Mortgage Qualification 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 white entry fields (gray 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 deductable portion of payment:
Qualifying Information

Gross income:

Monthly debt payments:

Qualify for loan?:

Maximum qualifying loan amount:

Current Income to Payment Ratio (max = 28%):

Current Debt to Income Ratio (max = 36%):

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

Copyright © 1998-2001 Daniel C. Peterson, All Rights Reserved