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How Much House in the Phoenix Area Can You Afford?

We can tell you exactly how much house can afford.  Please use our Mortgage Calculator to figure out how much house in the Phoenix Real Estate Market you can afford.

 

 

 

Our Mortagage calculators will help you determine loan amounts, mortgage qualification, affordability or whether you should be renting or buying your next home in the Phoenix Real Estate Market.

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. For the most accurate information, give me us a call.  We are only a phone call away!

 
Required
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
0.43%of Cost
Annual Property Tax:  $  
1.2%of Cost
Monthly Income:  $
Monthly Debt:  $
Optional
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:  
 
Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate)
Monthly Rent: $
  No. of Years you plan on keeping the home:
Annual Rental Increases:   %   Yearly Appreciation on the Home: %
Monthly Renter Insurance: $   Annual Home Maintenance: %
Savings or Investment Rate:   %  


7 Mistakes Buyers Make



Find out the top 7 mistakes buyers make and how to avoid them.  Learn more !

 

At REAL PROSTM ARIZONA, we strive to present the most informative and easily navigable real estate website for the Phoenix Real Estate Market.  We assist distressed Arizona real estate owners avoid foreclosure by short selling their real estate.  At myREALPROS.com you can search the Arizona Multiple Listing Service (ARMLS) for Residential and Commercial Real Estate For Sale or Real Estate For Rent.  Shop for homes throughout the Phoenix Arizona Real Estate Market.  Receive Free Professional House Valuation for Real Estate you own in and around Phoenix Arizona.  Search for Rental Homes, Townhouses and Apartments using our Rental House Search Engine .  View luxury homes for sale in in prestigious Phoenix Arizona Neighborhoods.  Subscribe to our Home Owner News , an Informative Real Estate Newsletter with valuable tips and tricks and a fresh perspective on the Phoenix Real Estate Market.  Read the latest Real Estate news for the entire valley of the Sun including our Blog.

Short Sale Disclaimer
Website visitor and all clients acknowledge that Broker/Agent is not qualified to provide financial, legal, or tax advice regarding a short sale transaction. Therefore, the Seller is advised to obtain professional tax advice and consult independent legal counsel immediately regarding the tax implications and advisability of entering into a short sale agreement.


Listing Disclaimer 
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 

Mortgage Assistance Relief Services (MARS) Disclosure
(a) REAL PROS Arizona is not associated with the government, and our service is not approved by the government or your lender.  (b) Even if you accept this offer and use our service, your lender may not agree to change your loan.

We abide by the rules and plicies enforced by the National Association of Realtors, The Equal Housting Authoriy, and locally by the Arizona Association of Realtors.

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