Qualifying Calculator

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Qualifying Calculator

Requirements: This calculator requires Netscape Navigator or Internet Explorer 3.0 or higher and that you have enabled JavaScript in your browser's user preferences panel. Instructions: Complete or change entry fields (non-required fields are calculated automatically). The calculator will automatically recalculate anytime you make a change to white field and then press the TAB key. NOTE: When making entries into the entry boxes only numbers and decimal points are permitted. Typing in dollar signs, commas, and other non-numeric characters will result in an error message.
Purchase Information
Purchase Price:
Down Payment:
Loan amount:
Interest Rate:
Length of the Mortgage in years:
Payment Information
Principal & Interest:
Annual Property Taxes:
Annual Insurance:
Annual PMI:
Monthly association fees:
Monthly Payment (PITI):
Tax deductible portion of payment:
Qualifying Information
Gross income:
Monthly debt payments (Current Liabilities) Note: Enter the minimum monthly amount you're required to pay for credit cards, car loans, student loans, etc. (Don't include your current rent, mortgage or debts you'll pay off prior to purchasing your home.)
Qualify for loan?:
Maximum qualifying loan amount:
Current Income to Payment Ratio (max = 33%):
Current Debt to Income Ratio (max = 39%):

Note: Longer term loans may take a few moments for the report to be generated.