South Metro Atlanta, Fayetteville and Peachtree City real estate and homes for sale in Georgia - The Leslie Edwards Team, REALTORS® The Leslie Edwards Team REALTORS(r) for South Metro Atlanta, Fayetteville and Peachtree City, Georgia real estate - NUMBER1EXPERTS™ The Leslie Edwards Team NUMBER1EXPERTS(tm) for South Metro Atlanta, Fayetteville and Peachtree City, Georgia real estate
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The Leslie Edwards Team, REALTOR®, real estate agents and broker for South Metro Atlanta, Fayetteville and Peachtree City Georgia home listings, property and land for sale - NUMBER1EXPERT(tm)
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Mortgage Calculators: South Metro Atlanta, Fayetteville and Peachtree City Georgia home buying, real estate listings, and homes for sale in Fayette County, GA
Welcome > Resources > Mortgage Calculators > Your Income ...


The Best Mortgage Calculators On the Web! 

Please try our Java loan and mortgage calculators. They take a minute to load, but they are worth it! 

Each calculator has dynamic graphs and charts that change - right before your eyes - as you enter different information. Try each calculator with different interest rates, loan amounts, and payment schedules. 

The mortgage repayment schedule and other reports are fully customizable - just for your home, your interest rate, your loan amount, your taxes, and more. 

Would you like a print out, for your records and future reference? Each calculator includes a View Report button. Click it, hit print, and you have a report, customized just for you... 

How Much Should Your Income Be?

What income is required to qualify for a mortgage? That largely depends on your monthly debt payments and the current interest rate. This calculator collects these important variables and determines your required income to qualify for your desired mortgage amount.

This Financial Calculator requires a Browser with Java Support



Definitions

Desired mortgage amount
The total loan amount you are looking to qualify for.

Monthly housing expenses
Your monthly houses expenses from the housing expenses worksheet. The items entered as housing expenses make up the taxes and insurance portion of your monthly PITI payment.

Monthly liabilities
Your monthly liabilities from the liabilities worksheet. Your monthly liabilities are used to calculate your maximum PITI.

Monthly housing payment (PITI)
This is your total Principal, Interest, Tax and Insurance (PITI) payment per month. This includes your principal, interest, real estate taxes, hazard insurance, association dues or fees and principal mortgage insurance (PMI). Maximum monthly payment (PITI) is calculated by taking the lower of these two calculations:

  1. Monthly Income X 28% = monthly PITI
  2. Monthly Income X 36% - Other loan payments = monthly PITI

Maximum principal and interest (PI)
This is your maximum monthly principal and interest payment. It is calculated by subtracting your monthly taxes and insurance from your monthly PITI payment. This calculator uses your maximum PI payment to determine the mortgage amount that you could qualify for.

Start interest rates at
The current interest rate you could receive on your mortgage. This is used as the starting point for displaying a range of interest rates and the resulting mortgage amount.

Term in years
The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.

The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.




The Leslie Edwards Team, REALTOR®, real estate agents and broker for South Metro Atlanta, Fayetteville and Peachtree City Georgia home listings, property and land for sale - NUMBER1EXPERT(tm)

The Leslie Edwards Team
RE/MAX Advantage

1119 Hwy 54 West
Fayetteville, GA. 30214
Phone: 770-460-9448
Toll Free: 800-404-9448
Fax: 770-460-0739
Email: leslieedwards@NUMBER1EXPERT.com

Leslie Edwards is arguably the most well known real estate agent in south metro Atlanta. Highly successful for over 25 years, Edwards has built a strong reputation for getting the job done. Her straightforward approach to business and to life is just one of the things that make her stand out among hundreds of licensed agents in the south metro Atlanta market. Leslie and her Team of dedicated professionals serve south metro countries of Fayette, Henry, Clayton, Coweta and South Fulton. Cities include Fayetteville, Peachtree City, Tyrone, Brooks, McDonough, Stockbridge, Locust Grove, Hampton, Jonesboro, Newman, Senoia, Fairburn, College Park and East point. They serve relocations in and out of Ft. Gillem, Ft. MacPherson and the Atlanta International Airport. Believing that education is the key to her success, Leslie Edwards holds three advanced degree designations, Graduate of the Realtor Institute, Accredited Buyer Representative and Certified Residential Specialist. She attends numerous conferences each year to strengthen her already legendary negotiating skills and to constantly improve her already exceptional service. A pioneer of the Team Concept, Leslie has surrounded herself with some of the brightest minds in the business. Trust your largest single investment to Leslie Edwards Team. Remember, it doesn’t cost any more to use the best. It may even cost less.

ABRCRSEqual HousingGRIMLSREALTOR


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