Marco Island Real Estate Calculators

PRICE RANGE
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PROPERTY TYPE
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BEDROOMS AND BATHROOMS
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CALCULATOR DIRECTORY

Real Estate Calculators

These calculators are for you to use at your own discretion and you are cautioned and warned to seek advice from certified public accountants or other professionals in all financial matters. This website is not responsible for decisions based on this data. These calculators are not intended to replace professionals in the fields necessary for real estate purchases including but not limited to licensed attorneys, accountants and ?Realtors ETC Now that we made our attorneys happy.. GO USE EM! .

Mortgage Payment Calculator

What will your monthly mortgage payment be?In the market for a new home? Find out how much you?re likely to shell out each month for a new address.

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How Much Home Can I Afford?

To arrive at an "affordable" home price, we followed the guidelines of most lenders. We've allowed a total debt-to-income ratio of no more than 36%. And we have assumed a housing payment-to-income ratio of 28% for our conservative estimate, and 33% for the aggressive one. Before buying, however, you should also factor in other savings needs, including retirement and college.

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Renovation Wizard - Should You Remodel?

Will it be worth it to remodel that room? Using this wizard, you can find out what percentage of return you can expect to get back from remodeling a room!

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Refinance Calculator - Should You Refinance?

KNOWING EXACTLY when is the perfect time to refinace would require a bit of psychic ability on your part. That's why many experts say if you find a good deal that saves you a significant amount of money, it's probably not worth trying to beat it by predicting mortgage-rate moves.

So what rate would you need before refinancing makes sense? That's what this worksheet is designed to tell you. One thing to keep in mind, though: The interest rate isn't the only thing to consider when shopping for a new loan. Refinancing, after all, isn't free. There are the bank fees, the bills for a new appraisal and inspection, your lawyer's fee ? you name it. This worksheet will help you figure out how much you'll save on your monthly payments with a lower rate and how long it will take, given those savings, to repay the cost of getting a new loan.

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Prepayment Calculator - Should You Prepay?

YOU'VE GOT SOME EXTRA CASH? Should you invest it or use it to pay down your mortgage? Look at it this way: When you prepay part of your mortgage, you end up paying less in interest. But in the bargain, you also lose part of your mortgage-interest tax break. Your true savings, then, can be expressed as the difference between your mortgage interest rate and the rate at which you take your deduction (a function of your total marginal tax rate). If that net percentage figure is less than the amount you could make investing the cash, you're better off investing it.

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Fixed Vs Arm Calculator - Fixed Rate or Adjustable?

WHICH TYPE OF LOAN is best? That depends several factors: how long you plan to stay in your home, your interest-rate outlook, your budget, and your tolerance for risk.

Adjustable-rate mortgages are initially cheaper than fixed-rate loans. And they can be a good deal if you know you're going to stay in your home for a relatively short period of time. But you run the very real risk that interest rates could rise sharply and drive up your monthly payments. Fixed-loans, on the other hand, cost more but offer no surprises. And for many, that comfort is worth the added price.

To figure out which is best, you've got to consider both your best and your worst-case scenarios. Our worksheet can help. Just fill in your numbers and then use the graph and "compare" feature to evaluate your fixed and adjustable options based on the total amount of interest paid as well as the amounts of your first and last payments.

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Points Calculator - Points or No Points?

WHEN IT COMES to mortgage points, it pays to keep score. Be warned, though: It can get tricky. The term points has multiple meanings in the mortgage world.

Mortgage points can refer to loan origination fees (fees charged by the underwriter) or discount points (also known as loan discounts). The worksheet below focuses on discount points, which represent 1% of the total loan amount. By paying a discount point, you can lower your interest rate. Consider it prepaid interest.

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Credit Rating Estimator

Mortgage (and other loan) qualification is increasingly being done by means of "credit scoring." This is a mathematical analysis which considers many different aspects of your credit history -- late payments, delinquencies, tax liens, etc -- and expresses it as a single number, or "grade."

This JavaScript calculator will "score" your credit using the number of late payments you have on various credit accounts. This isn't a true "credit score," but will give you a pretty good idea of how you'd fare. Please note that different lenders may count late payments older than 12 months against you; ours doesn't. And different lenders may assign you a higher or lower score, depending on their internal underwriting requirements.

Instructions: Simply make your selections from the dropdown boxes in the table below. Your credit grade will be automatically upgraded whenever a selection is made.

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Buy Vs Rent Calculator - To Rent or to Buy?

THINGS BEING EQUAL it's almost always better to own your home rather than to rent. After all, you build equity and get to write off your mortgage interest. And if you play your cards right, when you sell you'll be eligible for one of the best tax breaks around. But that doesn't mean that everyone should be a homeowner. If your move is short-term or if interest rates are high and property values outrageous, it may be worthwhile to deal with a landlord for a while. Our worksheet will help you determine which path is best.

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Net Worth Calculator -

WHERE DO YOU STAND financially? When it comes to estate planning, figuring this out is your first step. And chances are, once you're done with this calculator you're going to be surprised at how much you own. The idea here is to total up all of your assets (house, car, retirement plan) and subtract your liabilities (credit card debt, mortgage). The result can be used as a baseline about planning for the future. Remember, however, this calculator does not account for any taxes owed on proceeds in an investment portfolio or retirement account.

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Compound Investment Calculator

Your investments will grow especially well if you reinvest the profit. You can see how your investments will grow over time if allowed to grow.

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