Estimate your maximum mortgage availability with online mortgage calculator from West Michigan Real Estate

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Online Mortgage Calculators

Estimate your maximum mortgage availability

Provided to give you only estimated calculations. There is no guarantee in regard to accuracy.

Fill in fields and click 'Calculate' for the estimated maximum payment.

Annual Income (both spouses if married):	$
Property Taxes:	$
Monthly Utility Costs:	$
Other Monthly Payments (loans, credit cards):	$
Monthly Secondary Financing Payment:	$
Interest Rate (Minimum: 2.0%):		%

Maximum Mortgage	Monthly Payment

This is an estimation tool, not an offer to lend. Actual market interest rates may vary. Payment calculators do not include Private Mortgage Insurance which could be required by some Mortgage Companies based upon the mortgage amount requested.

More info:

Annual Income	Total amount of annual family income you can prove. Enter gross income (before taxes). You must be able to prove your income, by one or more of: pay stubs employment letters financial statements tax assessment notices investment income documentation The proof required may depend on your specific circumstances. Minimum: $10,000 Maximum: $1,000,000
Property Taxes	Estimated annual property taxes. These are the taxes for local services, which are either billed directly by your municipality or added to your monthly mortgage payment. You may find this amount on a property listing, it may be estimated by the builder, or indicated by the local municipality. If you are Pre Qualifying for a mortgage, please estimate the property taxes. Minimum: $100 Maximum: $50,000
Monthly Utility Costs	Your monthly heating costs and half of any applicable monthly condo/maintenance fees. Ask your realtor or your builder to obtain the most likely amount for you, if you are not currently occupying the property. If you are Pre Qualifying for a mortgage, please estimate the amount. Minimum: $20 Maximum: $1,500
Other Monthly Payments	Minimum monthly payments on loans and credit cards. You should also include personal use property lease payments, alimony and any other legally required payments (at this point exclude other mortgages/secured credit lines etc.). Minimum: $0 Maximum: $5,000
Monthly Secondary Financing Payment	Monthly amount of all other loans and mortgages that are or will be registered against the property you are financing/buying. Do not include the first mortgage that you are qualifying for now. For example: second or third mortgage, a secured line of credit. Minimum: $0 Maximum: $5,000
Interest Rate	The interest rate you want to use for calculating your payment and amortization schedule. Enter the interest rate in a whole number format, i.e., 4.56