How Much Can I Afford?

Estimates a required salary for a desired mortgage.

See if Your Income is Sufficient to Qualify

 

Summary

Your salary must meet the following two conditions:
  1. The sum of your monthly mortgage (principal and interest), monthly property tax and monthly homeowners insurance must be less than 28% of your gross (pre-tax) monthly income.
  2. The sum of your monthly debt payments including but not limited to your monthly mortgage payment (principal and interest), monthly property taxes, monthly home owners insurance, monthly car payments, monthly student loan payments and other monthly debt payments must be lower than 35% of your gross (pre-tax) monthly income.
DISCLAIMER: The prequalification figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.

Click Mortgage, a Division of Golden Bear Capital, Inc  | 10650 Scripps Ranch Blvd. #230 San Diego Ca 92131​ | Phone: 888-440-3001 | Fax: 888-500-5815
Click Mortgage, a Division of Golden Bear Capital, Inc (NMLS# 284021) is licensed by the California Department of Business Oversight (CFL License# 603H185) and the California Bureau of Real Estate (License #01847011), Nevada Division of Mortgage Lending License #4043), Utah Division of Real Estate (License #6332409), Missouri Company Registration (License# 17-2326), Colorado Mortgage Company (License# 284021), Arizona Mortgage Bankers License (License # 0943215), Texas SML (License #284021)   . 

We are licensed to lend in the following states: CA, CO, NV, UT, AZ, TX, MO | NMLS Consumer Access