Payment Calculator
Mortgage Calculator
Qualifying Ratios
Owning vs Renting
Annual Ownership Costs
Sale Price of Home
Dollar Amt Financed
Percent (%)
or $ Amt. Down
Monthly Payment
Term of Loan (in Years)
Annual Loan Cost
Interest Rate (% of 100)
Combined Hshld Mthly Gross Income
Other Debt
Monthly Auto Loan Payment
TOTAL Monthly Debt
Other Recurring Payments
RATIO OF HOUSING COST TO INCOME
This value should be <= 28% for conventional loans, and <= 29% for HUD/FHA loans
%
RATIO OF (HOUSING COST + DEBT) TO INCOME
This value should be <= 36% for conventional loans, and <= 41% for HUD/FHA loans
%
MINIMUM MONTHLY INCOME NEEDED TO QUALIFY