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Buying a home?

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Check out how much you can qualify for by using our Mortgage Affordability Calculator

Our mortgage calculators are for demonstration purposes only and may not reflect actual numbers for your specific mortgage. Contact us and we will walk you through the best possible mortgage scenario for your specific needs!

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$20,000 $1 Million
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$0 $200,000
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$0 $10,000
Credit Score
Advanced
Loan Term
%
0% 20%
$
%
0% 5%
$
%
0% 15%
$ /month
Estimated home price you can afford
$
Affordable Manageable Stretch
Monthly Payment $
Loan Balance & Interest $
Property Taxes $
Homeowners Insurance $
Private Mortgage Insurance $
HOA Dues $
You can afford a $ home

Monthly Payment $
Loan Balance & Interest $
Property Taxes $
Homeowners Insurance $
Private Mortgage Insurance $
HOA Dues $
Remaining Monthly Budget $
This estimates what you'll have left for living expenses after paying your mortgage and debts. We assume you'll pay 25% of your income in taxes.
Monthly Income (after taxes) $
Monthly Mortgage Payment - $
Monthly Debt & Expenses - $
DTI Ratio %
The Debt-To-Income ratio helps you understand if you have enough income to live comfortably for the selected home price. A general guide is to budget around 28% of your pre-tax income for your mortgage payment, and another 8% for other debts.
Affordable 20%-36% Manageable 37%-43% Stretching 44%-55%
Recommended Savings $
This is the recommended amount to save for your down payment, closing costs, and cash reserves. Cash reserves are equal to 3 months of your mortgage payment. We asume you'll pay 2.9% of the home price in closing costs.
Down Payment $
Closing Costs $
Cash Reserve $
Affordability Calculation
This breakdown shows the key factors affecting your home affordability calculation.
Annual income $
Down payment $
Monthly debts $
Debt-to-income %
Interest rate %
Loan term
Taxes & insurance included?
Property tax %
Homeowner's insurance % /yr
Mortgage insurance $/mo
HOA dues $/mo
Payment Breakdown

Amortization Schedule Breakdown

Our detailed amortization schedule breaks down your mortgage payments, showing how they are split between interest and principal over the life of your loan. Note: The actual monthly payment may be higher than what is shown here, as this schedule does not account for variable costs such as property taxes and home insurance, which are often included in your total mortgage payment.
  • Principal payments: $ (the amount borrowed)
  • Interest payments: $ (the cost of borrowing)

No matter what your situation is, there is a home financing solution for you. We are ready to guide you through your options and get you the best deal possible!

Conventional

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FHA

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VA

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Jumbo

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Renovation

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USDA

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Commercial Lending

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Private Money Lending

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Hard Money Loans

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Mortgage Loan

How the process works

1

Documentation

There are a few critical documents we will need to verify to start your process.

2

Appraisal

The appraisal ensures the home you are buying is worth the price that is being offered.

3

Initial Underwriting

The Underwriter will verify that all information is accurate and authentic.

4

Conditional Approval

Conditional Approval is granted when the Underwriter approves the loan under certain conditions.

5

Clear To Close

The Underwriter verifies that all documentation has been provided and all conditions have been met.

6

Closing

Signing the final documentation and receiving the keys to your new home!

Thanh Pham Mortgage

Thanh Pham

Loan Officer  //  NMLS #1858688

Whether you are a seasoned real estate investor or a first-time homebuyer, we know what it is like to apply for a mortgage and we strive hard never to forget that feeling. We’re excited for the opportunity to earn your trust by offering the right mortgage for your unique financial scenario, providing competitive & fair pricing, and by making sure you are properly communicated to so you have the information you need to know.

tpham@whatamortgage.us(713) 478 0992
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Thanh Pham Mortgage

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