Tools & Calculators - Loan Qualifier
Use this form to determine your monthly loan payment and get an estimate on how much you can borrow.
|Your Max. Monthly Payment (P+I) is||-|
|You May Qualify for a Max Loan of||-|
INSTRUCTIONS: Fill in all fields in the top table. Once all fields have been entered, your loan qualifier information will automatically appear in the lower table. Enter only numerical data and decimal points. Do not use dollar signs, percent signs, commas or other non-numerical symbols. For example, "ten thousand" should be entered as 10000 or 10000.00 but not 10,000 or 10,000.00 or $10,000. Enter monthly amounts for all income and expense items. For example, if your gross annual salary is $48,000, enter your "Salary/Wages" as 4000. Enter the loan term in years. Enter the interest rate as the following examples show: 8, not .08 or 8%; 7.5, not .075 or 7.5%.
DISCLAIMER: Please note that the accuracy of this calculator and its applicability to your particular circumstances is not guaranteed. Before investing or making material financial decisions, you should always obtain personal advice from qualified professionals.
Calculator Logic Copyright © 1998 - 1999 Desert Cactus Software Corporation.