How much income do I need to qualify ? Loan Information Down Payment ($) Interest Rate (%) Length of Loan (Yrs) Front Ratio (%) Back Ratio (%) Property Information Home Value ($) Taxes & Insurance Annual Taxes ($) Annual Hazard Insurance ($) Estimate for me Let me enter manually Do not include Results Property Selling Price: $190,000.00 Down Payment: $40,000.00 Loan Amount: $150,000.00 Monthly Principal & Interest: $1,100.65 Monthly Real Estate Taxes: $174.17 Monthly Hazard Insurance: $82.33 Monthly PMI: $0.00 Total Mortgage Payment: $1,100.65 Income Needed for Payment: $3,668.82 Allowable Debt Payments: $220.13 Explanation Mortgage lenders use ratios to analyze your mortgage payment and determine how much loan you qualify for. The front ratio used in this calculation is 30.00%, or (1,100.65 / 3,668.82). This ratio compares your total mortgage payment to your monthly income. The back ratio is 36.00%, or [(1,100.65 + 220.13) / 3,668.82]. This ratio compares your total monthly debt obligations including your total mortgage payment to your monthly income. Disclaimer: We cannot guarantee the accuracy of this calculator. You should check with your finance provider before entering into any contracts.