well, there are four big numbers associated with calculating loans: down payment monthly payment interest rate loan amount
You've only spec'd two so far. The banks, obviously, have control over the interest rate and from that you can calculate loan total. For starters, assume 6% (it's higher than what I was recently quoted for a refi on a 30yr fixed, but it'll give you a conservative estimate which means some breathing room).
This calculator may come close to what you're looking for. Remember, even if YOU think you can spend 45% of your income every month on mortgage/tax/ins, the banks won't let you. You will be capped by income ratios (we were, darn it all - that spare $10K woulda been handy). http://www.mortgage-calc.com/mortgage/howmuchborrow.html
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ninetydegrees
(no subject)
down payment
monthly payment
interest rate
loan amount
You've only spec'd two so far. The banks, obviously, have control over the interest rate and from that you can calculate loan total. For starters, assume 6% (it's higher than what I was recently quoted for a refi on a 30yr fixed, but it'll give you a conservative estimate which means some breathing room).
This calculator may come close to what you're looking for. Remember, even if YOU think you can spend 45% of your income every month on mortgage/tax/ins, the banks won't let you. You will be capped by income ratios (we were, darn it all - that spare $10K woulda been handy).
http://www.mortgage-calc.com/mortgage/howmuchborrow.html