All of you and your co-borrower's monthly debts, including minimum
monthly required credit card payments, car loan or lease payments, student loans,
alimony/child support payments, any house payments (rent or mortgage) other than the new
mortgage you are seeking, rental property maintenance, and other personal loans with
periodic payments.
A down payment is the initial amount of money a buyer pays upfront when
purchasing a house. The rest of the purchase price is usually financed through a
loan.
Private Mortgage Insurance (PMI) is required when a borrower makes a
down payment of less than 20% of the home's purchase price. A monthly premium will be added
to mortgage payment.
Used by lenders to approve loan applicants. Debt-to-income ratio (DTI)
equals combined monthly debt payments divided by gross monthly income. Max DTI typically
allows 50%.
Disclaimer:
Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed. We do not guarantee the accuracy of any information or inputs by users of the software.
This calculator does not have the ability to pre-qualify you for any loan program which should be verified independently with one of our Loan Consultants. Qualification for loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. Additional fees such as HOA dues are not included in calculations. All information such as interest rates, taxes, insurance, PMI payments, etc. are estimates and should be used for comparison only. We do not guarantee any of the information obtained by this calculator.
All of you and your co-borrower's monthly debts, including minimum monthly
required credit card payments, car loan or lease payments, student loans, alimony/child support
payments, any house payments (rent or mortgage) other than the new mortgage you are seeking,
rental property maintenance, and other personal loans with periodic payments.
A down payment is the initial amount of money a buyer pays upfront when
purchasing a house. The rest of the purchase price is usually financed through a loan.
A down payment is the initial amount of money a buyer pays upfront when
purchasing a house. The rest of the purchase price is usually financed through a loan.
A down payment is the initial amount of money a buyer pays upfront when
purchasing a house. The rest of the purchase price is usually financed through a loan.
Disclaimer:
Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed. We do not guarantee the accuracy of any information or inputs by users of the software.
This calculator does not have the ability to pre-qualify you for any loan program which should be verified independently with one of our Loan Consultants. Qualification for loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. Additional fees such as HOA dues are not included in calculations. All information such as interest rates, taxes, insurance, PMI payments, etc. are estimates and should be used for comparison only. We do not guarantee any of the information obtained by this calculator.
