SheldonTeam.com - Eastern Connecticut REALTORs "Your satisfaction is our first priority!" - Tom and Cathy Sheldon
Tom and Cathy Sheldon

How Much Can You Afford?



Let us help you find out what you can afford!

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

Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To e-mail yourself a copy of your 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:   %  


Financing Options - Lenders


 

 


1st American Home Loans, Inc.

286 Main St.
Danielson, CT 06239
Phone: 860-774-7000
FAX: 860-428-6300
Web Site: http://www.welend.net/
Keith Wilcox

 


Charter Oak Federal Credit Union

3 Boston Post Rd.
Waterford, CT 06385
Phone: 860-446-8085
Fax: 860-437-2143
Web Site: http://www.charteroak.org/charteroak/
Becky Gerrish

 


Chelsea Groton Bank

904 Poquonnock Rd.
Groton, CT 06340
Phone: 860-448-4174
FAX: 860-448-4173
http://www.chelseagroton.com/
Beth Glynn

 


Chelsea Groton Bank

904 Poquonnock Rd.
Groton, CT 06340
Phone: 860-448-4174
FAX: 860-448-4173
http://www.chelseagroton.com/
Patricia M. Rogers-Longo 

 


Citizen's Mortgage Corp.

141 Main St.
Deep River, CT 06417
Phone: 860-526-6410
FAX: 860-526-6418
Dennis Palmer

 


Connecticut Home Mortgage

310 Salem Turnpike
Norwich, CT 06360
Phone: 860-910-4770
FAX: 860-910-4771
Matthew Biggins

 


Connecticut Home Mortgage

310 Salem Turnpike
Norwich, CT 06360
Phone: 860-910-4770
FAX: 860-910-4771
JoAnn Cornell 

 


Continental Home Loan, Inc.

2323 Whitney Avenue
Hamden, CT 06518
Cell: (860) 287-1603
Fax: (203) 230-3098
Jim Ryder III

 


Countrywide Home Loans (Norwich)

113 Salem Turnpike
Norwich, CT 06360
Phone: 860-892-4744
FAX: 860-887-1331
Judy Twitty

 


Countrywide Home Loans (Southington)

738 West St.
Southington, CT 06489
Phone: 860-620-9300 x 225
FAX: 860-621-6613
Steven Grzesczyk

 


CTX Mortgage

612 Wheelers Farms Rd.
Milford, CT 06460
Phone: 800-526-2006
Fax: 203-882-5454
David Johnston

 


Diamond Mortgage Group

15 Liberty Way
Niantic, CT 06357
Phone: 860-739-8197
Fax: 739-8220
Diane DeLauro

 


Dime Bank (Norwich)

290 Salem Turnpike
Norwich, CT 06360
Phone: 860-859-4300
FAX: 860-889-7450
Karen Roman

 


Dime Bank (East Lyme)

18 Chesterfield Road
East Lyme, CT 06333
Phone: 860-739-2192
FAX: 860-739-2358
John Estelle

 


First Pioneer Farm Credit, ACA

785 Hartford Pike.
Dayville, CT 06241
Phone: 860-774-0717
FAX: 860-774-6121
James Gothreau

 


Freedom Mortgage Corporation

2080 Silas Deane Highway
Rocky Hill, CT 06067
Phone: 860-529-9878
FAX: 860-529-3145
Peter Sulick

 


Liberty Bank

55 High Street
Middletown, CT 06457
Phone: 860-344-7314
Fax: 860-344-7342
Web Site: http://www.liberty-bank.com/
Laurie Nichols

 


McCue Mortgage Company

8 Union Street
New London, CT 06320
Phone: 860-444-0650
FAX: 860-443-8108
Web Site: http://www.mccuemortgage.com/rep_philturner.htm
Phil Turner

 


Navy Federal Credit Union

24 Sailfish Dr.
Groton, CT 06340
Phone: 860-446-4260
FAX: 860- 446-4275
Deborah Ordille

 


Norcom

139 Simbsury Road
P. O. Box 1622
Avon, CT 06001
Phone: (860) 676-8003 x13
FAX: 860- 4676-9073
Cell: (860) 614-8785
Lynne Valente

 


NorthPoint Mortgage, Inc.

559 Main Street, Suite 302
Sturbridge, MA 01518
Phone: 860-4963-1262
FAX: 860- 519-0541
Rich Dinges

 


People's United Bank

4 Broadway
Norwich, CT 06360
Phone: 860-892-6390
FAX: 860-885-0781
Jane Rondeau

 


Putnam Savings Bank

125 Wauregan Rd.
P. O. Box 689
Danielson, CT 06239
Phone: 860-779-5880
FAX: 860-779-5883
Web Site: http://www.putnamsavings.com/
Linda Brule

 


Putnam Savings Bank

39 King's Highway
Gales Ferry, CT 06335
Phone: 860-464-2247
FAX: 860-886-3059
Web Site: http://www.putnambank.com/
Hope Toelken

 


Saving Institute Bank & Trust

971 Poquonnock Road
Groton, CT 06340
Phone: 860-449-8621
FAX: 860-449-6813
Liz Titus

 


SB Mortgage, Inc.

211 West Town Street
Norwich, CT 06360
Phone: 860-889-3111 x303
FAX: 860-889-3136
Leslie Robbins

 


Webster Bank

609 West Johnson Ave.
Cheshire, CT 06410
Phone: 203-271-7386
Fax: 203-271-7474
Web Site: http://www.websteronline.com/
Joanne O'Mara

 


 


Home  |  Search MLS  |  Our Listings  |  Buyers and Sellers  |  Investors  |  Towns and Cities  |  Mortgage Calculator  |  Home Evaluation  |  Service Providers  |  SheldonTeam Agents  |  Foreclosures
 

Privacy Policy  |  Site Map  |  Links  |  For Agents  |  Profile  |  Sign In

©2003-2012 The Partner Network-East Lyme