Ok. It is possible I mislead those who answered yesterday. My calculation was based by dividing my debt (approximate) to my estimated annual income. This way shows a DTI of 0.8. However, if I calculate a DTI by dividing monthly debt payments by average monthly gross income (monthly gross income varies due to pay schedule) [...]

I would like to make a cost of living calculation related to getting a mortgage etc… so figuring out how the amount of salary paid in taxes and social security contribution each month is key. If you follow the link below, you’ll see a paycheck calculator. Be sure to select CA as the state. addthis_url [...]

Calculate the monthly payment for a $60,000 mortgage at 11% interest rate for 30 years. Use EOM (end of month). a. Less than $540.00 b. Between $540.00 and $550.00 c. Between $550.01 and $560.00 d. Between $560.01 and $570.00 e. More than $570.00 I must find this answer to answer 15 others and can not [...]

Which fees are NOT allowed to be included in the maximum mortgage calculation? Fees typically paid by the seller under local or state law, or local custom, such as real estate commissions, charges for pest inspections, fees paid for trustees to release a deed of trust, etc., are not considered contributions. addthis_url = ‘http%3A%2F%2Fwww.ucufutsal.com%2Fmortgage-calculation%2Fim-a-new-fha-processor-can-someone-please-answer-my-one-mcaw-question’; addthis_title [...]

I have an IRA which is substantial. I’ve considered using a portion of the IRA to buy some real estate, which in my area is now 20% undervalued, by my calculation. Is it legal or possible to have the IRA to have a mortgage? Put down 20, 30 or 40 percent, and then finance the [...]

I had thought I understood how the calculation of mortgage payments actually worked; now I’m not quite so sure and had thought I would give a hypothetical scenario, so that I could resolve this issue. This is how I thought calculating a mortgage payment would work. Let’s say hypothetically a home was $50,000 and I [...]

English is my third language and I still know how to use mortgage calculation tools on lender websites. Not to mention, I can use mathematic formula or spreadsheet or calculator to calculate monthly payment. I also know to ask my parents, uncles, aunts, teachers. and friends too. Still I feel that people project stupidity image [...]

My bank applied 3 months of payments to only interest and nothing went to principle. Is it because of incorrect calculation by bank? only if you agreed for a intrest only mortgage. http://www.mortgage-calculators.org/programs/programs.html addthis_url = ‘http%3A%2F%2Fwww.ucufutsal.com%2Fmortgage-calculation%2Fis-it-possible-for-my-bank-to-apply-entire-emi-mortgage-payment-to-interest-only-for-certain-months’; addthis_title = ‘Is+it+possible+for+my+bank+to+apply+entire+EMI+mortgage+payment+to+Interest+only+for+certain+months%3F’; addthis_pub = ”;

I need to find the maximum mortgage i can get from a 6.5% mortgage for 30 years. Im given this information: i make 60,000 a year i have a 40,000 trust fund i make 5,000 a month ( i did this calculation myself) and the maximum monthly payment i can make is 1,400. ( i [...]

I went to one lender’s website and ran a hypothetical mortgage calculation, and the rate they gave me was 5% but the APR was 6.2%. Then I went to another lender’s website and ran the same exact hypothetical and was given a rate of 4.875% and the APR was 4.935%. Why is the difference between [...]