| Mortgage Qualification Calculator V2 |
This calculator will help you to determine how much house you can afford and/or qualify for.Complete or change the entry fields in the “Input” column of all three sections. The calculator will automatically recalculate anytime you press the Tab key after making a change to an input field. |
| Purchase Information |
Inputs |
Outputs |
Purchase price:
|
|
|
Down payment:
|
%
$ |
|
Loan amount:
|
|
|
Annual interest rate:
|
|
|
Length of the mortgage in years:
|
|
|
| Payment Information |
Inputs |
Outputs (Monthly) |
Monthly principal & interest payment:
|
|
|
Annual property taxes:
|
%
$ |
|
Annual insurance:
|
%
$ |
|
Annual PMI:
|
%
$ |
|
Monthly association fees:
|
|
|
Monthly payment (PITI):
|
|
|
Tax deductable portion of payment:
|
|
|
| Qualifying Information |
Inputs |
Outputs |
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. |
