RealEstateBuying

The application is used in the decision to buy a property (house). The investment decision is made on the basis of the monthly income the buyer has.

The monthly tax liabilities for the property, the value of the insurance for the month, the monthly maintenance costs are reported. The maximum percentage of the monthly income is set to be used to determine the monthly deposit for repayment of the loan from the bank and own funds saved to cover the advance payment. The annual interest rate and the number of years for repayment of the loan are introduced.

All monthly expenses are calculated including a monthly deposit and a loan that can be serviced at a given monthly income.

All of these metrics determine the ceiling on the bid price for a property that the buyer can afford.

The application allows to calculate one of the following three parameters: monthly income; own cash saved; and the price of the property for the depositor given two of them and the others. For example, what kind of monthly income would you have at a set price for the property and your own savings to complete the purchase.

The application creates a document with the above contents including a loan servicing table.

The application contains advertising banners.