SO CAL HOMES REALTY
(951) 821-8211 Harold Sharpe is the owner of Harold Sharpe is a Harold Sharpe is a Harold Sharpe specializes in So Cal Homes Realty is the Real Estate Brokerage to assist you in Buying or Selling a House. Feel Free to call Harold at (951) 821-8211 Monday - Sunday 9am - 7pm Schedule to see Houses in Person Before they Sell! Qualify For A Southern California Home
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Mortgage Calculator InstructionsSo Cal Homes Realty is not a Lender. Please follow these easy to use mortgage calculator instructions. TAB 1 - Mortgage Payments - Real Estate Calculator 1. House Value - enter the house price in the top box - use numerical value only. "200000" 2. Down Payment - enter the amount of money that you wish to put down on the house. 3. Years To Pay Off Loan - enter the years you wish to pay off your loan. Example: enter "30" for standard 30 year loan. 4. Interest Rate - enter current rate of interest, for example: "5.5" or "6" etc. 5. Tax Rate - enter the tax rate. In Southern California the rates start at "1.1" and go up to around "2.2". If it is a newer home built after 2000, you may want to enter "2.2" to be on the safe side. 6. Home Insurance Rate - enter the insurance Rate. On average, enter "0.5" 7. Calculate. Click on the calculate button. Mortgage Payments - Real Estate Calculator TAB 2 - Max House Based On Desired Mortgage Payment 1. Monthly Payment - enter amount you would like to pay each month for a mortgage. "1500" 2. Down Payment - enter amount you wish to put down on a home. "7000" 3. Years to Payoff Loan - enter the number of years you would like your loan to be i.e. "30" 4. Interest Rate - enter the number value of percentage rate i.e. "6" 5. Tax Rate - in Southern California the rates start at "1.1" and go up to around "2.2" if it is a newer home built after 2000 you may want to enter "2.2" to be on the safe side. 6. Insurance Rate- on average enter "0.5" or "0.7" for Homeowners Insurance. Max House Based On Desired Mortgage Payment Calculator TAB 3 - Max Affordable House Price Real Estate Calculator 1. Annual Income - enter your annual Income i.e "50000" 2. Monthly Debt - enter the amount of your monthly debt, including car payments, credit card payments, student loans, etc. i.e. "200" 3. Years to Payoff Loan - enter the number of years in which you'd like to pay your loan off i.e. "30" 4. Interest Rate - enter the number value of the percentage rate i.e. "6" 5. Tax Rate - in Southern California the rates start at "1.1" and go up to around "2.2" if it is a newer home built after 2000 you may want to enter "2.2" to be on the safe side. 6. Insurance Rate - on average enter "0.5" or "0.7" Homeowners Insurance. Max Affordable House Price Real Estate Calculator TAB 4 - Investment Property Cash flow Calculator 1. Monthly Rental Income - enter the amount you expect to rent the property out for, i.e. "1600" 2. Vacancy Rate - enter the percentage of vacancy rate, i.e. "5" or "10" 3. Monthly Maintenance Cost - enter your expected monthly maintenance costs, i.e. "200" 4. House Price - enter the price of the Home i.e. "200000" 5. Down Payment - enter the amount you wish to put down on a home. "40000" 6. Years to Payoff Loan - enter the number of years you want your loan to be, i.e. "30" 7. Interest Rate - enter the number value of the percentage rate, i.e. "6" 8. Tax Appraisal House Value - enter amount of the Appraisal Value i.e. "200000" 9. Tax Rate - in Southern California the rates start at "1.1" and go up to around "2.2" if it is a newer home built after 2000 you may want to enter "2.2" to be on the safe side. 10. Insurance Rate - on average enter "0.5" or "0.7" Homeowners Insurance. |
