To use this worksheet, enter requested information into boxes highlighted in gold. The rest of the worksheet will be calculated automatically. Results are approximate; please consult your mortgage professional for a more accurate result. The financial information you enter on this worksheet will not be retained, transmitted or used in any way.
Enter annual gross income: for self and any co-borrowers
Enter total monthly debt payment not including mortgage, rent, or utilities (credit cards, car payment, child support, alimony, etc.)
Enter monthly estimate of homeowner association dues (condominiums only)
Enter desired mortgage interest rate
Enter total cash available for home purchase
Gross monthly income
Maximum mortgage payment (Gross monthly income x .28)
Maximum debt load (Gross monthly income x .38)
Maximum monthly mortgage payment (Maximum debt load - monthly debts)
Your maximum monthly mortgage payment
Estimated maximum monthly mortgage payment
Estimated maximum loan amount
Estimated Maximum Home Purchase Price