Atlanta, Decatur and Buckhead real estate and homes for sale in Georgia, Morningside Area, Virginia Highland Area - The Zac Team, REALTORS® The Zac Team REALTORS(r) for Atlanta, Decatur and Buckhead, Georgia real estate, Morningside Area, Virginia Highland Area - NUMBER1EXPERTS™ The Zac Team NUMBER1EXPERTS(tm) for Atlanta, Decatur and Buckhead, Georgia real estate, Morningside Area, Virginia Highland Area
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Ready to sell your Atlanta home? Starting your home search? Our Zac Team real estate agents will help you navigate the housing market! 404.564.7200.


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Mortgage Calculators: Atlanta, Decatur and Buckhead Georgia home buying, real estate listings, and homes for sale in Fulton DeKalb County, GA
Welcome > Resources > Mortgage Calculators > How Much Can You Afford? ...


The Best Mortgage Calculators On the Web! 

Please try our 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.




The Zac Team, REALTOR®, real estate agents and broker for Atlanta, Decatur and Buckhead Georgia home listings, property and land for sale - NUMBER1EXPERT(tm)

The Zac Team
Ponce Realty

1057 Ponce de Leon Avenue
Atlanta, GA
30306
Phone: 404.564.7200
Toll-free: 800.510.1884
Fax: 404.564.7201
The Zac Team: mlsinatlanta@zac.biz
Zac's email: sold@zac.biz

In May of 1979, a young, mustached man sat down to take an exam that would set him on the road to mastering the art of Atlanta Intown real estate. In 1993, after several years with Coldwell Banker and then as the owner of the RE/MAX Intown franchise, Zac Pasmanick realized that he could provide the ultimate real estate service by working with his own small team of professionals instead of working solo. So Zac gathered his energy, his reserves, and a small team of 4 people and opened the doors to The Zac Team. From their small office on Piedmont Road, The Zac Team’s professional agents set to work perfecting the home selling and buying process.

In 1995, the “Zac Did It Again!” signs made their first debut on homes in Morningside and Virginia Highland. The current incarnation of The Zac Report soon followed - forever changing the face of Atlanta Intown real estate. Between his involvement in the local community and his strong marketing and branding strategies, hardly anyone can live inside 285 and not know of Zac.

As Zac and his team expanded, so did the number of families served and the need for a larger, better space to serve clients became more apparent. So Zac ventured two miles from his home base in Morningside to find the team’s new home on the border of Virginia Highland and Poncey-Highland. Since 2004, this convenient location on Ponce De Leon Avenue right next to the Majestic Diner has pleased both Zac Team clients and members with its top notch customer service.

On June 24th, 2010, Zac revolutionized the face of Atlanta real estate yet again. After 25 rewarding years with RE/MAX, Zac reopened his doors under his own, new brokerage Ponce Realty. As the Broker for Ponce Realty, Zac offers training, expertise, and a virtual office for REALTORS located across metro Atlanta and, as the team leader for The Zac Team @ Ponce Realty, Zac assists home sellers and buyers within his specialty – the intown Atlanta neighborhoods.

Today, Ponce Realty’s outstanding agents continue to set the standard for customer service in the real estate industry. While the many awards and accolades that Zac has received throughout the years show nicely, what speaks louder than words is the delightfulness of our past clients and the more than 4,000 happy homes we have helped people buy and sell over the years. From luxury homes to short sales, Ponce Realty has the knowledge and experience to help you navigate this complicated world of real estate.

Zac’s designations include Certified Distressed Property Expert (CDPE), Certified Residential Specialist (CRB), Certified Residential Brokerage (CRB), GRI, Life Member Atlanta Board of Realtors' Million Dollar Club, Five Star Professional Foreclosure REO (Real Estate Owned) Specialist, and Short Sale Specialist.

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