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Loan Status

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Calculators
Owning Vs. Renting
Qualifying Ratio
Monthly Payments
Annual Ownership

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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.
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