financial calculators

Determine Your Loan Amount or Mortgage Payments Right Now!

Three different calculations for you to use:

1. Maximum Allowable Monthly Payment & Home Purchase Price

3. Sophisticated, Graphically Based Amortization Mortgage Calculator

The first two calculators work with any Java Script enabled web browser. The third calculator requires a java enabled browser.

Be sure to check out our new Java based, amortization mortgage calculator. It's graphically based, easy to use and filled with great information.

1. Maximum Allowable Monthly Payment & Home Purchase Price

This calculation will calculate both your maximum monthly mortgage payment and the maximum purchase price of your home based on the numbers you input. Lenders typically allow the lessor of these two calculations as your Maximum Monthly Expense:

a) 28% of your monthly gross income, or
b) 36% of your monthly gross income less any long term obligations.

INPUTS

Annual Gross Income:

Monthly Long Term Obligations		Mortgage Information
Child Care	$	Down Payment:	$
Association Dues	$	Annual Interest Rate:	%
Autos	$	Number Years:	yrs
Other	$

ANSWERS

Maximum Monthly
Mortgage Payment:
$

Maximum
Purchase Price
$

2. Monthly Mortgage Payments
Here's a calculator to determine your monthly payment based on the purchase price and other loan information.

INPUTS
Purchase Price: $	Down Payment: $
Annual Interest Rate: %	Number of Years: yrs
ANSWERS
Monthly Payment Before Taxes and Insurance: $ per month
Monthly Payment After Estimated Taxes and Insurance: $ per month

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Service area is Auglaize and Shelby counties, and the townships of Mercer county, Franklin township, and the east half of Grandville.