link rel="stylesheet" href="MortgageQualifier.cfm_files/commonCalculator.css" type="text/css">
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.
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