I feel you! You can highlight your mouse over any of the numbers that you have to enter and type your desired amount. We do the same, Your welcome. 

The mortgage calculator is using a rate to derive payments based on default inputs. As a result the rate may not be accurate. Unlike most online calculators, this one allows you to use actual available rates based on your input. 

For this reason, we like to start with the advanced button. After clicking on the Advanced button, you should enter the potential value or purchase price, down payment, estimated property tax amount, estimated HOA dues, estimated monthly insurance, your estimated credit score, desired loan term, loan type and highlight a rate that your want to calculate the payment at. The calculator will show your full payment with live rates! Simply awesome...

Enter your annual income, your minimum monthly debt payments, your down payment amount, estimated monthly property taxes, monthly  home owners insurance and the calculator will provide you with "how much house" you can afford.

(See other FAQ on accuracy).

Yes, its super conservative and meant for planning purposes only. The most conservative of loan programs, such as USDA loan, allow higher ratios than the calculator uses when determining the purchase price.  The tech is provided by a third party company. It seems to be calculating the purchase price off of a 25% housing ratio and a 32% debt ratio. Just as an example, there are programs that allow up to 47% housing ratios and a 56.99% debt ratio.

Jusst Give us a call, let a "Loan Expert" do this for you over the phone. There is never any pressure or obligation.

Use the minimum monthly payments you make to your credit cards, line of credit payments, car payments, personal loan payments, other mortgage payments, monthly tax/ins/HOA dues (for other properties that are not already included in your other mortgage payments). Also use actual student loan payments. If student loans are in deferment, you should use half of one percent of the balance as a payment. (This can vary by program). If you are using Klarna, Affirm or any other pay as you go, make sure to use the minimum monthly payments from them as well. Lastly, make sure to factor in child support payments if applicable.  

The good news if you pay taxes on it and its likely to continue, we can likely use it for qualification. Enter the gross annual income before taxes. The bad news is if you have unconventional income or if you are self-employed, its likely we will have to calculate the income for you and let you know. "Contact Us",  Its likely that one of our "Loan Experts" is available. 

Yes, but there is a but. The actual final PMI is determined once your loan is finished in underwriting. This is because, aside from your down payment, loan amount, down payment percentage and location, your final income and debt ratios as calculated by the underwriter approving your loan is also a factor. The PMI in the calculator is being pulled from one of the major PMI companies. The underwriter will get a quote from all of the major companies they work with  once all of the above is verified and signed off on. It could be slightly higher or lower but for the purposes of the calculator, its close.

It is expected that you will enter the monthly insurance and property taxes into the calculator for the best results.