If you are renting you could be costing yourself hundreds
of dollars a year. Check out our calculators
to see the financial benefits of home ownership.
Not everyone is sitting on a bundle of cash for a down
payment. We have great low down payment and zero down
payment options.
If you are new to the mortgage process and just
don’t know if taking the next step to buying a home is
in order, Financial Partners has developed a quick calculator
to determine if homeownership and taking on a mortgage is
right for you.
Simply fill out the fields below and your mortgage ratios
will be calculated for you. Both your Financial Partners and
your mortgage company will use similar calculations to find
the mortgage that is just right for your specific needs.
These calculators determine three ratios call the Housing
ratio, the Loan-to-Value (LTV) Ratio, and the Debt Ratio.
Using the calculator
All you need to do is fill out the fields below and your
critical information will calculate for you. The number of
payments field is the total number of payments you will make
on your mortgage. Depending on the terms of the loan, your
payments will probably either 180 payments (15 year mortgage
15x12) or 360 payments for a 30 year mortgage (30x12).
After that just fill out the rest of the information including
the interest rate, purchase price and personal information
like your gross monthly income and monthly expenses.
