Mortgage Amortization Calculator
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Income Qualification Calculator
Enter Information Here
Years:
Interest:
Loan Amount:
Annual Tax:
Annual Insur:
Here are the Results:
Monthly Prin + Int:
Monthly Tax:
Monthly Ins:
Total Payment:
Income Qualification Calculator
INSTRUCTIONS: ENTER NUMERICAL DATA AND DECIMAL POINTS ONLY. DO
NOT
USE DOLLAR SIGNS, PERCENT SIGNS, COMMAS, OR OTHER SYMBOLS. EXAMPLE: "TEN THOUSAND" SHOULD BE ENTERED AS 10000,
NOT
10,000. ENTER MONTHLY AMOUNTS FOR ALL INCOME & EXPENSE ITEMS. EXAMPLE: IF YOUR GROSS ANNUAL SALARY IS $48,000, ENTER YOUR 'SALARY/WAGES" AS 4000. ENTER THE LOAN TERM IN YEARS. ENTER THE INTEREST RATE AS THE FOLLOWING EXAMPLES SHOW: 8
NOT
.08 OR 8%; 7.5,
NOT
.075 OR 7.5%.
AFTER FILLING OUT ALL THE FIELDS CORRECTLY, SIMPLY CLICK ON THE "SUBMIT" BUTTON. ALL INFORMATION WILL APPEAR IN TWO FIELDS BELOW THE "SUBMIT" BUTTON.
INCOME:
SALARY/WAGES
$
OTHER INCOME
$
HOUSING EXPENSES:
PROPERTY TAXES
$
HAZARD INSURANCE
$
OTHER EXPENSES:
CAR PAYMENT(S)
$
CREDIT CARD & OTHER PAYMENTS
$
LOAN:
TERM IN YEARS
$
INTEREST RATE
%
YOU MAY QUALIFY FOR A MAXIMUM MONTHLY MORTGAGE PAYMENT (P&I) OF
$
YOU MAY QUALIFY FOR A MAXIMUM LOAN AMOUNT OF
$
Disclaimer:
Our income qualification calculator is presented strictly for illustrative purposes. This is not an offer to lend. All results disclosed by the calculator are estimates, and we assume no liability or responsibility for computational errors. Under FNMA underwriting guidelines some types of income are excluded in calculating qualification ratios. We make no guaranty or representation that you will qualify for any particular loan or loan terms.
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