This is a simple mortgage calculator provided for your convenience - just fill in the boxes with the information pertaining to the property you are interested in and press Calculate!
Years: Interest: Loan Amount:
Annual Tax: Annual Insur:

Results
Monthly Prin + Int
Monthly Tax
Monthly Ins
Total Payment

Mortgage Qualification Tool

See how much home you can afford with our friendly mortgage qualifier
Desired 
Mortgage 		Desired Mortgage for new home
Years of
Mortgage 		Total Number of Years on Mortgage
Yearly 
Mortgage Rate (%) 		Interest Percentage of Mortgage
Yearly Property
Taxes 		Property Taxes on your new Home
Other Debt. Annual amount of installment Debt 
(Car, furniture, credit cards...)
Summary
Mortgage 
Payments 		Total 
Payments 		Required 
Income

The above income required to qualify is based upon the following two requirements:

1. Your monthly salary must be greater than 28% of the sum of the monthly mortgage and monthly tax payments.

2. Your monthly salary must be greater than 35% of the combined total of the monthly mortgage payment, monthly tax payment, and other monthly installment debt payments.

Disclaimer: This is a calculation tool, not an offer to lend.

Specializing in: Catawba Is., Port Clinton, Marblehead-Lakeside, Oak Harbor, Put-In-Bay, Kelley's Is.

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Pat Postma
Bolte Real Estate, Inc.
N.E. Catawba Road • Port Clinton, OH 43452
Office: (419) 797-6007 • Direct: (419) 797-6738
Office Fax: (419) 797-6002
E-Mail: pat@patpostma.com