How Much Income Do I Need?

You can use this calculator to determine the Income Needed and Debt Allowed to qualify for the specific loan amount using 28/36 qualification ratios. Mortgage companies use ratios to analyze your mortgage payment. The housing payment ratio (or front ratio) used in this calculation is 28% and it compares your total mortgage payment to your monthly income. The total debt expense ratio (or back ratio) is 36% and it compares your total monthly obligations including your total mortgage payment to your monthly income.

Property and Loan Information:
Property Value:	$
Down Payment:	$
Annual Interest Rate:	%
Loan Term:	years
Check to Calculate Taxes and Insurance Or Enter Below
Annual Property Taxes:	$
Annual Property Insurance:	$

NOTICE: This calculator assumes conventional financing for all calculations however the final amounts may be different depending on your circumstances. To ensure accuracy it is recommended you obtain personal advice from qualified professionals.