We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. We can not and do not guarantee their accuracy or their applicability to your circumstances. KJE Computer Soltuions' information and interactive calculators are made available to you as self-help tools for your independent use. With less than 20% down, PMI is estimated at 0.5% of your loan balanceįinancial Calculators from (612) 532-4194 Monthly cost of Principal Mortgage Insurance (PMI). Net selling price of your home after subtracting any sales commissions. Your house payment minus the value of the tax deduction and principal $100 property taxes per month, the value of the tax deduction would be For example, if you have $900 in interest and The value of the tax deduction you receive on your mortgage's interestĪnd home's property taxes. Total of principal paid per month on your mortgage. Total of principal, interest, taxes and insurance paid per month for Or real estate agent when you sell your home. The percent of your homes selling price you expect to pay to a broker Includes rent, insurance and tax payments.Īnnual appreciation you expect in the home you are purchasing. Inflation rate used to adjust amounts subject to annual increases. Origination fee, amount paid for points and other closing costs.Īnnual percentage return you would receive if you invested your closingĬosts and down payment instead of purchasing a home.Īmount you currently pay for rent per month. This should includeįiling fees, appraiser fees and any other misc. Each point costs 1% of your mortgage balance.Įstimate of all other closing costs for this loan. The total number of points paid to reduce the interest rate of your The percentage the lending institution charges for its origination fee. The number of years over which you will repay this loan. The current interest rate you can receive on your mortgage. Purchase price of the home you wish to buy.Ĭash you have for the down payment and closing costs. This Financial Calculator requires a Browser with Java Support To help you make a good financial decision. This calculator helps you weed through the fees, taxes, and monthly payments It takes more than looking at your mortgage payment to answer this question. Should you rent or should you buy your home? Home equity loans are limited to 100,000 or the amount of equity you have in your home. More Information.Financial Calculators from Financial Calculators from ! Any interest paid on first or second mortgages over this amount is not tax deductible. A PDF document will be generated with the option for you to save or print it. Click on the link below, enter requested info below and click the Submit button to see your results. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. Solo 401k Contribution Calculator allows you to calculate the maximum amount you can contribute to your plan. Total amount you would save in interest if you made the accelerated payment until your mortgage was paid in full.įinancial Calculators from (612) 532-4194 Scheduled payment plus additional monthly payment. Monthly principal and interest payment based on your original mortgage amount, term and interest rate. This payment will be used to reduce your principal balance. This calculator uses the latest withholding schedules, rules and rates (IRS Publication 15). As with any decision of this type, there are many factors to consider, but knowing your finances is a good place to start. The original amount financed with your mortgage, not to be confused with the remaining balance or principal balance. This calculator is designed to help you see the financial impact of adding, or removing, a spouses income to your household. Most common lengths are 30 years and 15 years. Total length, or term, of your original mortgage in years. This Financial Calculator requires a Browser with Java SupportĪnnual interest rate. View the report to see a complete amortization payment schedule, and how much you can save on your mortgage! How much interest can you save by increasing your mortgage payment? This financial calculator helps you find out.
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