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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

Carolina Heritage Realty     411 East 20th Street     Newton, NC 28658
Phone:  828.465.6259     Fax:  828.465.6263
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