Among other things, mortgage qualification is primarily based on adding your “Proposed Monthly Home Expense” or PITI (Principal, Interest, Taxes, Insurance) + Other Monthly Obligations, giving us your Total Monthly Debt Obligation. We then divide that number against your pre-tax total monthly income which gives us your Debt-To-Income Ratio or DTI. The following calculator will give you an idea of your principal and interest payment.
Principal and Interest Calculator
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 | 3343Phone: 561-395-7241Info@fairwaymortgageinc.comLicensed in FL | NMLS # 384897