Mortgage Qualification Calculator


* Required
Monthly Gross Income				Monthly Payments¹
Base Salary:*	$			Auto Loans:	$
Overtime:	$			Student Loans:	$
Bonuses:	$			Credit Card Payments:	$
Commissions:	$			Other Loans:	$
Dividends/Interest:	$			Child Support/Alimony:	$
Other Income:	$

Prospective Loan Information
Mortgage Rate: *		%		Mortgage Term: *		Years
Property Tax Rate:		%	OR	Annual Property Tax Amount:	$
Property Insurance Rate:		%	OR	Annual Premium:	$
Condo. Association Fee:	$			Miscellaneous Expenses:	$

Rental Property Information
Please enter total income and expenses for all rental property owned.
Rental Income per month:	$			Miscellaneous Expenses:	$
Total Mortgage payments:	$			Insurance per month:	$
Property Tax per month:	$

¹ Do not include any loans that will be paid off within 10 months.

Choice Home Loans - 250 Center Drive Suite 102 - Vernon Hills, IL 60061
Office Phone: (847) 550-8000 Fax: (847) 550-8014 Corporate Office: (847)968-2500

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IAMB - Illinois Association of Mortgage Brokers

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