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:
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Down payment:
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%
$ |
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Loan amount:
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Annual interest rate:
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Length of the mortgage in years:
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Payment Information |
Inputs |
Outputs (Monthly) |
Monthly principal & interest payment:
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Annual property taxes:
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%
$ |
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Annual insurance:
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%
$ |
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Annual PMI:
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%
$ |
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Monthly association fees:
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Monthly payment (PITI):
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Tax deductable portion of payment:
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Qualifying Information |
Inputs |
Outputs |
Gross income:Annually
Monthly |
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Monthly debt payments:
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Qualify for loan?:
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Maximum qualifying loan amount:
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Current Income to payment ratio (max = 28%):
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Current debt to income ratio (max = 36%):
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Longer term loans may take a few moments for the report to be generated. |