How Much Do You Need To Earn?

Mortgage Qualification Tool

Note, the required salary must meet the following two conditions:

  1. the monthly salary must be greater than 28% of the sum of the monthly mortgage and monthly tax payments.
  2. the monthly salary must be greater than 35% of the sum of the monthly mortgage, monthly tax and other monthly debt payments.
Desired Mortgage Desired Mortgage for new home
Years of Mortgage Total Number of Years on Mortgage
Yearly Mortgage
Rate (%)		 Interest Percentage of Mortgage
Yearly Property Taxes Property Taxes on your new Home
Other Debt. Other Yearly Debt (School, Car, ...)

Summary

Mortgage Payments Total Payments Required Salary

 

 

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Gale Team - RE/MAX Metro - Salt Lake City, Utah
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