Mortgage Qualification

Calculate to find out if you are qualified for a mortgage.

Offer Price of Property:

Down Payment:

% Invalid

Mortgage Amount:

Mortgage Insurance:

Total Mortgage:

Mortgage Amortization:

years Invalid

Interest Rate:

% Invalid

Mortgage Payment:

Est. Monthly Property Tax:

Invalid

50% Monthly Condo Fee:

Invalid

Est. Monthly Heating Cost:

Invalid

Cost Per Month:

Gross Income

Monthly

Annually

Person 1:

$ Invalid

Person 2:

$ Invalid

Others:

$ Invalid

Total:

Monthly Debt Costs

Loans:

$ Invalid

Charge Cards:

$ Invalid

Others:

$ Invalid

Total:

Debt Ratios

GDS:

%Invalid

TDS:

%Invalid

Result:

Interest is compounded semi-annually not in advance. The Interest rate is fixed for the term of the mortgage. The interest rate is usually renegotiated at the end of the term of the mortgage.

This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

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