Algonquin Il homes for sale
The Watz Team
----The Watz Team---- 847-854-3800

How Much Can You Afford?



Let us help you find out what you can afford!

Our mortgage calculator will help you determine loan amounts, mortgage qualification, or whether you should be renting or buying.

Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To e-mail yourself a copy of your results, click the Receive this Detailed Analysis link.

Required Fields
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 Fields
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $
Results
  Receive this Detailed Analysis

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:
Income Needed to Qualify for the Mortgage
Total Monthly Loan Payment:
Total Monthly Debt Payment:
Monthly Loan Insurance (%):
Qualifying Income of % GDS Ratio:
Qualifying Income of % TDS Ratio:
What You Can Afford
We are using the % ratio.
Cost of House:
Down Payment:
Loan Value:
Monthly Principal & Interest:
Monthly Insurance:
Monthly Property Tax:
Monthly Condo Fees:
 
Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] /
(monthly interest rate/ function of interest rate)
Renting
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
 
Owning
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %

Shop our Illinois Real Estate Property Listings or if you would like to search for ANY available house no matter who it is listed by, do a MLS Search.  These are the services we offer when representing you as a buyer.

Selling a home in Illinois? Find out what your Illinois Real Estate is worth.  These are our Sellers services .

We have free downloadable reports  and staging tips!

To see how much home you can afford or want to afford..check out the real estate calculators or to leave the preapproval process up to a professional visit our Illinois preapproved lenders.

Need local info on shopping, dining, hotels, etc,   school reports or some awesome local photos?

Find out more about Vicki,  and all of her agents!   Realtors looking to change careers find out more about Exit or take a peek at the Exit growth chart to see why Exit is the fastest growing Real Estate franchise in history. 

Moving out of State..be sure and check our Links pages and our Real Estate LinksMexico Ocean front propertyhas never been less expesnive!

Thanks for visiting www.vickisdreamhomes.com.  Check back often.  Inventory changes daily!