PowerPay Calculators & PowerPay Education Center
PowerPay
Calculators & Education Center
PowerPay
Calculators
July 2009
1
1
2
2
Marsha A. Goetting Ph.D., CFP?, CFCS
Professor & Extension Family Economics Specialist Department of Agricultural Economics & Economics
Keri D. Hayes
Publications Assistant Department of Agricultural Economics & Economics
3 3
PowerPay Calculators Web site
(Utah State University-Extension)
4 4
User Login
Enter New UScsreerenItnhfaot Armppaetairos n, Click Submit
? If new member, click [New? Sign
up now]
5
5
6
1
Click Calculators Tab
7
Calculator Options
1. Housing Expenses 2. Loan Qualifier 3. Mortgage Comparison 4. Transportation Expenses 5. Additional Payment 6. Emergency Savings
8 8
Housing Expense Calculator
9
10
10
Housing Expense Calculator
? Percentage of income going towards home costs per month
11
Click on Housing Expenses Calculator
12
2
Example 1: Housing Expenses Calculator
Monthly Take-Home Pay
5500
Monthly Mortgage (principal & interest) Payment/Rent
Monthly Property Taxes
1200 95
Monthly Home Owner's/Renter's Insurance
Monthly Maintenance
100 50
Monthly Utilities
300
13
Calculate
13
Results (Example 1): Housing Expenses Calculator
Total Housing Expenses
% of your total income:
Recommended % of income
$1745.00 31.727%
33-35%
14
Example 2: Housing Expenses Calculator
Monthly Take-Home Pay
4000
Monthly Mortgage (principal & interest) Payment/Rent
Monthly Home/Property Taxes
1400 150
Monthly Home Owner's/ Renter's Insurance
Monthly Maintenance
100 50
Monthly Utilities
300
15
16
Calculate
16
Results (Example 2): Housing Expenses Calculator
Total Housing Expenses
% of your total income:
Recommended % of income
$2000.00 50%
33-35%
17
18
17
3
Loan Qualifier Calculator
19 19
Loan Qualifier Calculator
? How much to reduce monthly debt obligations to qualify for a loan
20 20
Scroll to Top, Click Loan Qualifier
21
Lender requirement
? Borrowers debt must be less than given percentage of income to qualify for loan
22 22
Example
? 30% debt/income ratio
? No more than 30% of income is being used to pay creditors
23 23
Example 1: Loan Qualifier Calculator
Debt to Income Ratio
Monthly Take-Home Pay
25 5500
Calculate
24 24
4
Results (Example 1): Loan Qualifier Calculator
? Monthly Debt payment must be $1,375 or less
25 25
Loan Qualifier Calculator Screen
26 26
Example 2: Loan Qualifier Calculator
Debt to Income Ratio
Monthly Take-Home Pay
30 4000
Calculate
27 27
Results (Example 2): Loan Qualifier Calculator
? Monthly Debt payment must be $1,200 or less
28 28
Loan Qualifier Calculator Screen
Mortgage Comparison Calculator
29
30
29
30
5
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
Related searches
- adult education center las vegas
- national center of education statistics
- national center for education statistics 2018
- louisiana special education center jobs
- national center for education statistics 2016
- national center for education statistics 2017
- money education center tamu
- national center for education statistics 2019
- education center online
- national center for education statistics
- gateway education center greensboro nc
- adult education center near me