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Required Salary: $
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Monthly Principle + Interest: $
Total Monthly Payments: $
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Expected Annual Tax: $
Interest Rate:
Mortgage Length:
Desired Mortgage Amount: $
How Much Income Do You Need
To Qualify?
Do you want to find out if your income qualifies you for the home you want? Simply fill in the fields below and click the "Calculate Now!" button. Your results will appear below.
Your salary must meet the following two conditions:
1) Your gross (pre-taxes) monthly salary must be greater than 28% of the
sum of the monthly mortgage and monthly tax payments.
2) Your gross (pre-taxes) monthly salary must be greater than 35% of the
sum of the monthly mortgage, monthly tax and other monthly debt payments.
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