Mortgage Qualifier

 

When using:

  • Round money amounts to the nearest dollar.

  • Do not use commas for larger numbers.

  • Final calculations display several decimal places.

Desired
Mortgage
 
Years of
Mortgage
 
Yearly
Mortgage Rate (%)
 
Yearly Property
Taxes
 
Annual Debt Load
Include school, car, credit cards, etc...

Summary
Mortgage
Payments
Total
Payments
Required
Salary

Note: Monthly salary must be greater than 28% of:
a) the sum of the monthly mortgage and monthly tax payments, and/or
b) the sum of the monthly mortgage, monthly tax and other monthly
   debt payments