Owning Vs. Renting
Qualifying Ratios
Monthly Payments
Annual Ownership
Quick Qualifier
Land/Home Financial Calculators
Qualifying Ratios
Sale Price of Home
Percent (%)
or Down Payment
Term of Loan (in Years)
Interest Rate (% of 100)
Dollar Amount Financed
Monthly Payment
Annual Loan Cost
Combined Hshld Mthly Gross Income
Monthly Auto Loan Payment
Other Recurring Payments
Other Debt
TOTAL Monthly Debt
RATIO OF HOUSING COST TO INCOME
%
This value should be
<= 28%
for conventional loans, and
<= 29%
for HUD/FHA loans
RATIO OF (HOUSING COST + DEBT) TO INCOME
%
This value should be
<= 36%
for conventional loans, and
<= 41%
for HUD/FHA loans
MINIMUM MONTHLY INCOME NEEDED TO QUALIFY
* Ratio limits are also determined by credit scores and down payments.
Land/Home Financial Calculators
