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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