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 Fields
	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
	Required
Monthly Income:	$
	Required
Monthly Debt:	$
Optional Fields
Gross Debt Service Ratio (GDS):
Total Debt Service Ratio (TDS):
Condos Fees:	$

Results

Receive this Detailed Analysis

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:

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

Renting
Monthly Rent: $	RequiredMust be a positive number
Annual Rental Increases:	RequiredInvalid%
Monthly Renter Insurance: $	RequiredInvalid
Savings or Investment Rate:	RequiredInvalid%

Owning
Planned # of years in home:	RequiredInvalid
Yearly appreciation of the home:	RequiredInvalid%
Annual home maintenance:	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

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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 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 […]

What is a Short Sale? Oakland County MI Real Estate

Oakland County MI Real Estate A short sale is when the house is offered for sale by the owner (person as opposed to a bank) who owes more than what is owed. Once an offer is accepted, the bank has to agree to reduce the mortgage payoff. Usually some of the leg work has been […]

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 […]

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

Oakland County Home Prices on the Rise BUT Housing Is Cheaper

Oakland County Home Prices on the Rise BUT Housing Is Cheaper When most Oakland County MI home buyers purchase a house they are buying under a certain house payment amount. Many factors go into that amount including home price, property taxes, mortgage interest rate. Your mortgage pre-approval is really an approval for a certain monthly […]

CCS = SALE PENDING- Oakland County Michigan Homes for Sale

CCS = SALE PENDING Tired of calling your agent with Oakland County homes you find on Realtor.com or on your agent’s IDX site (consumer MLS) only to be told that many of those Oakland County homes are pending? And many of those same homes are still showing as active a month or two or six […]

Writing an Offer on an Oakland County Michigan Home

Writing an Offer on an Oakland County 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 protection of the financing contingency. […]

Seller Concessions Explained- Southeast Michigan Real Estate

Seller Concessions Explained- Southeast Michigan Real Estate This is my attempt at a very simplified explanation of what seller concessions are. Example: You want to buy the house you just looked at and want to make an offer of $200,000. You need $5000 in seller concessions (seller paying all or part of your closing costs). […]

Oakland County Home Purchase- What is the Deposit? How Much Should it Be?

Oakland County Home Purchase- What is the Deposit? How Much Should it Be? When you make an offer on a house in Oakland County Michigan one of the questions I will ask you is: How much of a deposit to you want to give me? Partially because it is a space on the purchase agreement […]

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

Buying an Oakland County or Lapeer County Foreclosure? What to Expect

Buying an Oakland County or Lapeer County Foreclosure? What to Expect Or more precisely what not to expect. Don’t expect to be able to negotiate anything other than price. Think $150 to re-key a door is high? Too bad. There’s no way around it and you won’t get the key at closing. It may be […]

Can A Seller REALLY Enforce That The Buyer Not Resell For A Specific Period Of Time?

Can A Seller REALLY Enforce That The Buyer Not Resell For A Specific Period Of Time? A lot of the bank and government owned listings specify owner occupied only for the first couple weeks or for the first month. They require the buyer to sign a document that the house will be their primary residence […]

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?

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 […]

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 […]

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

Oakland County Home Prices on the Rise BUT Housing Is Cheaper

Lake Oakland Real Estate Sales Clarkston and Waterford Michigan

Lake Oakland Lakefront Home Sales Real Estate Sales Clarkston and Waterford Michigan Home prices on all sports Lake Oakland are up from last year- both median and average sales prices. More houses have sold in 2012 than in 2011 and a smaller percentage of those homes are short sales and foreclosures. There are currently 6 […]

Orchard Lake, West Bloomfield MI Lakefront Home Sales

Orchard Lake, West Bloomfield MI Lakefront Home Sales, Oakland County Michigan Orchard Lake is a 788 acres all sports lake in West Bloomfield Michigan. So far in 2012 there have been 7 sales on all sports Orchard Lake, ranging in price from $638,000-$940,000. In 2011 there were 5 lakefront home sales on all sports Orchard […]

Lower Straits Lake, Commerce MI Lakefront Home Sales

Lower Straits Lake is a 235 acre all sports lake located in Commerce Township, Oakland County Michigan. Lower Straits Lake connects to Middle Straits Lake. Water flows from Upper Straits Lake into Middle Straits Lake then into Lower Straits Lake and back into the Huron River. Water levels can be supplemented by water that is […]

Lower Straits Lake Commerce Twp MI Lakefront Home Sales

Lower Straits Lake Commerce Twp MI Lakefront Home Sales Median sales price on all sports Lower Straits Lake and the average sales price on Lower Straits Lake are both more than doubled this year over last year. This doesn’t mean prices went up over 100% in just a year’s time. But if you are a […]

Choosing a Buyers Agent

Writing The Offer

Financing

The Home Inspection

Buyer Agency

Foreclosures and Short Sales

Buyer Reports

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:	8040 Ortonville Rd Ste E
City:	Clarkston
State:	Michigan 48348
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 Avoid Buyer Errors Buying real estate in southeast MI, Oakland county MI, Lapeer county MI, Macomb county MI Birmingham/Bloomfield Area Listings Real estate listings in Birmingham MI and Bloomfield Michigan 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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