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wegotdatwood 
Arkansas Fan
Member since Aug 2009
13754 posts
| Do most mortgage calulators include taxes and insurance? (Posted on 10/3/12 at 6:13 pm)
I'm looking on a site right now and put in 4% for a 30 year loan and it shows the monthly payment. We'll be in the market for a home hopefully next fall. We'll net around 5 to 6k a month and trying to figure a ballpark range price of houses to begin our search.
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lnomm34 
USA Fan
Mississippi
Member since Oct 2009
7429 posts
| re: Do most mortgage calulators include taxes and insurance? (Posted on 10/3/12 at 6:44 pm to wegotdatwood)
No
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ZereauxSum 
LSU Fan
Atlanta, GA
Member since Nov 2008
5749 posts
| re: Do most mortgage calulators include taxes and insurance? (Posted on 10/3/12 at 6:48 pm to wegotdatwood)
Zillow's mortgage app does. It gives estimates of what the taxes and insurance will be and gets very close where I live.
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reb13 
Ole Miss Fan
Oxford, MS
Member since May 2010
7957 posts
| re: Do most mortgage calulators include taxes and insurance? (Posted on 10/3/12 at 7:38 pm to wegotdatwood)
LINK
This has a place for taxes and insurance.
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wegotdatwood
Arkansas Fan
Member since Aug 2009
13754 posts
| re: Do most mortgage calulators include taxes and insurance? (Posted on 10/3/12 at 8:20 pm to wegotdatwood)
Thanks, will look that up. Any ball park range on what you would be comfortable spending with the loan, insurance, and tax with that income?
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Blakely Bimbo 
Alabama Fan
Member since Dec 2010
754 posts
| re: Do most mortgage calulators include taxes and insurance? (Posted on 10/3/12 at 8:27 pm to ZereauxSum)
quote:
Zillow's mortgage app does. It gives estimates of what the taxes and insurance will be and gets very close where I live.
I was looking at a house in Baldwin County on Zillow the other day. Knowing full well how expensive any insurance is here, the amount zillow calculated per month was laughable.
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AUtigerNOLA 
Auburn Fan
New Orleans, LA
Member since Apr 2011
5109 posts
| re: Do most mortgage calulators include taxes and insurance? (Posted on 10/3/12 at 9:00 pm to wegotdatwood)
quote:
Thanks, will look that up. Any ball park range on what you would be comfortable spending with the loan, insurance, and tax with that income
It depends on how much the house is. But say a $200k house, the insurance is around $100. Taxes are around 90-150. If you have a FHA Loan, PMI will be around $170 or higher.
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wegotdatwood
Arkansas Fan
Member since Aug 2009
13754 posts
| re: Do most mortgage calulators include taxes and insurance? (Posted on 10/3/12 at 10:20 pm to AUtigerNOLA)
No pmi, will be getting a VA loan.
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wegotdatwood
Arkansas Fan
Member since Aug 2009
13754 posts
| re: Do most mortgage calulators include taxes and insurance? (Posted on 10/3/12 at 10:21 pm to AUtigerNOLA)
Was thinking a safe number would be 150 to 175k.
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yellowfin 
Illinois Fan
Paige is Pretty
Member since May 2006
51853 posts
| re: Do most mortgage calulators include taxes and insurance? (Posted on 10/4/12 at 7:34 am to wegotdatwood)
25% of your take home would be a starting point
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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
4595 posts
| re: Do most mortgage calulators include taxes and insurance? (Posted on 10/4/12 at 11:18 am to Blakely Bimbo)
My Zillow mortgage app under advanced tab lets me set insurance, hoa, taxes.
If you know these numbers plug them in yourself
I use this for all my clients and am usually within $20 of actual mortgage
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Crbello4Hiceman
LSU Fan
Lurking
Member since May 2011
374 posts
| re: Do most mortgage calulators include taxes and insurance? (Posted on 10/4/12 at 12:14 pm to wegotdatwood)
Not sure about your area but in NOLA we can always go to the assessor's website to look at the property tax history on a given property. Obviously, you have to take into account whether homestead exemption has been taken or not but it serves useful here in considering property tax costs.
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ZereauxSum
LSU Fan
Atlanta, GA
Member since Nov 2008
5749 posts
| re: Do most mortgage calulators include taxes and insurance? (Posted on 10/4/12 at 12:21 pm to Blakely Bimbo)
quote:
I was looking at a house in Baldwin County on Zillow the other day. Knowing full well how expensive any insurance is here, the amount zillow calculated per month was laughable.
Close to Macon, GA?
I wouldn't have thought insurance would e especially high there. Any particular reason that you know of?
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