Mortgage Calculator

Plan your home purchase with our comprehensive mortgage calculator. Determine your monthly payments, calculate interest rates, and find the right mortgage for your budget.

Understanding Your Mortgage

A mortgage is a loan taken out to buy property or land. The loan is secured against the value of your home until it's paid off. It's crucial to understand how much you can afford to borrow before committing to a mortgage.

Factors that affect your mortgage include your down payment, interest rate, loan term, and credit score. A larger down payment typically results in better loan terms and lower monthly payments.

Types of Mortgages

There are many types of mortgages available, including fixed-rate, adjustable-rate, FHA, VA, and jumbo loans. Each has its own advantages depending on your financial situation and home buying goals.

Fixed-rate mortgages offer stability with consistent payments, while adjustable-rate mortgages might start with lower rates but can change over time. Government-backed loans like FHA and VA often have more flexible qualification requirements.

Ready to Get Started?

Once you've calculated your estimated mortgage payments, contact us for personalized guidance. We can help you navigate the mortgage process and find the best loan options for your needs.

Our network of trusted lenders can provide competitive rates and terms tailored to your specific situation, helping you make your dream home a reality.

Debt-to-Income (DTI) Calculator

Your debt-to-income ratio (DTI) is a key factor lenders use to determine how much you can borrow. A lower DTI ratio means you have less debt compared to your income.

What is DTI?

Debt-to-Income (DTI) ratio is a personal finance measure that compares your monthly debt payments to your monthly gross income. Lenders use this ratio to determine your borrowing risk and how much you can afford to borrow.

Your DTI is calculated by dividing your total monthly debt payments by your gross monthly income, then multiplying by 100 to get a percentage.

Why DTI Matters

Most lenders prefer a DTI ratio of 36% or less, with no more than 28% of that debt going toward servicing your mortgage. A lower DTI ratio demonstrates your ability to manage monthly payments and repay debts responsibly.

If your DTI is too high, lenders may consider you a higher risk borrower, which could result in higher interest rates or loan denial.

Improving Your DTI

To improve your DTI ratio, focus on paying down existing debt, increasing your income, or both. Consider creating a debt repayment plan and avoid taking on new debt before applying for a mortgage.

Consolidating high-interest debt, refinancing existing loans, and following a strict budget can all help lower your DTI ratio over time.

What's Your Home Worth?

Get a professional estimate of your home's value. Our team of real estate experts will analyze your property details and provide you with a comprehensive valuation report.

Professional Valuation

Our team of experienced real estate professionals will analyze your property details, current market trends, and comparable sales in your area to provide an accurate valuation.

Unlike automated online estimates, our valuations take into account unique features and condition factors that can significantly impact your home's true market value.

Local Market Expertise

We have in-depth knowledge of the New York City real estate market, allowing us to provide valuations that consider neighborhood-specific factors that online estimators might miss.

Our agents stay current with local market conditions, recent sales, and emerging trends that affect property values in your specific neighborhood.

Thinking of Selling?

A professional home valuation is the first step in the selling process. Once you know your home's worth, we can help you develop a strategic marketing plan to maximize your sale price.

We'll provide recommendations on potential improvements that could increase your home's value and appeal to today's buyers.

Why Use Our Tools

Accurate & Up-to-Date

Our tools use the latest market data and financial algorithms to provide you with precise calculations and estimates.

Secure & Private

Your information is kept confidential and secure. We never share your details without your permission.

Expert Support

Have questions about your results? Our real estate professionals are ready to help explain and provide guidance.