Mortgage Qualification Tool

Note, the required salary must meet the following two conditions:
  • The monthly salary must be greater than 28% of the sum of the monthly mortgage and monthly tax payments
  • The monthly salary must be greater than 35% of the sum of the monthly mortgage, monthly tax and other monthly debt payments
    • Desired
    Mortgage
    Desired Mortgage for New Home
    Years of
    Mortgage
    Total Number of Years on Mortgage
    Yearly
    Mortgage Rate (%)
    Interest Percentage of Mortgage
    Yearly Property
    Taxes
    Property Taxes on Your New Home
    Other Debt.
    Other Monthly Debt
    (School, Car, ....)
    Summary
    Mortgage
    Payments
    Total
    Payments
    Required
    Salary

    This and other interactive calculation programs on this site are made available to you as self-help tools for your independent use... I can not and do not guarantee their accuracy or their applicability to your circumstances.