The Best Mortgage Calculators On the Web! Please try our Java loan and mortgage calculators. They take a minute to load, but they are worth it! Each calculator has dynamic graphs and charts that change - right before your eyes - as you enter different information. Try each calculator with different interest rates, loan amounts, and payment schedules. The mortgage repayment schedule and other reports are fully customizable - just for your home, your interest rate, your loan amount, your taxes, and more. Would you like a print out, for your records and future reference? Each calculator includes a View Report button. Click it, hit print, and you have a report, customized just for you... How Much Should Your Income Be?
What income is required to qualify for a mortgage? That largely depends on your monthly debt payments and the current interest rate. This calculator collects these important variables and determines your required income to qualify for your desired mortgage amount.
Definitions
- Desired mortgage amount
- The total loan amount you are looking to qualify for.
- Monthly housing expenses
- Your monthly houses expenses from the housing expenses worksheet. The items entered as housing expenses make up the taxes and insurance portion of your monthly PITI payment.
- Monthly liabilities
- Your monthly liabilities from the liabilities worksheet. Your monthly liabilities are used to calculate your maximum PITI.
- Monthly housing payment (PITI)
- This is your total Principal, Interest, Tax and Insurance (PITI) payment per month. This includes your principal, interest, real estate taxes, hazard insurance, association dues or fees and principal mortgage insurance (PMI). Maximum monthly payment (PITI) is calculated by taking the lower of these two calculations:
- Monthly Income X 28% = monthly PITI
- Monthly Income X 36% - Other loan payments = monthly PITI
- Maximum principal and interest (PI)
- This is your maximum monthly principal and interest payment. It is calculated by subtracting your monthly taxes and insurance from your monthly PITI payment. This calculator uses your maximum PI payment to determine the mortgage amount that you could qualify for.
- Start interest rates at
- The current interest rate you could receive on your mortgage. This is used as the starting point for displaying a range of interest rates and the resulting mortgage amount.
- Term in years
- The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.
The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
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Larry Sanders
RE/MAX Platinum
28301 Tomball Parkway, Ste. 600
Tomball, TX 77377
Office: 281-351-8886
Mobile: 281-850-8750
Toll-free: 1-888-751-8886
Fax: 888-213-8104
Email: LarrySanders@TXPlatinumProperties.com
There is no place like “HOME”, and Texas has been home to me for 52 years.
I am an Owner/Agent for ReMax Platinum, in Tomball, and I truly believe if you are successful in your community, you must give something back.
Texas Youth has always been where my heart is.
For years I served as a chairman for the Jr. Quarter Horse Show at the Houston Livestock Show and Rodeo. This Organization awards thousands of scholarships to deserving Students to further their education.
Then I found the Children’s Miracle Network. This organization, Connected with Texas Children’s Hospital, aides seriously ill children. In the past I have served on a Panel with the 2001 Miss America, Katie Harmon, and still today I host fundraisers for this life giving organization.
In addition, I am a member of the Cade-Rothwell Masonic Lodge and the Knights Templar these organizations contribute to numerous beneficial programs.
I will use my strong sense of community, my knowledge and experience, to serve you, as you search for your “HOME”.    
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