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GAINESVILLE FLORIDA HOMES |
"YOUR EYE ON THE REAL ESTATE MARKET" |
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How Much Can You Afford?
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Our mortgage calculator will determine your monthly payment amount to help you pre-qualify for an affordable home loan.
Complete the following fields below:
" Cost of Home", "Down Payment", and "Monthly Income".
Then click "Calculate Now".
To view the different results of your calculation, click on the various tabs.
To e-mail yourself a copy of your results, click the "Receive this Detailed Analysis" link. |
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Required
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Optional
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Results
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Receive this Detailed Analysis
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Your Monthly Payments
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| Loan Amount: |
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| Loan Insurance (
%): |
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| Total Loan(Mortgage) Amount: |
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| Principal & Interest: |
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| Homeowners Insurance: |
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| Property Taxes: |
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| Condo Fees: |
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| Monthly Loan Insurance (%): |
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| Total Monthly Payment: |
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| Income Needed to Qualify for the Mortgage |
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| Total Monthly Loan Payment: |
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| Total Monthly Debt Payment: |
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| Monthly Loan Insurance (%): |
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| Qualifying Income of
% GDS Ratio: |
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| Qualifying Income of % TDS Ratio: |
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| What You Can Afford |
| We are using the % ratio.
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| Cost of House: |
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| Down Payment: |
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| Loan Value: |
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| Monthly Principal & Interest: |
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| Monthly Insurance: |
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| Monthly Property Tax: |
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| Monthly Condo Fees: |
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| Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate) |
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WARNING to BORROWERS (Buyers) who have applied for or have been approved for a mortgage loan and are waiting for their closing to occur.
Your lender (bank, credit union, or mortgage company) will most likely order a second FULL CREDIT REPORT immediately before your closing.
If you have APPLIED for ANY TYPE OF (new) CREDIT (new credit card, home equity loan or line of credit, furniture, appliances, equipment, repairs, clothing, car, truck, vacation, landscaping, ANYTHING) or EXTEND or INCREASE YOUR EXISTING CREDIT your closing could be seriously delayed or cancelled.
Your lender will check your debt-to-income ratio and how your new credit or debt situation affects your loan approval. Your mortgage could be unapproved and cancelled thereby preventing your home purchase to close.
So, from the time of loan application to after your closing, DON'T EVEN THINK ABOUT BUYING OR ORDERING ANYTHING ON ANY KIND OF CREDIT.
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LENDERS: Banks and Mortgage Companies
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Email Mark Cohen at Eyemark Realty
Mark Cohen, Broker
EYEMARK REALTY, INC.
www.GainesvilleFloridaHomes.com
Gainesville, FL 32653
352-373-3783 Office 352-222-5609 Cell
DISCLAIMER: Eyemark Realty, Inc. has no control over the nature, content, and availability of websites, companies, organizations, or persons whose links (text and banner) appear on this website. Therefore, Eyemark Realty, Inc. makes no express or implied warranties or representations of fitness, suitability, merchantability, performance, usage, accuracy, or non-infringement with respect to websites, companies, organizations, or persons whose links appear on this website or to any information, products, or services shown, offered, or sold on or by them.
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©2003-2012 Eyemark Realty, Inc.
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