Complete the fields below and click Calculate Now. To view the results of each calculation, click on the various tabs. To email yourself a copy of the results, click the Receive this Detailed Analysis link.

Required

Required Must be a number between 1 and 50
Term In Years:
Required Must be a number between 1 and 100
Interest Rate:	%
Required
Cost of Home:	$
Required Cannot be more than Cost of Home
Down Payment:	$
Required
Annual Insurance:	$
Estimate Insurance to 0.43%of Cost
Required
Annual Property Tax:	$
Estimate Tax to 1.2%of Cost
Monthly Income:	$ Required
Monthly Debt:	$ Required

Optional

Gross Debt Service Ratio (GDS):
Total Debt Service Ratio (TDS):
Condos Fees:	$

Results

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Mortgage
Qualification
Affordability
Rent vs Buy

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:

Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate)

Monthly Rent:	$ RequiredMust be a positive number	No. of Years you plan on keeping the home:	RequiredInvalid
Annual Rental Increases:	% RequiredInvalid	Yearly Appreciation on the Home:	% RequiredInvalid
Monthly Renter Insurance:	$ RequiredInvalid	Annual Home Maintenance:	% RequiredInvalid
Savings or Investment Rate:	% RequiredInvalid

Oakland County Michigan	Lake Orion Michigan	Oxford Michigan
Clarkston Michigan	Lapeer Michigan	Waterford Michigan
Rochester Michigan	Lapeer County Lakefront Homes	Metamora Michigan Vacant Land
North Oakland County Neighborhoods	Oakland County Lakefront Homes	Oakland County Lakes

For Buyers

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Blog- For Buyers

Buying a Short Sale- The Good The Bad and The Ugly

Below are the 5 most recent blog posts I wrote about buying short sale listings in Oakland and Lapeer Counties. For a complete list please go to my buyer blog at http://SoutheastMichiganRealEstate.Wordpress.com and click on the short sale category. Or simply click on this link.

My buyer blog at http://SoutheastMichiganRealEstate.Wordpress.com is a pretty complete resource for all aspects of purchasing a home in Oakland and Lapeer County Michigan with articles covering how to write an offer, the home buying process, how to figure your new taxes after purchase, market conditions for various areas including my predictions about future market conditions. And of course it is a pretty complete resource for all that is involved in buying a short sale or foreclosure listing.

Jackie Hawley

cell: (248)736-6407

Jackie@JackieHawley.com

Southeast Michigan Home Buyer Information » Short Sale

Buying a Clarkston Short Sale? What to Expect

Short sales in Clarkston Michigan – click here for the very basics including my attempt to define exactly what a short sale is and the basic steps involved. Below is more about what to expect throughout the short sale transaction. Short sale listings can be some of the best bargains available in Clarkston MI, but [...]

Making an Offer on an Oakland County Michigan Short Sale Listing? The Asking Price Means Nothing!

Making an Offer on an Oakland County Michigan Short Sale Listing? The Asking Price Means Nothing! First a quick run down about how the short sale process works. Owner lists a house with a real estate agent. The owner owes more on the house than he can sell it for and is either unable or [...]

Southeast Michigan Short Sales- Why You Should Avoid Many Of The So Called “Short Sale Specialists”

Southeast Michigan Short Sales- Why You Should Avoid Many Of The So Called “Short Sale Specialists” I will preface this post with a kind of anti-disclaimer: If you have to sell via short sale, I DO NOT WANT TO LIST YOUR HOUSE. If you are a past client or a friend, I will list your [...]

Am I Overpaying?

Am I Overpaying? Is the listing overpriced? What is the house worth? All questions, or variations of questions, most buyers ask when buying a house. They are valid questions with not easy or pat answer. The value of the home depends on your point of view. Webster defines “value” as “a fair return or equivalent [...]

Buying an Oakland County MI Short Sale Listing- What to Expect

Buying an Oakland County MI Short Sale Listing- What to Expect Between what I’ve heard on TV and radio, read and from conversations I’ve had with clients, potential clients, other agents, relatives, friends… I have learned that there are a whole host of definitions for the term “short sale.” And most of them not very [...]

Home	Choosing a Buyer's Agent	Writing the Offer
The Home Inspection	Financing	Foreclosures and Short Sales
Search the MLS	Buyer Reports	Homes for Sale
For Sellers	Seller Reports	Preparing the Home for Sale
Seller's Toolkit	Home Evaluation	Contact Me

Buying a "Normal" Home Listing - Not a Short Sale or Foreclosure

Below are the 5 most recent blog posts I wrote about buying "normal" or non-distressed home listings (not short sales or foreclosures) in Oakland County MI. For a complete list please go to my buyer blog at http://SoutheastMichiganRealEstate.Wordpress.com and click on the "buying NON distressed homes" category. Or simply click on this link for posts covering topics such as the purpose of the home inspection, what is an earnest money deposit, why you need title insurance, what are seller concessions, etc.

