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Payment/Prequalification Calculator

Buyer Resources

P&I PAYMENTS FOR EACH $1K BORROWED

Rate

4.0

4.5

5.0

5.5

6.0

6.5

7.0

7.5

8.0

8.5

9.0

9.5

10.0

30 YRS

4.77

5.06

5.36

5.68

6.00

6.32

6.65

6.99

7.34

7.69

8.05

8.41

8.78

15 YRS

7.39

7.64

7.90

8.18

8.44

8.71

8.99

9.27

9.56

9.85

10.14

10.44

10.75

Payment/Prequalification Calculator

Enter Income, Debt & Home Purchase Info.

Gross Monthly Income

Monthly Debt

(If you are not retaining your current residence, exclude your current housing costs.)

Home Purchase Price

Down Payment

Estimated Interest Rate

Years To Repay

View Amount Borrowed, Estimated Monthly Payments

Amount Borrowed

Principal & Interest Payment

Homeowners Insurance

(Insuring amount borrowed)

Property Taxes

Total Housing Pymt

Front Ratio

(Percentage of gross monthly income that will go towards housing debt.)

Back Ratio

(Percentage of gross monthly income that will go towards all debt.)

Interpret Pre-Qualifcation Results

Notes: Monthly insurance and taxes are estimated. See your local insurance agent and taxing authority for rates in your area. Applicable mandatory homeowners association would be considered, but are not included in the above calculations. This tool is for estimation purposes only. Contact a mortgage professional for a complete pre-qualification analysis.