Mortgage Source NJ Pre-Qualification Letters
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Mortgage Calculators

PRE-QUALIFICATION CALCULATOR

Annual Income ($):
(total)
Monthly Debt ($):
(Car payments, credit cards, student loans, etc.)
Down Payment ($):
(Cash in hand)
Property Tax Rate (%):
(approx. 1% = $1000/yr for $100K home)
Home Insurance Rate (%):
(0.5% = $500/yr for 100K house)
Interest Rate (%):
(Assumption is fixed)
Length of Loan (yrs):
(ie. - 15, 20, 30)
Maximum PITI Debt Ratio (%):
(If unsure leave as 28%)
Maximum Total Debt Ratio (%):
(If unsure leave as 36%)

Results

Maximum Monthly Payment
Price of Home You Can Afford
Your Loan Value
Monthly Principal + Interest
Monthly Property Tax
Monthly Hazard Insurance Premiums
Monthly PMI Insurance

   

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