My buyer blog at http://SoutheastMichiganRealEstate.Wordpress.com is a pretty complete resource for all aspects of purchasing a home in Oakland County Michigan with articles covering how to write an offer, the home buying process, how to figure your new taxes after purchase, market conditions for various areas including my predictions about future market conditions. And of course it is a pretty complete resource for all that is involved in buying a short sale or foreclosure listing.

Jackie Hawley

cell: (248)736-6407

Jackie@JackieHawley.com

Southeast Michigan Home Buyer Information » buying NON distressed homes

Clarkston Michigan Home Buyer- How to Calculate Your New Property Taxes

Clarkston Michigan Home Buyer- How to Calculate Your New Property Taxes Right now in Clarkston Michigan many houses are assessed higher than their true market value. Many home buyers are under the false assumption that they will only be stuck with that tax for the first year. That the new assessment will be half the [...]

Writing an Offer on a Lake Orion Michigan Home

Writing an Offer on a Lake Orion Michigan Home Unless you’re a cash buyer, our standard purchase agreement contains a financing contingency. Even if you are pre-qualified you need this contingency to protect yourself. If your financial situation changes after writing the offer (such as job loss) you need the protectionof the financing contingency. It [...]

Another Reason For A Strong Pre-Approval- Good Chance You Will Be Competing Against Cash

Thinking of buying a new home in Clarkston or Lake Orion MI? You need to get that pre-approval from your lender very early in the process. Ideally before you even start looking, and for a variety of reasons. Of course there are the same reasons as always- need to know a price to perform an [...]

Do The Windows Really Need Replacing?

Do The Windows Really Need Replacing? I was showing an 18 year old house the other day, and the buyer mentioned it would need new windows. They looked fine and no evidence of broken seals. A home inspection should find any problems, but at this point there is no reason to think the windows have [...]

Attention Loan Officers- We are a team, working together. Keep up the snarky attitude and we can always change loan officers

Attention Loan Officers- We are a team, working together. Keep up the snarky attitude and we can always change loan officers. I don’t know when selling real estate became so confrontational- almost a contact sport. Sometimes a simple real estate transaction feels more like a pissing contest with everybody out to draw blood. Recently we [...]

The Nuts and Bolts of Buying a Foreclosure Listing

Below are the 5 most recent blog posts I wrote about buying foreclosure listings in Oakland County MI. For a complete list please go to my buyer blog at http://SoutheastMichiganRealEstate.Wordpress.com and click on the foreclosure category. Or simply click on this link.

My buyer blog at http://SoutheastMichiganRealEstate.Wordpress.com is a pretty complete resource for all aspects of purchasing a home in Oakland County Michigan with articles covering how to write an offer, the home buying process, how to figure your new taxes after purchase, market conditions for various areas including my predictions about future market conditions. And of course it is a pretty complete resource for all that is involved in buying a short sale or foreclosure listing.

Jackie Hawley
cell: (248)736-6407

Jackie@JackieHawley.com

Search the MLS

Southeast Michigan Home Buyer Information » Foreclosures

Lake Orion MI Foreclosure Listings Are NOT Available For Sale BEFORE Hitting The MLS

Lake Orion Michigan Foreclosure Listings Are NOT Available For Sale BEFORE Hitting The MLS I am asked multiple times a week if I can let someone know about Lake Orion MI foreclosure listings before they hit the market. When I say “there is no way” I am then often asked about RealtyTrac. RealtyTrac reports foreclosure [...]

Am I Overpaying?

Michigan Foreclosures- New Buyer Fee to Consider

Michigan Foreclosures- New Buyer Fee to Consider It is customary in Michigan real estate transactions for the seller to pay the transfer tax- both state and county- to the tune of .86 of a per cent of the sale price. Bank owned homes backed by Fannie Mae and Freddie Mac have been exempt from this [...]

Are Southeast MI Foreclosure Sales (Bank Owned Homes) REALLY The Best Deals?

Are Southeast MI Foreclosure Sales (Bank Owned Homes) REALLY The Best Deals? Sometimes they are. Some bank owned homes are in pristine condition. Sometimes. Most of the time they are rough. Often times they are not mortgageable. Often times once you pay cash (money that is not making money elsewhere) and then you put cash into [...]

What Happens if the Appraisal is Low?

