Calculator

The mortgage calculator you see below may look a little intimidating at first. The questions seem to go on and on! But take a closer look, and you'll see that you'll find these answers easily and quickly. You're being asked about things which really do affect how much money you can afford to borrow. That's because when you get a mortgage, your other bills don't stop. You still have financial obligations other than your monthly mortgage payment, so why not include these outside costs when you are calculating your mortgage finances?

Not only are outside costs considered here, but also reserve money that every household should have, in case of emergency or disaster. We're talking replacement value here, for your home, should disaster strike. Our mortgage calculator is rich with formulas and it takes into account your real-life situation. Taking the extra minute is worth it, because you want to know as much as you can about this important step in your life.

1.	What is your monthly income right now?	$
2.	How much will your new home cost?	$
3.	How much money do you have in savings, that you can spend on the new house and related costs immediately (this is your disposable savings)?	$
4.	How much money would it be to replace the new house if there were a disaster?	$
5.	If you've already been approved for a mortgage, how much have you been approved for?	$
7.	What is the interest rate?	%
8.	What's the time period (how many years is the loan)?	years
9.	What appliances will you need to buy before you can comfortably live in your new home?	Washing Machine Dryer Refrigerator Oven Dishwasher Small Kitchen Appliances (blender, toaster, microwave, etc.)
10.	If repairs have to be done on your new home right away, what's the ballpark figure on the cost?	$
11.	Are you going to need to rent a moving van or a truck?	We're doing it ourselves Small U-Haul Truck Large U-Haul Truck Small Moving Van (plus moving team) Large Moving Truck (plus moving team)
12.	How much are you going to spend on furniture for your new home?	$
13.	Do you have any lease or rent obligations that you need to keep paying even after moving into the new home?	$ / month for more months
14.	How cold does it get in wintertime?	degrees Fahrenheit
15.	How hot does it get in summer?	degrees Fahrenheit
16.	How big is the new house?	sq. feet
17.	How much rain is there in the area of your new home?	Not much Some A good amount
18.	What kind of heating system does the new home have?	Electric Gas Wood Stove Oil
19.	How many years has the water heater been around?	years
20.	How about the furnace?	years
21.	Has the home been inspected yet?	No Yes
22.	Choose a nickname for this home. It will be shown near the top of this calculator report so that when you print, you can easily tell it from other reports.

This script provided courtesy of www.My-House-Home-Repair.com