Complete the fields below and click Calculate Now. To view the results of each calculation, click on the various tabs. To email yourself a copy of the results, click the Receive this Detailed Analysis link.
Most lenders will allow a back end ratio of 45%. That means after your expenses and monthly payment are added together your total monthly debt obligation can not be larger than 45%. The important number to pay attention to is your back end ratio as that is the deal breaker for most lenders.
It is always a good idea to sit down with a Mortgage Broker and allow them to qualify you. Regardless of the results you find using this calculator, you should contact one of the mortgage companies listed in the links section of this page and allow them to consult you on what is the best loan and plan for you to follow to obtain your loan.
I have worked with each of the mortgage companies listed on this page and respect the loan officers, brokers and staff and encourage you to conract any of them and choose the one you feel understands your needs the best. If you have any questions about picking a loan officer to work with, feel free to call or email me.