Bronxville, Yonkers and Eastchester real estate and homes for sale in New York, Luxury homes - Priscilla Toomey, REALTOR® Priscilla Toomey REALTOR(r) for Bronxville, Yonkers and Eastchester, New York real estate - NUMBER1EXPERT™ Priscilla Toomey NUMBER1EXPERT(tm) for Bronxville, Yonkers and Eastchester, New York real estate

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Priscilla Toomey, REALTOR®, real estate agent and broker for Bronxville, Yonkers and Eastchester New York home listings, property and land for sale - NUMBER1EXPERT(tm)
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Mortgage Calculators: Bronxville, Yonkers and Eastchester New York home buying, real estate listings, and homes for sale in Westchester County, NY
Welcome > Resources > Mortgage Calculators > Your Maximum Mortgage ...


The Best Mortgage Calculators On the Web! 

Please try my 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... 

What's Your Maximum Mortgage?

What is your maximum mortgage? That largely depends on your income and current monthly debt payments. This calculator collects these important variables and determines your maximum monthly housing payment and the resulting mortgage amount.

This Financial Calculator requires a Browser with Java Support



Definitions

Monthly income
Total monthly income from all sources. All income should be entered before taxes.

Monthly housing expenses
Your monthly houses expenses from the housing expenses worksheet. The items entered as housing expenses make up the taxes and insurance portion of your monthly PITI payment.

Monthly liabilities
Your monthly liabilities from the liabilities worksheet. Your monthly liabilities are used to calculate your maximum PITI.

Monthly housing payment (PITI)
This is your total Principal, Interest, Tax and Insurance (PITI) payment per month. This includes your principal, interest, real estate taxes, hazard insurance, association dues or fees and principal mortgage insurance (PMI). Maximum monthly payment (PITI) is calculated by taking the lower of these two calculations:

  1. Monthly Income X 28% = monthly PITI
  2. Monthly Income X 36% - Other loan payments = monthly PITI

Maximum principal and interest (PI)
This is your maximum monthly principal and interest payment. It is calculated by subtracting your monthly taxes and insurance from your monthly PITI payment. This calculator uses your maximum PI payment to determine the mortgage amount that you could qualify for.

Start interest rates at
The current interest rate you could receive on your mortgage. This is used as the starting point for displaying a range of interest rates and the resulting mortgage amount.

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.

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.




Priscilla Toomey, REALTOR®, real estate agent and broker for Bronxville, Yonkers and Eastchester New York home listings, property and land for sale - NUMBER1EXPERT(tm)

Priscilla Toomey
Bronxville-Ley Real Estate

17 1/2 Park Place
Bronxville, NY, 10708
Cell:: 914-559-8084
Office:: 914-337-1234 ext. 568
Fax: 914-337-0304
ptoomey@NUMBER1EXPERT.com

Priscilla Toomey brings to Bronxville-Ley an extensive background in several areas of real estate. For 11 years, she served as General Counsel of one of America’s leading relocation firms, where she advised in excess of 20,000 home sales and purchases yearly.

With over 400 corporate clients Priscilla was responsible for changes to the tax law which preserved favorable income tax treatment for employees nationwide. She has written 2 books and many articles regarding getting the highest price for your home and making your home sale transition as easy as possible.

Priscilla has been President of Burlington Realty Asset Management since 1997, investing in and managing multiple family homes. She is a graduate of Hunter College of the City University of New York, Phi Beta Kappa, and of the University of Virginia Law School. She holds Brokers Licenses in Connecticut as well as New York and has been designated a Senior Certified Relocation Professional since 1990.

Priscilla has served her community in various capacities, from the Board of Directors of the YWCA to President of her street association to Co-Chair of Friends of the Performing Arts at her daughters’ school. Priscilla has also lived in Canada for extended periods and traveled to Russia with the Experiment in International Living. She was a Gold Award winner for 2005 (top 20% company-wide)and a Platinum Award winner for 2006 and 2007(top 10% company-wide) at her former company.

ABRREALTOR


Bronxville-Ley Real Estate

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