Income Requirement Calculator*
How much income do I need to buy a specific home? The Income Requirement Calculator determines the amount of monthly income you need to qualify for a loan based on an input purchase price, down payment, and loan conditions. You can then contact a lending institution or mortgage broker with these estimates. Once you are pre-approved you will be in a stronger negotiating position when making an offer on a piece of property.
*For use with JavaScript-enabled browsers Internet Explorer 4.01, Netscape Navigator 3.0 and AOL 4.0 (or later versions).
Enter Data Here   Your Estimated Results
Property Sales Price - $*   Mortgage Amount
Down Payment - %     Down Payment
Closing Costs - %     Closing Costs
Monthly Obligations - $*   Down Payment & Closing Costs
     
Taxes and Insurance    Monthly Loan Payment
Annual Property Tax - %    Monthly Property Tax
Annual Hazard Insurance- %    Monthly Hazard Insurance
Annual Condo Fee - $    Monthly Condo Fee
Loan Conditions    Monthly PMI Insurance
Annual Interest Rate - %   Monthly Housing Expense
Loan Term - years   Monthly Income Required
     
 
* Entries are required. Click on underlined items for help.   © 1998-2004 Liz Martin. All rights reserved.
A loan amortization table will take from 5 to 40 seconds to compute depending on the speed of your computer's processor. Computers with limited memory may experience a memory error.
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Coldwell Banker Phone: (707) 535-8722
600 Bicentennial Way, Suite 100 Fax: (707) 527-0617
Santa Rosa, CA 95403 e-mail: lizmartincb@yahoo.com
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Copyright © 1998-2007 Liz Martin. All rights reserved.