| Notes: This calculation
does not represent either a pre-approval or loan
application. The calculator is a free service. There is
no guarantee as to its accuracy or suitability.
Conventional guidelines were used to calculate the
results. Other factors may come into play. Please note
that you have to allow for normal closing costs and
points (unless you choose a no cost, no points version.)
You can obtain a current quote or pre-approval by
completing the application
page or by calling us at (800) 246-0310. Most home loan programs have ratio guidelines based on your Principal and Interest payment, Taxes and Insurance (PITI). They take your loan payment, property taxes, hazard insurance* and association dues and divide it by your gross income. This normally should not exceed 28%. Add in your other monthly payments such as credit cards and car loans and that ratio should not exceed 36%. There is some flexibility, but 28/36 is the normal ratio. *not included if you own a condo |