What Happens if the Appraisal is Low? Low appraisals (appraised value coming in lower than the agreed upon sale price) are becoming more common and will probably remain a problem for quite awhile to come. There are many reasons why appraisals can come in low, and it is usually NOT because the buyer was prepared [...]

Local Market Conditions North Oakland County MI

Below are the 5 most recent blog posts I've written about the local market- sales data, neighborhood and lake information. You can see all the posts I've written about the local market by going to http://SoutheastMichiganRealEstate.Wordpress.com and clicking on the market conditions category on the right hand side or simply click here.You may also want to check out post about lakefront real estate, and local recreational attractions.

Jackie Hawley
cell: (248)736-6407
Jackie@JackieHawley.com

Oakland County Lakefront Homes for Sale

Oakland County Lakefront Home Sales and Lake Data

Lapeer County Lakefront Homes for Sale

Southeast Michigan Home Buyer Information » market conditions

Lake Oakland Lakefront Home Sales- Great News If You’re Selling! Buyers- Play Games And You May Lose Out!

Lake Oakland Lakefront Home Sales- Great News If You’re Selling! Buyers- Play Games And You May Lose Out! Good news for current homeowners on Lake Oakland in Clarkston and Waterford MI. Prices are up and homes are selling quickly. If you want to live or own a cottage on Lake Oakland, you may need to [...]

Lake Orion MI- Unit Sales, Sale Price and Dollar Volume Are ALL Up!

Lake Orion MI- Unit Sales, Sale Price and Dollar Volume Are ALL Up! 2011 was a pretty good year and I see no reason that 2012 won’t match or exceed last year’s sales in Lake Orion MI. Unit sales in 2011 were up 8%, the average sales price was up 7% and the total dollar [...]

Clarkston MI Home Sales Were Up- AGAIN!

Clarkston MI Home Sales Are Up- AGAIN!! 2011 home sales in Clarkston MI were up in units, average sales price and total dollar volume from 2010. And 2010 was better than 2009. Is this a trend? Will 2012 be a better year than 2011? If you were waiting until the market hit rock bottom to [...]

The Preserve, Lake Orion MI- Prices Rebounding?

The Preserve, Lake Orion MI- Prices Rebounding? It sure looks that way. The Preserve has always been a great place to live no matter the market. Beautiful homes with great location, subdivision playground, pool, clubhouse, sidewalks, Detroit water and sewer. Now it looks like it also a good investment again. In 2005 prices ranged from [...]

Rolling Meadows Lake Orion MI- Prices Still Rising

Rolling Meadows Lake Orion MI- Prices Still Rising Prices in Rolling Meadows, Lake Orion MI are still on the rise though still a major discount from the hey days of 2004 when the sale prices in Rolling Meadows ranged from $295,000-$368,000. 2011 sale prices so far range from $194,000-$260,000 with a median sale price of [...]

Choosing a Buyers Agent

Writing The Offer

Financing

The Home Inspection

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Foreclosures and Short Sales

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Mortgage Calculator

Homes for Sale

Orion/Oxford Lakefronts

Waterford Lakefronts

Clarkston Lakefronts

White Lake/Highland Lakefronts

Lapeer Lakefronts

Metamora Vacant Land

Jackie Hawley

Jackie@JackieHawley.com



Jackie Hawley
Email Jackie

Phone:	(800)401-1444
Cell:	(248)736-6407
Address:	6510 Town Center Dr Suite D
City:	Clarkston
State:	Michigan 48346
Country:	United States

Oakland County Michigan Real Estate Homes for Sale Clarkston Real Estate

About e-PRO   why hire an e-PRO to sell your southeast MI real estate
About Jackie    Jackie Hawley, Realtor, e-PRO, full time real estate sales
About Kari       Kari Butz, Realtor, buyer specialist, representing buyers in their southeast MI home search
About Michigan   MI statistics, informative links, real estate news, homes for sale
All Sports Lake maps   Lake maps for all sports lakes in southeast Michigan
Art and Design   Art and Design New York Times rss feed
Avoid Buyer Errors   Buying real estate in southeast MI, Oakland county MI, Lapeer county MI, Macomb county MI
Back Yard Composting   Composting information for your southeast MI garden
Back Yard Pond   Build a pond in the back yard of your southeast Michigan home
Birmingham/Bloomfield Area Listings   Real estate listings in Birmingham MI and Bloomfield Michigan
Book Information of All Kinds   Libraries, book stores, New York Times rss feeds

Michigan real estate and homes for sale covering Lake Orion Michigan houses, Oxford MI homes, Clarkston Michigan homes for sale, lakefront, luxury homes, relocation, FHA buyers, first time buyers. Homes for sale in Oakland county MI, Macomb county MI, Lapeer county MI.

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