San Antonio Homes - Calculators

Rent vs. Owning Calculator

Would you like to know how much you could save by buying a home versus staying in your current apartment? This analysis is over a 5 year period assuming a 33% tax bracket and using current mortgage rates.
Step 1: What are you currently paying in rent each month?	$
Step 2: How much is it increasing each year? (1-7%)	%
Step 3: How much will your house cost?	$
Step 4: How much are you putting down?	%
Step 5: How much will your house appreciate each year? (estimate from 1-10%)	%
Step 6: Click here for results below!

Over five years you would pay $ in rent.
Over five years you would pay $ in house payments.
But your home would go up in value by $.
And you would save $ in taxes.
And pay off $ of the loan, which is equity in the home.
The net of it - by buying this home you will save on average $ per month and in total $ over 5 years.

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Calculate Your Private Mortgage Insurance

Sales Price or Home Value:

Loan Amount:

Interest Rate:

%

Loan Term:

years

Principal and Interest:
Estimated PMI:

The equity or down payment is representing % of the sales price or value of the home, leaving a Loan to Value of %.

* This calculator is calibrated for owner occupied, primary residences using conforming loan terms on a home purchase. PMI calculations use standard monthly premiums for fixed rate terms. Reduced premium and financed PMI may reduce costs. ARMs with first adjustments in three years or less, second homes and investment properties will have slightly different payments.

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Monthly Payment Calculator

Loan Amount:
Interest Rate:	%
Loan Term:	years

Principal and Interest: $

Calculate total housing expense including taxes, insurance & PMI

Sales price (or value) of the home:
The down payment (equity) is % using a loan of
Estimated monthly property taxes:
*Not sure how to estimate property taxes?*
If the home is inside the city limits try:
If the home is outside the city limits try:
Estimated monthly homeowner's insurance:
*Not sure try how to estimate insurance?* Try:

Principal and Interest: $

Estimated property taxes: $

Estimated insurance: $

PMI: $

Total Monthly Payment: $

* This calculator is calibrated for owner occupied, primary residences using graded loan terms. PMI calculations use monthly premiums for fixed rate terms. ARMs with first adjustments in three years or less, second homes and investment properties will have slightly different payments.

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What is my credit score?

Please note that this calculator is only provided as a rough guideline for loan qualification. Many factors are used by lenders in making their loan decisions. The results of your calculations here are not binding and in no way constitute an offer to extend credit.

Mortgage / Home Equity Loan (Number of late payments in past 12 months)

30 Days Late
60 Days Late
90 Days Late
90+ Days Late

Installment Loans / Revolving Credit (Number of late payments in past 12 months)

30 Days Late
60 Days Late
90 Days Late
90+ Days Late

Judgements and Collections

Real Estate Foreclosure

Creditor Judgements against you

Creditor Chargeoffs

Personal Bankruptcy

Collections or Wage Garnishments

Tax Liens

Your Credit Grade: *

* This is an approximate rating. Different lenders may grade you somewhat higher or lower, depending on their internal underwriting requirements. The elements which influence your credit rating are often subject to interpretation. There may be mitigating factors, such as a layoff for example, which are not likely to reoccur.

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How Much Home Can I Afford?

Step 1: $

How much do you and your co-borrower make each month?

Based on your income, your house payment can be $

This means you can afford a home worth approximately   $

Note: if a house payment is your only debt.

Step 2: $

What are the combined minimum monthly payments on all your debt (excluding your current mortgages). For example - car loans, credit cards, personal loans, etc..

The maximum that you can pay each month for a house payment including your debt is $

This means you can afford a home worth approximately $

Is this less than you need? That's ok - there are many programs for people that don't qualify for Fannie Mae Conforming loans. Let's see what you could afford under a non-conforming loan.

You could afford $ a month in a house payment under a non-conforming loan. This means you may be able to afford a home worth approximately $. The rate MAY be a little higher, but at least you have options.

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San Antonio Homes - Calculators