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Enter the appropriate information in the fields below and click the calculator icon to determine whether or not you qualify for a conventional mortgage.

Your Maximum housing expense is calculated by multiplying your monthly salary by .28. Your Maximum Debt to Income (DTI) is calculated by multiplying your monthly salary by .36. The lower value of these two calculations is used to calculate your Maximum qualified monthly mortgage payment.

Qualify for Home Purchase

Loan Payment

Mortgage Payment

Cash Flow

Home Purchase

  • * per year
Do you qualify? Yes
Mortgage: $193,000.00
Monthly loan payment: $1,219.89
Monthly mortgage payment: $1,653.22
Maximum housing expense: $1,680.00
Maximum DTI ratio: $2,160.00
Maximum qualified monthly mortgage payment: $1,680.00

The information provided by these calculators is intended only for general information and educational purposes.  The calculated results are intended for illustrative purposes only; accuracy is not guaranteed.  The default figures shown are hypothetical and may not apply to your situation.  Please consult a financial professional for advice regarding your personal circumstances.

January 15th, 2014
Standard mileage rate.
Beginning on Jan. 1, 2014, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

56 cents per mile for business miles driven
23.5 cents per mile driven for medical or moving purposes
14 cents per mile driven in service of charitable organizations

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