Las Vegas, Centennial Hills and Summerlin real estate and homes for sale in Nevada, Southwest Golf Communities, Northwest Golf Communities - Honey L.D. Borla & Associates, REALTOR® Honey L.D. Borla & Associates REALTOR(r) for Las Vegas, Centennial Hills and Summerlin, Nevada real estateSouthwest Golf Communities, Northwest Golf Communities - NUMBER1EXPERT™ Honey L.D. Borla & Associates NUMBER1EXPERT(tm) for Las Vegas, Centennial Hills and Summerlin, Nevada real estateSouthwest Golf Communities, Northwest Golf Communities
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Honey L.D. Borla & Associates, REALTOR®, real estate agent and broker for Las Vegas, Centennial Hills and Summerlin Nevada home listings, property and land for sale - NUMBER1EXPERT(tm)
All agents are NOT alike! Find out why I am a top real estate expert. Call me: 888-245-4225.


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Mortgage Calculators: Las Vegas, Centennial Hills and Summerlin Nevada home buying, real estate listings, and homes for sale in Clark County, NV
Welcome > Resources > Mortgage Calculators > Your Income ...


The Best Mortgage Calculators On the Web! 

Please try my Java loan and mortgage calculators. They take a minute to load, but they are worth it! 

Each calculator has dynamic graphs and charts that change - right before your eyes - as you enter different information. Try each calculator with different interest rates, loan amounts, and payment schedules. 

The mortgage repayment schedule and other reports are fully customizable - just for your home, your interest rate, your loan amount, your taxes, and more. 

Would you like a print out, for your records and future reference? Each calculator includes a View Report button. Click it, hit print, and you have a report, customized just for you... 

How Much Should Your Income Be?

What income is required to qualify for a mortgage? That largely depends on your monthly debt payments and the current interest rate. This calculator collects these important variables and determines your required income to qualify for your desired mortgage amount.

This Financial Calculator requires a Browser with Java Support



Definitions

Desired mortgage amount
The total loan amount you are looking to qualify for.

Monthly housing expenses
Your monthly houses expenses from the housing expenses worksheet. The items entered as housing expenses make up the taxes and insurance portion of your monthly PITI payment.

Monthly liabilities
Your monthly liabilities from the liabilities worksheet. Your monthly liabilities are used to calculate your maximum PITI.

Monthly housing payment (PITI)
This is your total Principal, Interest, Tax and Insurance (PITI) payment per month. This includes your principal, interest, real estate taxes, hazard insurance, association dues or fees and principal mortgage insurance (PMI). Maximum monthly payment (PITI) is calculated by taking the lower of these two calculations:

  1. Monthly Income X 28% = monthly PITI
  2. Monthly Income X 36% - Other loan payments = monthly PITI

Maximum principal and interest (PI)
This is your maximum monthly principal and interest payment. It is calculated by subtracting your monthly taxes and insurance from your monthly PITI payment. This calculator uses your maximum PI payment to determine the mortgage amount that you could qualify for.

Start interest rates at
The current interest rate you could receive on your mortgage. This is used as the starting point for displaying a range of interest rates and the resulting mortgage amount.

Term in years
The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.

The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.




Honey L.D. Borla & Associates, REALTOR®, real estate agent and broker for Las Vegas, Centennial Hills and Summerlin Nevada home listings, property and land for sale - NUMBER1EXPERT(tm)

Honey L.D. Borla: Broker-Manager
Honey LD Borla & Associates - ERA Town & Country

9691 Trailwood Drive Ste 106
Las Vegas, NV 89134
Office: 702-796-8696
Direct: 702-860-5574
Fax: 866-468-0335
Email: Honey.Borla@ERA.com

As the group leader, trainer, and driving force of the Honey Borla Group, Honey manages the group operations, as well as creates and designs innovative marketing and customer service strategies. With 19 years of experience, including 5 years as a lender, Honey is currently in her 4th year as a Director for the Greater Las Vegas Association of Realtors and as State Director for the Nevada State Association of Realtors. Honey is a former By-laws Chair and, for the past 8 years, has provided her experience by being a member of the Professional Standards committee of the Greater Las Vegas Association. In 2004, Honey served as the state president for CRS, (Certified Residential Specialist). This national organization has a membership of approximately 140,000. This designation is comparable to holding a Master’s degree in Real Estate. Honey is serving currently as the local chapter president of this organization.

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