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Use an online mortgage affordability calculator to determine how much financing you can afford, according to Bankrate. Enter your total monthly income and the information about the home purchase such as the down payment,... More »

www.reference.com Business & Finance Credit & Lending

Using a maximum mortgage calculator gives prospective home buyers an idea of how much they can afford to take on in a mortgage, according to Bankrate. Such information as income, the terms of the loan and the monthly bud... More »

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To calculate the monthly interest on a mortgage, multiply the current loan balance by the yearly interest rate, and divide that number by 12. You can also use an online mortgage calculator to determine the interest on yo... More »

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As of Oct. 4, 2015, the Federal Housing Administration requires a minimum FICO credit score of 500 for homebuyers to qualify for financing, reports Bankrate. Borrowers with FICO scores of 580 or less must now pay 10 perc... More »

www.reference.com Business & Finance Credit & Lending

Calculate your monthly mortgage payments by using a mortgage calculator, reports Bankrate. Among the factors needed for the calculator tool to figure out the monthly mortgage payment are the amount of the mortgage, the m... More »

www.reference.com Business & Finance Credit & Lending

The easiest way to calculate a home mortgage is to use the simple calculator available through such organizations as Bankrate. There are only three fields to enter: the amount of the mortgage (the purchase price less the... More »

www.reference.com Business & Finance Credit & Lending

An easy way to calculate mortgage payments is to use an online loan calculator tool, such as that offered by Bankrate. Enter the total amount borrowed, term of the loan and annual interest rate to get an estimate of the ... More »

www.reference.com Business & Finance Credit & Lending