NEW - CLICK PIC to calulate a
TARGET HOUSE PAYMENT
Just enter buyers hourly incomes
and monthly credit debt payments
You are about to learn what most buyers don't even understand and lenders don't explain very well.
This could get confusing,
So ask questions using the
27/7 - Chat Box below.
Using your
TARGET MONTHLY HOUSE PAYMENT
and an FHA calculator
The FHA Calculator - Setting up Constant numbers
The FHA Calculator will show a more accurate estimate break down of a PITI-MI loan payment.
You will need to set the calculator up with the following information:
See arrowers for placement of consistant information below
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1 - A current Interest rate % (Found at CalFha Link above)
2 - Insurance Estimate using - .35% of the purchase price for an annual payment example
3 - Make sure you set the Property Tax to 1.25%
4 - set Annual FHA MIP to .55%
5 - Change the Home Purchase Price untill you see the PITI - MI
Total Out of Pocket
matching or closest to your
Target Monthly House Payment​
Finally, we have the
"At A Glance"
Quick Look Charts.
Showing random purchase prices and the payments at various interest rates.
With the incomes each interest rate may require.
WE GET HOW CONFUSING EVERYTHING MAY LOOK. ITS OKAY, FEEL FREE TO USE THE CHAT ICON AND WE WILL SEND YOU YOUR OWN PRE QUALIFYING CHARTS SHOWING WHAT YOUR HOURLY INCOMES MAY AFFORD YOU WITH THE INTEREST RATE AND PAYMENT EXAMPLES, SENT TO YOU RIGHT HERE WHILE YOUR VISITING THE WEBSITE.
IF IT TAKES LONGET THAN 5 MINUTES, NEXT TIME YOU LOG BACK IN YOUR CHART WILL BE HERE WAITING FOR YOU...
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JUST INCLUDE:
*EACH BORROWER'S HOURLY INCOME FOR A 40 HOUR WORK WEEK
*EACH BORROWER's MONTHLY DEBT PAYMENTS
AND WE WILL DO THE REST FOR YOU. CREDIT IS NOT TAKEN INTO CONSIDERATION AT THIS POINT
(this is just an example estimate of what income and debts may afford a buyer)