| 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. |