|
This calculator tells you how much monthly gross income you may need to qualify for the home you want. Mortgage companies use ratios to analyze your mortgage payment, and you will be required to enter these below. The housing expense, or front ratio, compares your total mortgage payment to your monthly income. The total debt expense, or back ratio, compares your total monthly obligations including your total mortgage payment to your monthly income.
You will be required to enter specific information about your monthly property taxes and property value. Any other property information fields you leave blank will be assumed to be zero. In either case, the results displayed below are only estimates of the amount of income you may need to qualify for a loan. You will be provided with two income calculation amounts: aggressive and conservative. The aggressive income amount may be used to qualify for more non-conventional loan programs.
|
| | |
The results displayed above are only estimates and cannot be used to determine actual loan costs or be used as a guarantee. Please consult your tax advisor for information on the deductibility of interest for tax purposes. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation.
|
|
|
|
|
Caliber Funding LLC Corporate | Privacy & Security | Licensing & Disclosures
Caliber Funding LLC, 6031 Connection Drive, Suite 200, Irving, TX 75039 (NMLS #80636). 1-866-373-2968. Copyright©2010. All Rights Reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all dollar amounts. Other restrictions and limitations apply. Caliber Funding LLC is required to disclose the following license information: Alaska Mortgage Lender License No. MTGLN100015, Phone No. (480) 358-2000; Arizona Mortgage Banker License No. 0910478; Licensed by The Department of Corporations under the California Residential Mortgage Lending Act, Finance Lender Licensee; CO: Regulated by the Division of Real Estate. Colorado Supervised Lender License #990063-001, check the license status of your mortgage loan originator at http://www.dora.state.co.us/real-estate/index.htm; Georgia Residential Mortgage Lender License No. 23632; Illinois Residential Mortgage Licensee No. MB.6760640, by the Illinois Division of Banking, 320 West Washington St., Springfield, IL 62786, (217) 782-3000; Kansas Licensed Mortgage Company, License Number SL.0026203-BR.002; Minnesota: MN-MO 40135664, This is not an offer to enter into an agreement. Any such offer may only be made in accordance with the requirements of Minn. Stat. Section 47.206 (3) and (4); Montana Mortgage Lender License No. 80636; Licensed by the New Hampshire Banking Department; Licensed mortgage banker n.s.--N.J. Department of Banking; Ohio MBMB.850102.000; Licensed by the Pennsylvania Department of Banking; Texas Mortgage Banker License No. 85037; Licensed by the Virginia State Corporation Commission, License Number MC-5339; Washington Consumer Loan Company License No. CL-80636. |
Caliber Funding LLC Corporate | Privacy & Security | Licensing & Disclosures
Caliber Funding LLC, 6031 Connection Drive, Suite 200, Irving, TX 75039 (NMLS #80636). 1-866-373-2968. Copyright©2010. All Rights Reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all dollar amounts. Other restrictions and limitations apply. Caliber Funding LLC is required to disclose the following license information: Alaska Mortgage Lender License No. MTGLN100015, Phone No. (480) 358-2000; Arizona Mortgage Banker License No. 0910478; Licensed by The Department of Corporations under the California Residential Mortgage Lending Act, Finance Lender Licensee; CO: Regulated by the Division of Real Estate. Colorado Supervised Lender License #990063-001, check the license status of your mortgage loan originator at http://www.dora.state.co.us/real-estate/index.htm; Georgia Residential Mortgage Lender License No. 23632; Illinois Residential Mortgage Licensee No. MB.6760640, by the Illinois Division of Banking, 320 West Washington St., Springfield, IL 62786, (217) 782-3000; Kansas Licensed Mortgage Company, License Number SL.0026203-BR.002; Minnesota: MN-MO 40135664, This is not an offer to enter into an agreement. Any such offer may only be made in accordance with the requirements of Minn. Stat. Section 47.206 (3) and (4); Montana Mortgage Lender License No. 80636; Licensed by the New Hampshire Banking Department; Licensed mortgage banker n.s.--N.J. Department of Banking; Ohio MBMB.850102.000; Licensed by the Pennsylvania Department of Banking; Texas Mortgage Banker License No. 85037; Licensed by the Virginia State Corporation Commission, License Number MC-5339; Washington Consumer Loan Company License No. CL-80636. |
|
|
|
|
|
National Headquarters
Caliber Funding LLC
6031 Connection Drive, Suite 200
Irving, TX 75039
 (NMLS #80636)
Copyright © 2010 Caliber Funding LLC, All Rights Reserved
National Headquarters
Caliber Funding LLC
6031 Connection Drive, Suite 200
Irving, TX 75039
(NMLS #80636)
Copyright © 2010 Caliber Funding LLC, All Rights Reserved
|
|