| Computations based on a sale price of | $230,000 | ||||||||||||||||||
| Calculations based on 30 year conventional loan | |||||||||||||||||||
| Insurance estimated at 1.75% of sales price / 12 for a monthly figure | |||||||||||||||||||
| Taxes estimated at 2.00% of sales price / 12 for a monthly figure | |||||||||||||||||||
| PITI line is arrived at by adding the Loan Pmt ( found directly beneath the interest rate ) | |||||||||||||||||||
| and adding the estimated monthly Insurance and Taxes amounts | |||||||||||||||||||
| and PMI (Private Mortgage Insurance) if down payment is less than 20% | |||||||||||||||||||
| copyright © 1998-2004; Richard C. Decker, P.A. RE/MAX Partners | |||||||||||||||||||
| Price | Down | Loan | PMI/Mth | Ins/Mth | Taxes/Mth | 4.00 | 4.50 | 5.00 | 5.50 | 6.00 | 6.50 | 7.00 | 7.50 | 8.00 | 8.50 | 9.00 | 9.50 | 10.00 | |
| 230,000 | 11,500 | 218,500 | 142.03 | 335.42 | 383.33 | 1053.17 | 1114.35 | 1177.72 | 1243.27 | 1311.00 | 1380.92 | 1453.03 | 1527.32 | 1603.79 | 1680.27 | 1758.93 | 1837.59 | 1918.43 | |
| PITI | 5% Dwn | 1913.95 | 1975.13 | 2038.49 | 2104.04 | 2171.78 | 2241.70 | 2313.80 | 2388.09 | 2464.57 | 2541.04 | 2619.70 | 2698.36 | 2779.21 | |||||
| 28% | 6835.52 | 7054.02 | 7280.32 | 7514.43 | 7756.34 | 8006.05 | 8263.57 | 8528.89 | 8802.02 | 9075.14 | 9356.07 | 9637.00 | 9925.73 | ||||||
| YrIncome | 82,026 | 84,648 | 87,364 | 90,173 | 93,076 | 96,073 | 99,163 | 102,347 | 105,624 | 108,902 | 112,273 | 115,644 | 119,109 | ||||||
| 36% | 2460.79 | 2539.45 | 2620.92 | 2705.19 | 2792.28 | 2882.18 | 2974.89 | 3070.40 | 3168.73 | 3267.05 | 3368.19 | 3469.32 | 3573.26 | ||||||
| MaxDebt/Mth | 546.84 | 564.32 | 582.43 | 601.15 | 620.51 | 640.48 | 661.09 | 682.31 | 704.16 | 726.01 | 748.49 | 770.96 | 794.06 | ||||||
| Remember | Est. Closing Costs>>>> | 16,100 | |||||||||||||||||
| Price | Down | Loan | PMI/Mth | Ins/Mth | Taxes/Mth | 4.00 | 4.50 | 5.00 | 5.50 | 6.00 | 6.50 | 7.00 | 7.50 | 8.00 | 8.50 | 9.00 | 9.50 | 9.50 | |
| 230,000 | 23,000 | 207,000 | 89.70 | 335.42 | 383.33 | 997.74 | 1055.70 | 1115.73 | 1177.83 | 1242.00 | 1308.24 | 1376.55 | 1446.93 | 1519.38 | 1591.83 | 1666.35 | 1740.87 | 1817.46 | |
| PITI | 10%Dwn | 1806.19 | 1864.15 | 1924.18 | 1986.28 | 2050.45 | 2116.69 | 2185.00 | 2255.38 | 2327.83 | 2400.28 | 2474.80 | 2549.32 | 2625.91 | |||||
| 28% | 6450.68 | 6657.68 | 6872.07 | 7093.86 | 7323.04 | 7559.61 | 7803.57 | 8054.93 | 8313.68 | 8572.43 | 8838.57 | 9104.71 | 9378.25 | ||||||
| YrIncome | 77,408 | 79,892 | 82,465 | 85,126 | 87,876 | 90,715 | 93,643 | 96,659 | 99,764 | 102,869 | 106,063 | 109,257 | 112,539 | ||||||
| 36% | 2322.24 | 2396.76 | 2473.95 | 2553.79 | 2636.29 | 2721.46 | 2809.29 | 2899.77 | 2992.92 | 3086.07 | 3181.89 | 3277.70 | 3376.17 | ||||||
