Mortage Qualification Calculator

Mortgage Qualification Tool

Note: the required salary must meet the following two conditions:
salary must be > 28% of the sum of the mortgage and tax payments.
salary must be > 35% of the sum of the mortgage, tax and other 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 Yearly Debt (School, Car, ...)

Summary

Mortgage Payments

Total Payments

Required Salary

DISCLAIMER Calculations by this tool are believed to be accurate but are not guaranteed.

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