Mortgage Calculator
Among other considerations, mortgage qualification is primarily based on the following metrics:
Proposed Monthly Home Expense (Principal, Interest, Tax, Insurance or “PITI“)
+ Other Monthly Expenses
=Total Monthly Debt Obligation
Then,
Total Monthly Debt Obligation
/ Pre-Tax Monthly Income
=Debt -to-Income (DTI) Ratio
The following calculator will estimate your potential principal and interest payment (note: excludes taxes and insurance which would need to be added to the principal interest to better estimate the total PITI payment).
Taxes and insurance will vary based on property. If you have a specific property in mind, please feel free to contact us so that we may provide you with a more accurate payment.
Have Questions?
Give us a call at 561-395-7241 or Provide your information and one of our loan officers will contact you directly.
2499 Glades Road | Suite 304| Boca Raton, FL | 33431
Phone: 561-395-7241
info@fairwaymortgageinc.com
NMLS # 384897 | Licensed in FL