| MaxDebt/Mth | 516.05 | 532.61 | 549.77 | 567.51 | 585.84 | 604.77 | 624.29 | 644.39 | 665.09 | 685.79 | 707.09 | 728.38 | 750.26 | ||||||
| Price | Down | Loan | PMI/Mth | Ins/Mth | Taxes/Mth | 4.00 | 4.50 | 5.00 | 5.50 | 6.00 | 6.50 | 7.00 | 7.50 | 8.00 | 8.50 | 9.00 | 9.50 | 9.50 | |
| 230,000 | 34,500 | 195,500 | 52.13 | 335.42 | 383.33 | 942.31 | 997.05 | 1053.75 | 1112.40 | 1173.00 | 1235.56 | 1300.08 | 1366.55 | 1434.97 | 1503.40 | 1573.78 | 1644.16 | 1716.49 | |
| PITI | 15%Dwn | 1713.19 | 1767.93 | 1824.63 | 1883.28 | 1943.88 | 2006.44 | 2070.96 | 2137.43 | 2205.85 | 2274.28 | 2344.66 | 2415.04 | 2487.37 | |||||
| 28% | 6118.55 | 6314.05 | 6516.53 | 6725.99 | 6942.44 | 7165.87 | 7396.28 | 7633.67 | 7878.05 | 8122.42 | 8373.78 | 8625.14 | 8883.48 | ||||||
| YrIncome | 73,423 | 75,769 | 78,198 | 80,712 | 83,309 | 85,990 | 88,755 | 91,604 | 94,537 | 97,469 | 100,485 | 103,502 | 106,602 | ||||||
| 36% | 2202.68 | 2273.06 | 2345.95 | 2421.36 | 2499.28 | 2579.71 | 2662.66 | 2748.12 | 2836.10 | 2924.07 | 3014.56 | 3105.05 | 3198.05 | ||||||
| MaxDebt/Mth | 489.48 | 505.12 | 521.32 | 538.08 | 555.40 | 573.27 | 591.70 | 610.69 | 630.24 | 649.79 | 669.90 | 690.01 | 710.68 | ||||||
| Price | Down | Loan | PMI/Mth | Ins/Mth | Taxes/Mth | 4.00 | 4.50 | 5.00 | 5.50 | 6.00 | 6.50 | 7.00 | 7.50 | 8.00 | 8.50 | 9.00 | 9.50 | 9.50 | |
| 230,000 | 46,000 | 184,000 | 0.00 | 335.42 | 383.33 | 886.88 | 938.40 | 991.76 | 1046.96 | 1104.00 | 1162.88 | 1223.60 | 1286.16 | 1350.56 | 1414.96 | 1481.20 | 1547.44 | 1615.52 | |
| PITI | 20%Dwn | 1605.63 | 1657.15 | 1710.51 | 1765.71 | 1822.75 | 1881.63 | 1942.35 | 2004.91 | 2069.31 | 2133.71 | 2199.95 | 2266.19 | 2334.27 | |||||
| 28% | 5734.39 | 5918.39 | 6108.96 | 6306.11 | 6509.82 | 6720.11 | 6936.96 | 7160.39 | 7390.39 | 7620.39 | 7856.96 | 8093.54 | 8336.68 | ||||||
| YrIncome | 68,813 | 71,021 | 73,308 | 75,673 | 78,118 | 80,641 | 83,244 | 85,925 | 88,685 | 91,445 | 94,284 | 97,122 | 100,040 | ||||||
| 36% | 2064.38 | 2130.62 | 2199.23 | 2270.20 | 2343.54 | 2419.24 | 2497.31 | 2577.74 | 2660.54 | 2743.34 | 2828.51 | 2913.67 | 3001.20 | ||||||
| MaxDebt/Mth | 458.75 | 473.47 | 488.72 | 504.49 | 520.79 | 537.61 | 554.96 | 572.83 | 591.23 | 609.63 | 628.56 | 647.48 | 666.93 | ||||||
| Price | Down | Loan | PMI/Mth | Ins/Mth | Taxes/Mth | 4.00 | 4.50 | 5.00 | 5.50 | 6.00 | 6.50 | 7.00 | 7.50 | 8.00 | 8.50 | 9.00 | 9.50 | 9.50 | |
| 230,000 | 57,500 | 172,500 | 0.00 | 335.42 | 383.33 | 831.45 | 879.75 | 929.78 | 981.53 | 1035.00 | 1090.20 | 1147.13 | 1205.78 | 1266.15 | 1326.53 | 1388.63 | 1450.73 | 1514.55 | |
| PITI | 25%Dwn | 1550.20 | 1598.50 | 1648.53 | 1700.28 | 1753.75 | 1808.95 | 1865.88 | 1924.53 | 1984.90 | 2045.28 | 2107.38 | 2169.48 | 2233.30 | |||||
