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Financial Tools for Home Buyers and Sellers

Whether you are buying, selling or investing, we’ve assembled financial tools to answer your questions and help you reach your goals. When you are ready for a personal consultation, just let us know. We’re here to help.

Financial Tools for Buyers:

Mortgage Payment Calculator Enter mortgage amount, interest and term. Find your payment
Interest Rates vs Home Prices Correlation of interest rate to price
How Much Home do You Qualify For? Calculates the max loan amount based upon buyer’s ratios
Cost of Waiting to Buy a Home What happens when interest rates go up while you wait for prices to drop?
Rent vs. Own Compare the true costing of renting vs owning a home
Homeowner’s Analysis Tax advantages and investment potential of home ownership
Equity Accelerator Calculates interest and time savings by paying extra principal
Adjustable Rate Comparison Time period before savings from ARM would be exhausted vs fixed rate
Buyer’s Closing Cost Worksheet Preliminary estimate of cash needed for down payment and typical costs
Your Best Investment Compares future value of investing in real estate vs 2 types of investments
If the Rate Goes Up Calculates increased payment if interest rate adjusts upward
Isn’t it Worth It? Monthly and daily cost of a slightly higher mortgage amount
Will Points Make a Difference? Compare yield for 2 loan programs
Amortization Schedule Calculates loan balance after each payment
   

What if the Interest Rate Goes Up?

by Sara Driscoll November 21, 2011 Financial

How Much is the Mortgage Payment Affected by a Higher Interest Rate?

This calculates how much a house payment could increase when interest rates rise. This analysis assumes that a borrower can qualify for a higher monthly payment. If the borrower cannot qualify for a higher payment, the form …

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Your Best Investment

by Sara Driscoll November 21, 2011 Financial

Comparison of Investments

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 …

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Amortization Schedule

by Sara Driscoll November 21, 2011 Financial

Amortization Schedule

Calculate payments by entering loan amount,  interest rate, and term of loan. You can easily see how the payment is affected by changing any of the variables.

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Will Points Make a Difference?

by Sara Driscoll November 21, 2011 Financial

Compare Loan Products Using Points

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

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Buyer’s Closing Costs Worksheet

by Sara Driscoll November 20, 2011 Financial

Calculate Closing Costs for Buying a Home

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.

A more precise estimate will come directly from the lender in the Good Faith Estimate …

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Homeowner’s Analysis

by Sara Driscoll November 20, 2011 Financial

Tax Advantages of Home Ownership

The tax advantages and investment potential of home ownership are calculated here for you. This analysis assumes that the home is purchased on January 1 so that a full year’s interest and property taxes are deductible. The standard deduction that a person …

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Isn’t it Worth It?

by Sara Driscoll November 20, 2011 Financial

How Much “Too Much” is That Home You Want to Buy?

 So you’ve found your dream home, but your idea of market value isn’t quite on the same page with the seller’s opinion of market value. Do you walk away? Before you do that, ask yourself, …

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Renting vs Owning a Home

by Sara Driscoll November 20, 2011 Financial

What is the True Cost Difference of Renting vs Buying a Home? 

Tax savings, appreciation, and principal reduction are just a few of the advantages of home ownership. You might be surprised to learn how little difference there truly is between renting and buying. Tax savings are based …

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Interest Rate vs Home Price

by Sara Driscoll November 20, 2011 Financial

How Much Does an Interest Rate Increase Cost?

This shows the correlation in interest to price. It demonstrates that a .5% change in the interest rate is approximately equal to a 5% change in the purchase price. A 1% change in the interest rate is approximately …

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Cost of Waiting To Buy

by Sara Driscoll November 20, 2011 Financial

Could Waiting to Buy a Home Actually Cost You More Money?

We all know people who are waiting to buy a home until prices come down more. Maybe you’re even doing that. But what if interest rates go up while you are waiting? With a higher interest rate, …

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