Enter the requested information in the spaces provided. Do not use the tab to change fields. Use the mouse to place your input in the proper space and the results will be calculated automatically. Pressing the enter key will result in an error.
Borrower(s) Monthly Gross Income:
Other Income:
Total Gross Monthly Income:
Formula A
Total Monthly Income
Maximum Mortgage Payment (total monthly income X .28)
Formula B
Less: Monthly Obligations (i.e.: credit cards, auto, boat or personal loan payments)
Maximum Mortgage Payment (net monthly income X .36)
Lesser Maximum Payment
Interest rate
=
Maximum mortgage for home purchase
