Homebuyers shopping for homes in Nebraska can now use the Nebraska Mortgage Calculator powered by Gustan Cho Associates to get the most accurate estimated housing payment (PITI, MIP, HOA). For added convenience, we have created, developed, and perfected the debt-to-income ratio calculator that compliments Gustan Cho Associates Nebraska Mortgage Calculator. 

Calculate PITI, PMI, HOA, and DTI in Seconds Using The Nebraska Mortgage Calculator

Gustan Cho Associates know how difficult it can be to budget for a home. Besides the struggles of saving for the down payment and closing costs, the total monthly payment is incredibly important. In today’s mortgage market, home buyers are shopping based on housing payments more than the purchase price of a home. We are happy to offer our advanced mortgage calculator to help simplify the process of calculating your monthly mortgage payment.

Calculate Monthly House Payment Based on Purchase Price

Homebuyers in Nebraska will benefit from this easy-to-use mortgage calculator. The Nebraskan State motto is “equity before the law” and that is what our calculator helps promote. Many first-time homebuyers find this tool very helpful. Not only does this calculator break down your principal and interest payment, but it will also allow you to type in property taxes, homeowners insurance, and any homeowners association dues. Above and beyond these basic functions, you can even calculate your overall debt-to-income ratio!

Step-by-Step Guide Using Gustan Cho Associates Nebraska Mortgage Calculator

For your basic mortgage calculator functions, you will type in your home price, down payment amount, and estimated interest rate. Next, there are separate boxes where you can input your property taxes, homeowners insurance, and homeowners association dues. Private mortgage insurance and/or mortgage insurance premium is auto-populated or you can enter it manually. Once you enter all the data, you will get your estimated monthly mortgage payment.

Front-End and Back-End DTI Mortgage Approval Calculator

Our debt-to-income calculator is unique and a tool used by many mortgage professionals. The team at Gustan Cho Associates is excited to teach you how to use this function. Our tool will automatically carry over your estimated mortgage payment based on the mortgage calculator information. You will then enter your minimum monthly debts reporting to your credit report. This will include minimum monthly revolving credit card payments, monthly auto loan payments, monthly personal loan payments, monthly student loan payments, and any other debts that report on your credit report.

What Is a Good DTI To Qualify For a Mortgage in Nebraska

Each mortgage program offered by Gustan Cho Associates will have different debt-to-income thresholds. Typically you want to keep your debt-to-income ratio below 45%, but we do offer programs that allow a higher debt-to-income requirement. The current and future residents of Nebraska can enjoy the mortgage programs we have available. We have a no overlay platform for all FHA, VA, USDA, and Conventional mortgage programs. We even offer many jumbo and NON-QM mortgage options in the state of Nebraska. Our team of mortgage professionals is here to help Nebraskans seven days a week. For more information on home loans offered in Nebraska, help to utilize our mortgage calculator, or any mortgage question please reach out to our team today.