Pacific NW Real Estate Resource

Buyers Financial Tools

BUYER

Mortgage Payment Estimator
Conventional Payment
By entering a mortgage amount, interest, and term, a mortgage payment is easily determined. If the taxes and insurance are known, the full payment, principal, interest, taxes and insurance is determined. Private mortgage insurance will be added if the loan-to-value is in excess of 80%.

FHA Payment
By entering a mortgage amount, interest, and term, a mortgage payment is easily determined will include the MIP. If the taxes and insurance are known, the full payment, principal, interest, taxes and insurance is determined.

VA Payment
By entering a mortgage amount, interest, and term, a mortgage payment is easily determined. If the taxes and insurance are known, the full payment, principal, interest, taxes and insurance is determined.

Rent vs. Own
This shows a buyer the advantages of tax savings, appreciation, and principal reduction to lower the cost of owning a home.

Initial Qualifier
This calculates the maximum mortgage amount based on qualifying ratios for a particular type of loan.  Other factors not considered in this form determine whether a person qualifies for a loan that are not considered in this form such as credit score, references, length of credit, ability to repay, and the property's ability to secure the loan.

Homeowner's Analysis
This calculates the tax advantages and investment potential of homeownership while taking into consideration the standard deduction that a person is entitled regardless of owning a home. This analysis assumes that the home is purchased on January 1 so that a full year's interest and property taxes are deductible.

Equity Accelerator
This calculates the interest and time savings by applying additional principal contributions each payment.

Adjustable Rate Comparison
This will compare an adjustable rate mortgage against a fixed rate mortgage to determine when the savings from the ARM will be exhausted in an effort to help the buyer determine the mortgage that will provide the least cost of housing. It assumes that the rate will adjust the maximum amount at each possible period.

Buyer's Closing Costs Worksheet
This is to serve as a preliminary estimate of the amount of cash you'll need for the down payment and typical closing costs in general.

Cost of Waiting to Buy
This shows a buyer what can happen to the payment if while they are waiting for the price of the home to come down, the interest rate were to go up.

Your Best Investment
This compares the future value of the amount of money necessary for the down payment on a home using three possible alternatives: a certificate of deposit, a stock investment, and purchasing the home. The comparison involves different amounts of risk that are not measured in the example.

If the Rate Goes Up
This calculates the increased payment required that a rise in interest rate could cause.

Isn't It Worth It
This is a powerful calculation that shows a buyer the monthly and daily cost of a slightly higher mortgage.  The increased monthly payment may be insignificant to the overall purchase of the home that the buyer wants.

Interest Affects the Price
This shows the correlation in interest to price. It demonstrates that a .5% change in the rate is approximately equal to a 5% change in price.

Will Points Make a Difference
Choosing between two loans with different interest rates can be difficult when there are other factors such as a different amount of points.  This calculation develops a yield based on rate, points, and holding period to indicate which loan will have lower cost of housing.

Amortization Schedule

BUYER & SELLER

2/1 Buydown
This illustrates how the home may be more marketable by offering financing concessions to the buyer rather than lowering the price.

3/2/1 Buydown
This illustrates how the home may be more marketable by offering financing concessions to the buyer rather than lowering the price.

Financing Concessions
This form is meant to show an application of seller-paid funds toward a 2-1 Buy Down and Buyer closing costs.  This could be used to increase the marketability of a listing or to construct a buyer's offer.

80/10/10 Comparison
This calculates the payments on the first and second mortgage that equal 90% and the blended rate which is compared to a 90% loan requiring PMI.  Most loans greater than 80% loan-to-value requires Private Mortgage Insurance.

Income Estimator
The Income Estimator calculates the minimum amount of income and the maximum amount of debt needed to qualify for a mortgage at a specific rate.

WEALTH BUILDING

Investment Analysis
Investment analysis is an estimate of the possible outcomes resulting from the purchase and operation of rental real estate. While based on current Federal income tax laws, projections used for rent, expenses, appreciation and continued tax benefits for the investor and property can change during the holding period. Investing in rental real estate involves risk and investors should consider the possibilities carefully.

Fix and Flip Analysis
This analysis is used on investment property that is purchased and sold usually in a short period of time after repairs or improvements have been made. It assumes that gain will be taxed at ordinary income rates.

Discount Note
Calculates the present value of a stream of income to reach a desired yield. The purchaser of the existing note buys the right to collect the payments for the remaining term. In order to increase the yield which was determined by contract in the original mortgage, the current unpaid balance needs to be discounted.

Retirement Projection
Based on your current net worth, this tool will provide an estimate of what your annual investment contribution needs to be to achieve a desired annual income for a specified period of time after retirement.

Savings Plan
Projects the future value of savings based on a starting value and regular contributions over time at a specified interest rate.

College/Special Event Savings
Projects the monthly or annual contributions to achieve a monetary goal at a period in time to have tuition available for a person’s college education based on a specific yield.

Direct: (360) 319-4939
Email Susan

Susan Stecher

Broker, CFP, CRS, CDPE, RFC, SRES, CHLMS, Realtor® Direct: (360) 319-4939
Phone: (888) 319-4939
Susan@RealEstatePacificNorthwest.com

Copyright © 2017 | Information deemed reliable, but not guaranteed. Privacy Policy
Real Estate Website Design by Dakno Marketing.

Photography & Information Courtesy of: Photography Magic, Lawliss Creative, Scherrer Photography, Jon Brunk Photography, Getty Images, iStock and the following Chambers of Commerce's and Visitor Bureau's from: Bellingham/Whatcom County, Birch Bay, Blaine, Bow, Everson-Nooksack, Ferndale, Mt. Baker Foothills, Point Roberts, Sumas, Anacortes, Burlington, Concrete, La Conner, Mount Vernon, Sedro-Woolley, Camano Island, Central Whidbey, Coupeville, Langley, The Greater Oak Harbor, San Juan Island, Lopez Island and Orcas Island.