| See if Your Income is Sufficient to Qualify |
| Desired Mortgage for New Home: |
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| Total Monthly Payments in Non-Mortgage Debt: (i.e. car, student loans, credit cards, etc). |
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| Monthly Principal + Interest: |
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| Total Houseing Payment (tax & insurance included): |
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Your salary must meet the following two conditions:
- Your gross (pre-taxes) monthly salary must be greater than 28% of the sum of the monthly mortgage and monthly tax payments.
- Your gross (pre-taxes) monthly salary must be greater than 35% of the sum of the monthly mortgage, monthly tax and other monthly debt payments.
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Century 21