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Freddie Kirker

Calculators



Our calculators will help you determine loan amounts, mortgage qualification, affordability or whether you should be renting or buying.

Complete the fields below and click Calculate Now. To view the results of each calculation, click on the various tabs.  To email yourself a copy of the results, click the Receive this Detailed Analysis link.

 
Required
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
0.43%of Cost
Annual Property Tax:  $  
1.2%of Cost
Monthly Income:  $
Monthly Debt:  $
Optional
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $

Results
  Receive this Detailed Analysis


Your Monthly Payments
 
Loan Amount:    
Loan Insurance ( %):
Total Loan(Mortgage) Amount:
 
Principal & Interest:    
Homeowners Insurance:    
Property Taxes:    
Condo Fees:    
Monthly Loan Insurance (%):    
Total Monthly Payment:    
 
Income Needed to Qualify for the Mortgage
 
Total Monthly Loan Payment:  
Total Monthly Debt Payment:  
Monthly Loan Insurance (%):  
Qualifying Income of % GDS Ratio:  
Qualifying Income of % TDS Ratio:  
 
What You Can Afford
We are using the % ratio.
Cost of House:  
Down Payment:  
Loan Value:  
Monthly Principal & Interest:  
Monthly Insurance:  
Monthly Property Tax:  
Monthly Condo Fees:  
 
Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate)
Monthly Rent: $
  No. of Years you plan on keeping the home:
Annual Rental Increases:   %   Yearly Appreciation on the Home: %
Monthly Renter Insurance: $   Annual Home Maintenance: %
Savings or Investment Rate:   %  


MORTGAGE DAILY NEWS



Mortgage Rates Update
Daily Update: Mortgage Rates Improve But Remain On Fence Between Recent Offerings2/22/2012 4:19 PM
Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.92 3.93 -0.01%
15 Yr FRM 3.28 3.29 -0.01%
FHA 30 Year 3.75 3.75 0.00%
Jumbo 30 Year 4.17 4.18 -0.01%
5/1 Yr ARM 3.02 3.03 -0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 2/22/12 4:06 PM
Feb 22, 2012 4:07PM

Mortgage Rates Improve But Remain On Fence Between Recent Offerings

Yesterday marked the first time since late January that Best-Execution Mortgages Rates stood at 4.0% on average, as opposed to what had been the prevailing average of 3.875%. Rates improved today for most lenders, several of whom once again are offering 3.875% as a "best-execution rate" (learn more about what that means in this previous post with more detailed discussion about Best-Execution calculations ). But a significant portion of the market remains in 4.0% territory. Best-Execution is very...

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Daily Update: Best-Execution Mortgage Rates Rise For First Time in a Month2/21/2012 4:20 PM
Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.93 3.90 0.03%
15 Yr FRM 3.29 3.26 0.03%
FHA 30 Year 3.75 3.75 0.00%
Jumbo 30 Year 4.18 4.15 0.03%
5/1 Yr ARM 3.03 3.00 0.03%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 2/21/12 3:31 PM
Feb 21, 2012 3:31PM

Best-Execution Mortgage Rates Rise For First Time in a Month

For the first time since late January, Best-Execution Mortgages Rates moved back to 4.0%. Over the past month, the rate averaged 3.875% despite plenty of fluctuations in terms of closing costs. Friday's weakness brought the average of the lenders we survey as close to the 4.0% mark and today's weakness in the bond markets resulted in more lenders offering 4.0% as a best-execution rate, although 3.875% remains at a few of the more aggressively-priced lenders. Additional reading: A previous post with...

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Daily Update: Mortgage Rates Turn Higher Following Data, Greece Headlines2/16/2012 5:15 PM
Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.88 3.85 0.03%
15 Yr FRM 3.25 3.23 0.02%
FHA 30 Year 3.75 3.75 0.00%
Jumbo 30 Year 4.14 4.10 0.04%
5/1 Yr ARM 3.02 3.01 0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 2/16/12 2:54 PM
Feb 16, 2012 2:55PM

Mortgage Rates Turn Higher Following Data, Greece Headlines

Mortgages Rates reversed a recent trend of gradual improvement, moving higher today after a better-than-expected read on employment from this morning's Jobless Claims report as well as news that the ECB will swap out their Greek government bonds this weekend. 30yr Fixed Conventional Best-Execution Rates continue to operate in 3.875% territory on average, and the closing costs associated with those rates had been nearing the lower end of their historical range. While 3.875% Best-Execution remains...

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Daily Update: Mortgage Rates Continue to See Minor Improvements2/15/2012 4:59 PM
Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.85 3.86 -0.01%
15 Yr FRM 3.23 3.24 -0.01%
FHA 30 Year 3.75 3.75 0.00%
Jumbo 30 Year 4.10 4.11 -0.01%
5/1 Yr ARM 3.01 3.01 0.00%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 2/15/12 3:08 PM
Feb 15, 2012 3:08PM

Mortgage Rates Continue to See Minor Improvements

Mortgages Rates improved again today as domestic economic data failed to inspire markets to move in either direction and optimism over today's conference call between Greece and its creditors deteriorated. In general, economic optimism tends to coincide with interest rates moving higher. Mortgage rates began the week fighting back against this generality as anticipation for today's conference call weighed on bond markets and MBS (the "mortgage-backed-securities" that most directly influence mortgage...

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Daily Update: Mortgage Rates Improve on Weak Data, Greece Jitters2/14/2012 4:51 PM
Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.86 3.89 -0.03%
15 Yr FRM 3.24 3.25 -0.01%
FHA 30 Year 3.75 3.75 0.00%
Jumbo 30 Year 4.11 4.12 -0.01%
5/1 Yr ARM 3.01 3.02 -0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 2/14/12 2:58 PM
Feb 14, 2012 3:06PM

Mortgage Rates Improve on Weak Data, Greece Jitters

Mortgages Rates are somewhat improved today after holding relatively steady to begin the week. In the underlying markets MBS (the "mortgage-backed-securities" that most directly influence mortgage rates) rose to their best levels since last Thursday after today's Retail Sales figures showed slower than expected consumer spending. When MBS prices rise, interest rates fall (although it should be noted this isn't always a linear or immediate relationship, but it is generally true over time). Today's...

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Contacts


Freddie Kirker
 
Freddie Kirker
Email Freddie
 
Phone: 623-692-7668
Business: 623-695-0122
Cell: 623-695-0122
Fax: 866-924-1606
City: SURPRISE
State: Arizona 85374
Country: United States

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