| 28% | 5536.43 | 5708.93 | 5887.59 | 6072.41 | 6263.39 | 6460.54 | 6663.84 | 6873.30 | 7088.93 | 7304.55 | 7526.34 | 7748.13 | 7976.07 | ||||||
| YrIncome | 66,437 | 68,507 | 70,651 | 72,869 | 75,161 | 77,526 | 79,966 | 82,480 | 85,067 | 87,655 | 90,316 | 92,978 | 95,713 | ||||||
| 36% | 1993.11 | 2055.21 | 2119.53 | 2186.07 | 2254.82 | 2325.79 | 2398.98 | 2474.39 | 2552.01 | 2629.64 | 2709.48 | 2789.33 | 2871.39 | ||||||
| MaxDebt/Mth | 442.91 | 456.71 | 471.01 | 485.79 | 501.07 | 516.84 | 533.11 | 549.86 | 567.11 | 584.36 | 602.11 | 619.85 | 638.09 | ||||||
| Price | Down | Loan | PMI/Mth | Ins/Mth | Taxes/Mth | 4.00 | 4.50 | 5.00 | 5.50 | 6.00 | 6.50 | 7.00 | 7.50 | 8.00 | 8.50 | 9.00 | 9.50 | 9.50 | |
| 230,000 | 69,000 | 161,000 | 0.00 | 335.42 | 383.33 | 776.02 | 821.10 | 867.79 | 916.09 | 966.00 | 1017.52 | 1070.65 | 1125.39 | 1181.74 | 1238.09 | 1296.05 | 1354.01 | 1413.58 | |
| PITI | 30%Dwn | 1494.77 | 1539.85 | 1586.54 | 1634.84 | 1684.75 | 1736.27 | 1789.40 | 1844.14 | 1900.49 | 1956.84 | 2014.80 | 2072.76 | 2132.33 | |||||
| 28% | 5338.46 | 5499.46 | 5666.21 | 5838.71 | 6016.96 | 6200.96 | 6390.71 | 6586.21 | 6787.46 | 6988.71 | 7195.71 | 7402.71 | 7615.46 | ||||||
| YrIncome | 64,062 | 65,994 | 67,995 | 70,065 | 72,204 | 74,412 | 76,689 | 79,035 | 81,450 | 83,865 | 86,349 | 88,833 | 91,386 | ||||||
| 36% | 1921.85 | 1979.81 | 2039.84 | 2101.94 | 2166.11 | 2232.35 | 2300.66 | 2371.04 | 2443.49 | 2515.94 | 2590.46 | 2664.98 | 2741.57 | ||||||
| MaxDebt/Mth | 427.08 | 439.96 | 453.30 | 467.10 | 481.36 | 496.08 | 511.26 | 526.90 | 543.00 | 559.10 | 575.66 | 592.22 | 609.24 | ||||||
| Price | Down | Loan | PMI/Mth | Ins/Mth | Taxes/Mth | 4.00 | 4.50 | 5.00 | 5.50 | 6.00 | 6.50 | 7.00 | 7.50 | 8.00 | 8.50 | 9.00 | 9.50 | 9.50 | |
| 230,000 | 80,500 | 149,500 | 0.00 | 335.42 | 383.33 | 720.59 | 762.45 | 805.81 | 850.66 | 897.00 | 944.84 | 994.18 | 1045.01 | 1097.33 | 1149.66 | 1203.48 | 1257.30 | 1312.61 | |
| PITI | 35%Dwn | 1439.34 | 1481.20 | 1524.56 | 1569.41 | 1615.75 | 1663.59 | 1712.93 | 1763.76 | 1816.08 | 1868.41 | 1922.23 | 1976.05 | 2031.36 | |||||
| 28% | 5140.50 | 5290.00 | 5444.84 | 5605.02 | 5770.54 | 5941.39 | 6117.59 | 6299.13 | 6486.00 | 6672.88 | 6865.09 | 7057.30 | 7254.86 | ||||||
| YrIncome | 61,686 | 63,480 | 65,338 | 67,260 | 69,246 | 71,297 | 73,411 | 75,590 | 77,832 | 80,075 | 82,381 | 84,688 | 87,058 | ||||||
| 36% | 1850.58 | 1904.40 | 1960.14 | 2017.81 | 2077.39 | 2138.90 | 2202.33 | 2267.69 | 2334.96 | 2402.24 | 2471.43 | 2540.63 | 2611.75 | ||||||
| MaxDebt/Mth | 411.24 | 423.20 | 435.59 | 448.40 | 461.64 | 475.31 | 489.41 | 503.93 | 518.88 | 533.83 | 549.21 | 564.58 | 580.39 | ||||||
