Sarasota Real Estate
Sarasota Real Estate • Siesta Key Real Estate • Longboat Key Real Estate • Bradenton, North Port and Venice Real Estate
Mortgage Calculators

 

 

How Much Can You Afford?

How much income do you need to qualify?

How much should you put down?

About mortgages...Using ratios, a mortgage company analyzes your mortgage payment.  There is a Front Ratio (or your housing payment ratio) that compares your total mortgage payment to your monthly income.  The Back Ratio of 36% (or the total debt expense) is compared to your total monthly obligations including your total mortgage payment to your monthly income. 

These ratios are just a guide line.  A mortgage professional will be able to give you a complete prequalification analysis.

How Much Does the Loan Cost?