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Calculators

Skip Navigation LinksMortgage Qualification

Are You Ready To Qualify?

Use this calculator to determine the mortgage for which you are qualified. Then talk to your FRMC advisor to request a customized mortgage solution.

Principal / Loan Amount: $
Repayment Period (Years):
Interest Rate: %
Annual Tax Amount: $
Annual Insurance: $
 


Monthly Mortgage Payment Total Payment Minimum Required Salary
Note:
The monthly salary must be greater than 28% of the sum of the monthly mortgage and monthly tax payments.

The monthly salary must be greater than 35% of the sum of the monthly mortgage, monthly tax and other monthly debt payments.


 
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