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CAN YOU
QUALIFY?
Use
this calculator to match your income with your desired mortgage amount.
For property tax use .0125% of the property value. The insurance is automatically
calculated at .05% of the mortgage amount. In the non-mortgage debt box
do not use any debt that will be paid off in 3 months or soon. If your
income is lower than what you need for the desired mortgage don’t worry. The ratios used in this calculator are the most conservative.
- The
sum of your monthly principal, interest, property taxes and casualty
insurance (PITI) cannot be greater that 28% of your gross monthly income.
- The
sum of your monthly PITI plus monthly consumer debt payments cannot
be greater than 35% of your gross monthly income.
Apply
Now
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