Mountain Vision Realty, Inc.

MORTGAGE QUALIFICATION TOOL...

Note, the required salary must meet the following two conditions:
  1. The monthly salary must be greater than 28% of the sum of the monthly mortgage and monthly tax payments.
  2. The monthly salary must be greater than 35% of the sum of the monthly mortgage, monthly tax and other monthly debt payments.

(this can vary by loan type and lender...thus use this calculator as a guide for estimation only)


Desired Mortgage

For new home

Years of Mortgage

Total Number of Years

Yearly Mortgage Rate (%)

Interest Percentage of New Loan

Yearly Property Taxes

Projected on your new Home

Other Debt.

(Credit Lines, Cards, Car, etc...)

Summary

Mortgage Payments

Total Payments

Required Salary


Disclaimer: All information deemed reliable but not guaranteed and should be independently verified.

Neither listing broker(s) nor Mountain Vision Realty shall be responsible for any typographical errors, misinformation, misprints or miscalculations and shall be held totally harmless. This calculator is for estimation purposes only.

 

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