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Jamie Becker
REALTOR®
Cell: (574) 360-2760

Finance Your Home

How much home can you afford?

Most people have a general idea of how much they feel comfortable spending. It's equally important to know how much your lender calculates you can afford. With assistance provided by your Cressy & Everett Real Estate sales professional, you'll be able to better prepare the many details required during the financing application process.

Evaluate your financial situation as the lenders do.

Typically, your total monthly housing costs should not exceed 28 percent of your gross monthly income. Or, housing costs plus any outstanding monthly long term debt (car loans, credit card balances, etc.) should not exceed 36 percent of gross monthly income.

Ask how your lender determines the total monthly housing cost figure.

It usually includes your mortgage principal and interest payments, property taxes and hazard insurance.

Determine how much your financial institution is willing to lend you by completing our Mortgage Calculator or calling a Cressy & Everett Real Estate sales professional for help during the pre-qualification process.

Know how much you can afford in monthly payments.

Lenders factor in sales price and down payment, but place more importance on how much you can handle your monthly expenses.

Financial Calculators

Real Estate Loan

How Much House Can You Afford?

You supply your income information and we calculate how much you can afford.

CALCULATE

Mortgage Calculator

Find out how much that new home will cost!

CALCULATE

Mortgage Payment Table Calculator

See how much a home loan will cost with varying interest rates and payments on the same chart!

CALCULATE

Mortgage Qualification Calculator

See what lenders expect your minimum annual income to be in order to afford your next home.

CALCULATE

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.

CALCULATE

Schooling

Tuition Savings Calculator

See how much you need to contribute each year in order to put your children through college.

CALCULATE

Financial Planning

APR/Front End Cost Calculator

You give the upfront costs and it finds the actual Annual Percentage Rate.

CALCULATE

How Long Will It Last? - Loan Calculator

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!

CALCULATE

How Much to Retire

Here is a new simple retirement calculator. It tells how much you will need to provide a certain income for a set number of years.

CALCULATE

Loan Payment Calculator

Enter the values and we will tell you the payment. The loan can be a mortgage, car loan, or any other simple interest amortization over a fixed time with fixed monthly payments.

CALCULATE

Prepayment vs. Investment -- A Scenario

This form allows you to compare what would happen if you took one of two choices with some extra cash you have -- prepaying your mortgage each month, or investing it instead.

CALCULATE

Savings Calculator

This doesn't deal with inflation, taxes or any of that complicated stuff. This is just a simple calculator that lets you start with an amount of money and make regular monthly deposits, and see how much it grows.

CALCULATE
Note: a subscription to the Do Not Call list does not apply when requesting information from our company.

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. Information on this site was last updated 12/07/2022. The listing information on this page last changed on 12/07/2022. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MichRic (Michigan Regional Information Center) (last updated Wed 12/07/2022 5:47:07 PM EST) or GNIAR MLS (last updated Wed 12/07/2022 5:44:54 PM EST) or IRMLS (last updated Wed 12/07/2022 5:46:43 PM EST). Real estate listings held by brokerage firms other than Cressy & Everett Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --

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Agency License Information: Cressy & Everett Real Estate is licensed in the states of Indiana and Michigan.



Agent License Information: Jamie Becker is licensed to sell real estate in the state of Indiana.

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