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Mortgage Calculator
Requirements:
This calculator requires Netscape Navigator or Internet Explorer 3.0 or higher. You must also enable JavaScript in your browsers user preferences panel.
Instructions:
Complete or change all white entry fields. Gray fields are calculated automatically. The calculator will automatically recalculate any time you make a change to a white field and then press the TAB key.
When making entries into the entry boxes, only numbers and decimal points are permitted. Typing dollar signs, commas and other non-numeric characters will result in an error message. Completing all entry boxes is required.
Purchase Information
Purchase Price:
Down Payment:
%
$
Loan Amount:
Interest Rate:
Length of the Mortgage in Years:
Payment Information
Principal & Interest:
Annual Property Taxes:
%
$
Annual Insurance:
%
$
Annual PMI:
%
$
Monthly Association Fees:
Monthly Payment (PITI):
Tax Deductable Portion of Payment:
Qualifying Information
Gross Income:
Annually
Monthly
Monthly Debt Payments:
Qualify for Loan?:
Maximum Qualifying Loan Amount:
Current Income to Payment Ratio (max = 28%):
Current Debt to Income Ratio (max = 36%):
Longer term loans may take a few moments for the report to be generated.
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