|
Mortgage
Qualifying Chart |
Mortgage companies and
banks usually determine your maximum
monthly mortgage
payment at 28% of your gross monthly income.
Use the chart below to
calculate the maximum monthly payment
you can afford.
|
Gross Yearly Income |
Max Monthly Payment |
|
$20,000 |
$467 |
|
$25,000 |
$583 |
|
$30,000 |
$700 |
|
$35,000 |
$816 |
|
$40,000 |
$933 |
|
$45,000 |
$1,050 |
|
$50,000 |
$1,167 |
|
$55,000 |
$1,283 |
|
$60,000 |
$1,400 |
|
$65,000 |
$1,516 |
|
$70,000 |
$1,633 |
|
$75,000 |
$1,750 |
|
$80,000 |
$1,866 |
|
$85,000 |
$1,983 |
|
$90,000 |
$2,100 |
|
$95,000 |
$2,216 |
|
|
