Mortgage Qualification Tool

Note, the 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.

Desired Mortgage

Desired Mortgage for new home

Years of Mortgage

Total Number of Years on Mortgage

Yearly Mortgage Rate (%)

Interest Percentage of Mortgage

Yearly Property Taxes

Property Taxes on your new Home

Other Debt.

Other Yearly Debt (School, Car, ...)

Summary

Mortgage Payments

Total Payments

Required Salary