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Mortgage Qualifier
Instructions:
Complete or change the fields.
The calculator will automatically recalculate anytime you make a change to white field and then press the TAB key.
NOTE: When making entries into the entry boxes only numbers and decimal points are permitted. Typing in dollar signs, commas, and other non-numeric characters will result in an error message.
Purchase Information
Purchase Price:
Down Payment:
%
$
Loan amount:
Interest Rate:
Length of the Mortgage in years:
Payment Information
Principal & Interest:
Annual Property Taxes:
%
$
Annual Insurance:
%
$
Annual PMI:
%
$
Monthly association fees:
Monthly Payment (PITI):
Tax deductable portion of payment:
Qualifying Information
Gross income:
Annually
Monthly
Monthly debt payments:
Qualify for loan?:
Maximum qualifying loan amount:
Current Income to Payment Ratio (max = 28%):
Current Debt to Income Ratio (max = 36%):
Longer term loans may take a few moments for the report to be generated.
This tool is provided as a guide for your convenience.