Debt Service
i
Total amount of payment
$
i
Enter total amount of down payment available
%
i
Enter the annual interest rate for your loan
%
i
Total amount of your loan
$
i
Enter total term expressed in years of loan
i
Monthly payment for your loan
$
i
On average, assume 1.25% of total purchase price, divided by 12
$
i
Enter cost of insurance. Assumes $100 on average.
$
i
Enter any HOA fees required
$
Interest only Payment?
Yes
No
Debt Service Coverage Ratio
i
Total amount of rental income
$
i
Gross rental income / (loan payment +insurance +taxes + HOA)