1. "Dynamic" text will change displaying relevant info. Online "pop-up" help with explanations, examples, tips, and limits for entries is available by simply clicking the hyperlinks on the mortgage calculator.
2. The % of Income field is key. This one variable represents how much of your money you will spend. Set all other INPUTS (some default settings will be good enough) on the mortgage calculator, then come back and change this one INPUT up or down to change everything. Very cool.
3. You may easily change the ratio limits (28.0% and 36.0% are "standard" in the industry) at the bottom of the mortgage calculator. Setting these "limits" correctly will display text messages accordingly and "prompt" you with advice so the math will be accurate.
4 Please don't enter in text, huge numbers, or commas.
5. Everything is rounded. This is an "estimation" mortgage calculator tool. Pennies just complicate things visually.
6. Go to the File menu and choose Print to print the report. It is awesome on paper.
7. Learn about the Housing/Income ratio.
8. Learn about the Housing+Debt/Income ratio.
This page is a pop-up instruction of the mortgage calculator on www.harderandsmarter.com. If a search engine brought you here click on the link to go to the mortgage calculator.