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

Instructions
Enter the price and down payment amount for the property. Enter the initial expected rate and length of the mortgage.

Results
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

Explanation

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.