| Price | Down | Loan | PMI/Mth | Ins/Mth | Taxes/Mth | 4.00 | 4.50 | 5.00 | 5.50 | 6.00 | 6.50 | 7.00 | 7.50 | 8.00 | 8.50 | 9.00 | 9.50 | 9.50 | |
| 230,000 | 92,000 | 138,000 | 0.00 | 335.42 | 383.33 | 665.16 | 703.80 | 743.82 | 785.22 | 828.00 | 872.16 | 917.70 | 964.62 | 1012.92 | 1061.22 | 1110.90 | 1160.58 | 1211.64 | |
| PITI | 40%Dwn | 1383.91 | 1422.55 | 1462.57 | 1503.97 | 1546.75 | 1590.91 | 1636.45 | 1683.37 | 1731.67 | 1779.97 | 1829.65 | 1879.33 | 1930.39 | |||||
| 28% | 4942.54 | 5080.54 | 5223.46 | 5371.32 | 5524.11 | 5681.82 | 5844.46 | 6012.04 | 6184.54 | 6357.04 | 6534.46 | 6711.89 | 6894.25 | ||||||
| YrIncome | 59,310 | 60,966 | 62,682 | 64,456 | 66,289 | 68,182 | 70,134 | 72,144 | 74,214 | 76,284 | 78,414 | 80,543 | 82,731 | ||||||
| 36% | 1779.31 | 1828.99 | 1880.45 | 1933.68 | 1988.68 | 2045.46 | 2104.01 | 2164.33 | 2226.43 | 2288.53 | 2352.41 | 2416.28 | 2481.93 | ||||||
| MaxDebt/Mth | 395.40 | 406.44 | 417.88 | 429.71 | 441.93 | 454.55 | 467.56 | 480.96 | 494.76 | 508.56 | 522.76 | 536.95 | 551.54 | ||||||
| Price | Down | Loan | PMI/Mth | Ins/Mth | Taxes/Mth | 4.00 | 4.50 | 5.00 | 5.50 | 6.00 | 6.50 | 7.00 | 7.50 | 8.00 | 8.50 | 9.00 | 9.50 | 9.50 | |
| 230,000 | 103,500 | 126,500 | 0.00 | 335.42 | 383.33 | 609.73 | 645.15 | 681.84 | 719.79 | 759.00 | 799.48 | 841.23 | 884.24 | 928.51 | 972.79 | 1018.33 | 1063.87 | 1110.67 | |
| PITI | 45%Dwn | 1328.48 | 1363.90 | 1400.59 | 1438.54 | 1477.75 | 1518.23 | 1559.98 | 1602.99 | 1647.26 | 1691.54 | 1737.08 | 1782.62 | 1829.42 | |||||
| 28% | 4744.57 | 4871.07 | 5002.09 | 5137.63 | 5277.68 | 5422.25 | 5571.34 | 5724.95 | 5883.07 | 6041.20 | 6203.84 | 6366.48 | 6533.64 | ||||||
| YrIncome | 56,935 | 58,453 | 60,025 | 61,652 | 63,332 | 65,067 | 66,856 | 68,699 | 70,597 | 72,494 | 74,446 | 76,398 | 78,404 | ||||||
| 36% | 1708.05 | 1753.59 | 1800.75 | 1849.55 | 1899.96 | 1952.01 | 2005.68 | 2060.98 | 2117.91 | 2174.83 | 2233.38 | 2291.93 | 2352.11 | ||||||
| MaxDebt/Mth | 379.57 | 389.69 | 400.17 | 411.01 | 422.21 | 433.78 | 445.71 | 458.00 | 470.65 | 483.30 | 496.31 | 509.32 | 522.69 | ||||||
| Price | Down | Loan | PMI/Mth | Ins/Mth | Taxes/Mth | 4.00 | 4.50 | 5.00 | 5.50 | 6.00 | 6.50 | 7.00 | 7.50 | 8.00 | 8.50 | 9.00 | 9.50 | 9.50 | |
| 230,000 | 115,000 | 115,000 | 0.00 | 335.42 | 383.33 | 554.30 | 586.50 | 619.85 | 654.35 | 690.00 | 726.80 | 764.75 | 803.85 | 844.10 | 884.35 | 925.75 | 967.15 | 1009.70 | |
| PITI | 50%Dwn | 1273.05 | 1305.25 | 1338.60 | 1373.10 | 1408.75 | 1445.55 | 1483.50 | 1522.60 | 1562.85 | 1603.10 | 1644.50 | 1685.90 | 1728.45 | |||||
| 28% | 4546.61 | 4661.61 | 4780.71 | 4903.93 | 5031.25 | 5162.68 | 5298.21 | 5437.86 | 5581.61 | 5725.36 | 5873.21 | 6021.07 | 6173.04 | ||||||
| YrIncome | 54,559 | 55,939 | 57,369 | 58,847 | 60,375 | 61 | |||||||||||||