Annual Income
Wages/Salary $: annual earnings from wages or salary.
Additional Income $: additional annual earnings from things such as rental property.
Monthly Recurring Debt
Car payments $: monthly payment for all cars.
Credit card payments $: monthly minimum payment total for all credit cards.
Student loan payments $: monthly payment for all student loans.
Other payments $: other monthly recurring debt such as child support or another mortgage.
Property
Purchase price $: the amount you intend to pay for the property (contract price).
Down payment %: percentage of the purchase price. If you are purchasing a house for $200,000 and intend to put a down payment of $40,000, enter 20 for down payment.
Interest rate %: check with your lender to see what interest rate you qualify for.
Mortgage term (years): usually 15 or 30 but other options may be available.
Taxes and Insurance $: these numbers can vary from region to region and from home to home. Consult with your real estate agent or mortgage broker.
  Estimate your monthly payment using the 28/36 Rule







%20
%4.25



The amount you can borrow includes principal + interest + taxes + insurance based upon the numbers entered above. Interest rates can vary based upon your credit and the amount of down payment. If your down payment is less than 20% of the sales price, you may have to pay Private Mortgage Insurance (PMI). Consult with your lender for details.

Mortgage Pre-approval
Our preferred lender can get you started today with a mortgage pre-approval. Go here.