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Mortgage Qualification

Mortgage/Loan Amount:
Repayment Period
(Years):
Interest Rate (%):
Annual Tax Amount:
Annual Insurance:

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Note:
Minimum required salary must meet the following two conditions:

  1. The monthly salary must be greater than 28% of the sum of the monthly mortgage and monthly tax payments.

  2. The monthly salary must be greater than 35% of the sum of the monthly mortgage, monthly tax and other monthly debt payments.

Summary
Monthly Mortgage Payment Total Payment Minimum Required Salary


Calculations are deemed to be accurate but are not guaranteed by Find A Residence.com

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