fl keys mortgage information
 

Marathon Florida Homes for sale

sam williams

Sam Williams REALTOR®
Coldwell Banker Schmitt11050 Overseas Hwy
Marathon, FL 33050-3459
Office: 305-289-6559
Cell:305-942-6069
Fax: 305-946-0172
E-Mail me
www.bestfloridakeysproperty.com
marathon fl homes for sale contact

coldwell banker schmitt

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WHAT'S NEW:

Florida Keys VIDEO OF THE WEEK

 

 

 

Florida Keys Mortgage Information
If you want more information please Contact Me

Simple Loan Payment Calculator

Simple Loan Payment Calculator

Enter the values of your loan payment to calculate your monthly payments.

Principal
Interest
Number of Years:


 

Monthly Payment and Amortization Table Calculator

Use this calculator to estimate your monthly payment for a given loan balance and interest rate, or to estimate your loan balance given a fixed monthly payment and interest rate.


Loan Balance:

Interest Rate:

Period:

Monthly Payment:




Definitions:

Loan Balance: The amount you want to borrow when used to calculate the monthly payment or the amount you can borrow given a fixed monthly payment.

Interest Rate: The annual percentage rate of the loan.

Period: The length of the loan in either years or months.

Monthly Payment: The amount you will have to pay each month for a given loan amount, term, and interest rate.

Rent vs. Buy

Rent or Buy -- A Scenario

This form allows you to compare renting versus buying by submitting how
much you want to spend a month and how much down you would put into
your house.
Change these fields as desired:

How much you want to spend each month
How much down (invested if renting)
Current Annual Interest Rate
Length of Loan (Years)
Expected Long Term Inflation (%)
Expected Long Term Investment Return (%)
Expected Long Term Tax Rate (%)


Mortgage Qualifying Incomes

Mortgage Qualification Calculator

Enter the values below. The calculator will try to calculate what kind of income lenders will expect you to be making to qualify for the specific values. Property tax and home insurance numbers vary greatly by region so those fields are left at your discretion.

Monthly mortgage principal/interest
Expected annual property tax
Expected annual home insurance
Expected monthly debt payments
(car/student loan, credit cards, etc.)
Sale Price of Home
Down Payment


Prepayment Mortgage Reduction

Prepayment Mortgage Reduction

This form allows you to see how prepaying your mortgage reduces the length of your mortgage by putting in the current values for your loan.

If you know your current principal balance and principal/interest payment, enter them in fields A1 and A2. Otherwise enter the three values for your loan in B1, B2 and B3. (Original Loan Amount, Month of First Payment, Length of Loan).
Change these fields as desired:

Choose the Option
A1 Current Principal Balance (if known)
A2 Current Prin+Int Monthly Payment
 
B1 Original Principal Balance (otherwise)
B2 Month of First Payment (otherwise) /
B3 Length of Mortgage (Years)

You fill out the following table for both cases:

Current Annual Interest Rate
Additional Monthly Pre-Payment*
Increase Monthly Payment each year by (%)

* -- Enter B in the text field to do a biweekly conversion.




How Long will it Last?

How Long will it Last?

Here is a new twist on the mortgage calculator. Here you tell how much you want to spend each month, an interest rate and a loan amount, and the computer tells you how long it will take you to pay it off!
Beginning Balance of Loan
Minimum Monthly payment
Maximum Monthly payment
annual percentage rate (%) (fixed loan)


How much house can you afford?

How much house can you afford?

Submit some values below and find out for yourself.


Annual Income
Monthly Debt (Car payments, credit cards, student loan payment etc.)
Cash in hand for down payment
Property tax rate (%)
(1% = $1000/yr for 100K house)
Home Insurance rate(%)
(0.5% = $500/yr for 100K house)
Interest Rate (%)
Length of Loan (years)