Countrywide Real Estates - Mortgage Qualification Calculator

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Mortgage Qualification Calculator

Only numbers and decimal points are permitted.

Gross annual income:	$ Your gross annual household income. This is the amount before taxes are deducted.
Monthly debt payments:	$ The total of your non-mortgage monthly debt payments. This would include car loans, student loans, credit card payments and so on.
Down Payment:	$ The amount you have available to cover the mortgage down payment and closing costs.
Annual Interest Rate:	% The annual interest rate you expect to pay on this mortgage. You can enter the rate either as a percentage (8.25) or as a decimal (.0825), whichever you prefer.
Monthly insurance:	% The monthly insurance payment you expect to pay. As a rule of thumb, you can expect to pay .125% (home price X .00125) of the purchase price per month.
Monthly property tax:	$ The monthly property tax payment you expect to pay.As a rule of thumb, you can expect to pay .027% (home price X .00027) of the purchase price per month.
Length of the Mortgage:

Use this Simple Loan Calculator to quickly calculate the monthly payment, total amount of interest paid and total paid for your loan scenario.

4115 Annandale Rd. Suite 102A, Annandale, VA 22003 703.642.3171
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