financing decisions including mortgage qualification and loan amounts.
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


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

Gross Debt Service Ratio (GDS):
Total Debt Service Ratio (TDS):
Condos Fees:	$

Results

Receive this Detailed Analysis

Mortgage

Qualification

Affordability

Rent vs Buy

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: