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WE offer you a variety of calculators to help you find out how much house you can afford. These Calculators enable you to perform a variety of "what-if analyses" to see how various changes to your income, liabilities, and available funds affect your buying power. Mortgage Calculator This calculator is different from the normal type of Mortgage Calculator in that it has 4 Calculate buttons instead of the 1 calculate button found on most Mortgage calculators, this lets you explore the outcome of changes to your loan balance, mortgage term, and interest rate and your monthly payment in any order. Affordability calculator This calculator allows you to see approximately how much money a lending institution will lend you, based on your income and your debts. These calculations are based on the industry standard debt to income ratio; However I suggest you add 2 % points to the current interest rate for a more accurate outcome (as most lending institutions do.) Amortization Calculator This calculator will enable you to calculate approximately how much you still own on any current loan, how much you will owe on any loan at any given time. To use enter your loan amount, Interest Rate and length of loan then by the month scale you can find out your balance. Stamp Duty Calculator This calculator will enable you to calculate the stamp duty and other State Taxes you will have to pay on the purchase of your new home. Note: We cannot guarantee the accuracy of these Calculators. You should check with your finance provider before entering into any contracts. |