See if Your Income is Sufficient to Qualify
Desired Mortgage for New Home

Mortgage Length

Years
Interest %
Annual Tax
Total Monthly Payments in Non-Mortgage Debt (i.e. car, student loans, credit cards, etc).
 
Summary
Monthly Principal + Interest
Total Housing Payment (tax & insurance included)
Required Salary
Your salary must meet the following two conditions:
  1. Your gross (pre-taxes) monthly salary must be greater than 28% of the sum of the monthly mortgage and monthly tax payments.
  2. Your gross (pre-taxes) monthly salary must be greater than 35% of the sum of the monthly mortgage, monthly tax and other monthly debt payments.
DISCLAIMER: Calculations by this tool are believed to be accurate, yet are not guaranteed. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.

11042 Nicholas Lane,
Unit B-203
Ocean Pines, MD 21811
Office: (410) 524-6222
Fax: (410) 524-3519
Toll Free: (800) 492-8937


1204 Coastal Hwy.
Fenwick Island, DE 19944
Office: (302) 541-0616
Fax: (302) 541-0615
Toll Free: (888)-838-4853