Beaufort real estate and homes for sale in South Carolina - Maureen Corbin-Cooley, REALTOR® Maureen Corbin-Cooley REALTOR(r) for Beaufort, South Carolina real estate - NUMBER1EXPERT™ Maureen Corbin-Cooley NUMBER1EXPERT(tm) for Beaufort, South Carolina real estate

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Maureen Corbin-Cooley, REALTOR®, real estate agent and broker for Beaufort South Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)
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Mortgage Calculators: Beaufort South Carolina home buying, real estate listings, and homes for sale in Beaufort County, SC
Welcome > Resources > Mortgage Calculators > How Much Can You Afford? ...


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. Each financial calculator also includes a View Report option. The mortgage repayment schedule and other reports are fully customizable. These reports are designed for you to print out and keep... 

How Much Can You Afford?

The first step in buying a house is determining your budget. This calculator steps you through the process of finding out how much you can borrow. Fill in the entry fields and click on the "View Report" button to see a complete amortization schedule of your mortgage payments.

This Financial Calculator requires a Browser with Java Support


Definitions

Annual income
Your annual income before taxes. For married couples this is your total combined annual income before taxes.

Purchase price
The price of the home you wish to purchase. This is the actual price you'll pay, not including any closing costs.

Total monthly payment
Total monthly payment that you can qualify for. This is the total of principal, interest, taxes and insurance paid each month. Often called PITI.

Cash on hand
Cash you have for the down payment and all closing costs.

Interest rate
The current annual interest rate you can receive on your mortgage.

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.

Property tax rate
Your property tax rate. 1% for a $100,000 home equals $1,000 per year in property taxes.

Home insurance rate
Your homeowner's insurance rate. 0.5% for a $100,000 home equals $500 per year for homeowner's insurance.

Monthly car payment(s)
Total monthly payment for your car loan(s).

Credit card payments
Total monthly minimum payments for your credit cards.

Other loan payments
Any other installment loan payments, such as student loans or unsecured loans.

Total closing costs
Total upfront costs to close your loan. This is the total of your loan origination fee, points paid and other closing costs.

Loan origination rate
The percentage the lending institution charges for its origination fee. 1% for a $100,000 home equals $1,000.

Number of points paid
The total number of points paid to reduce the interest rate of your mortgage. Each point costs 1% of your mortgage balance.

Other closing costs
Estimate of all other closing costs for this loan. This should include filing fees, appraiser fees and any other miscellaneous fees paid.

Monthly PMI payment
Monthly cost of Principal Mortgage Insurance (PMI). For loans secured with less than 20% down, PMI is estimated at 0.5% of your loan balance each year. Monthly PMI is calculated by multiplying your starting loan balance by this percent and dividing by 12. When the equity in your home exceeds the percentage required for PMI, your PMI payment drops to zero. Please note that this is only an estimate of your actual PMI. The amount you may be required to pay may be higher or lower than our estimate.

Monthly PI payment
Monthly principal and interest payment.

Total for down payment
Total funds remaining, after closing costs, for down payment.

Limit down payment
Limit your down payment to percentage required to eliminate the need for PMI payments. Even if you have more cash on hand than required for closing costs checking this box will limit your down payment to the minimum amount required to forego PMI.

Show schedule by month
Display the payment schedule by month when you press the "View Report" button.

Show schedule by year
Display the payment schedule by year when you press the "View Report" button.

Total annual income debt percentage
Not shown. This is the percentage of your annual income your financial institution allows you to use for debt installment payments. This includes car payments, credit card payments, other loan payments and your "Principal, Interest, Tax and Insurance" payment for your home. The default rate is 36%.

PITI annual income percentage
Not shown. This is the percentage of your annual income your financial institution allows you to use for your "Principal, Interest, Tax and Insurance" payment for your home. The default rate is 28%.

Qualify amount
Shown as "Total monthly payment." This is the total amount you qualify for per month. This amount is the total of "Principal, Interest, Tax and Insurance" for your home.

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.




Maureen Corbin-Cooley, REALTOR®, real estate agent and broker for Beaufort South Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

Maureen Corbin-Cooley
Corbin-Cooley Realty

322 Westbrook Road
Dataw Island, SC 29920
Phone: 843 838 1234
Fax: 843 838 7777
Mobile: 843 812 5435
Email: maureencooley@NUMBER1EXPERT.com

Maureen grew up in a Navy family. After graduating from Massachusetts General Hospital School of Nursing, Boston University, and California State University Hayward, she and her husband spent most of their careers working for the U.S. government in Europe. Maureen’s final assignment was in Beaufort where she and Bill fell in love with the low country and decided “this was the place”.

When Maureen retired from government service, she immediately pursued a career in real estate. Within two years she earned three special designations, GRI, CRS and ABR, and launched into a successful career in record time. Her long hours of study and hard work paid off in a loyal clientele and a reputation as an honest, friendly, and hardworking realtor.

Maureen works as hard for the little guy as she does for her high-end clients, believing earnestly that everyone deserves the best, and everyone is important to her. As an experienced realtor, she knows the inventory, knows the town, and knows the best people to get the best results for her clients. Maureen leaves no stone unturned when working for her clients and always pays close attention to her clients’ requirements as well as their desires. She is tireless in her efforts to find her buyers just the right house and to get her sellers the best possible price. She communicates frequently with her clients and above all else listens to their requests.

Maureen loves her work. She has a wide range of friends and acquaintances stemming from her church work, membership in Rotary, Beaufort chorale, kayaking groups, and swimming club. In addition she is a devoted wife and mother, an avid reader, an enthusiastic swimmer, and a “sometime” golfer.

Call her if you have any real estate needs. She will be pleased to answer questions, set up appointments, and make suggestions where needed. Maureen says “people are her first priority”. Depend on it and give her a call.

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