How much income do I need to qualify?

Loan Information Property Information
Selling Price Down Payment
Monthly Taxes Interest Rate
Monthly Hazard Inc Term in Years
  Front Ratio(%)
  Back Ratio(%)
Estimate Taxes and Insurance

Enter the price and down payment amount for the property. Enter the initial expected rate and length of the mortgage.
Property Selling Price: $
Down Payment : $
Loan Payment : $ 0.00
Principal and Interest: $ 0.00
Monthly Real Estate Taxes: $ 0.00
Monthly Hazard Insurance: $ 0.00
Monthly Mortgage Insurance: $ 0
Total Mortgage Payment: $ 0
Income Needed for Payment: $ 0.00
Allowable Debt Payment: $ 0.00

Mortgage companies use ratios to analyze your mortgage payment. The housing payment ratio (or front ratio) used in this calculation is 28 %, or (0 / 0.00). The housing expense, or front ratio, compares your total mortgage payment to your monthly income.

The total debt expense ratio (or back ratio) is 36%, or [(0 + 0.00) / 0.00]. This total debt expense, or back ratio, compares your total monthly obligations including your total mortgage payment to your monthly income.