Salary Requirements For Mortgage

This calculator will give you an idea of what salary level is required to prequalify for a desired mortgage loan amount. Conventional loan programs typically require that your gross pre-tax income be greater than the sum of your mortgage, tax and other debts divided by .35 . Your salary must also be higher than your mortgage and tax payments divided by .28. Note that this calculator is for estimating what you might be prequalified for and in no way replaces the guidelines set by your lender. The figures, while believed to be accurate, are not guaranteed and do not reflect PMI or other factors that may influence the calculations.