Places to Live in Madison - Cherokee Real Estate

1st Payment Year
Mortgage Amount
Interest Rate		%
Mortgage Length		Years
Payment Frequency
Payment Amount
Total Interest

Is Your Income Sufficient to Qualify?
Use this to get an estimate of what you will need as an income to qualify for the home you would like.
	Desired Mortgage for new home
	Total Number of Years on Mortgage
	Interest Percentage of Mortgage
	Annual Property Taxes (on your new Home)
	Total Monthly Payments in Non-Mortgage Debt (i.e. car, student loans, credit cards, etc)


Summary
Principal & Interest	Total Housing Payment (Tax & Insurance included)	Required Salary

Estimated required salary is based on traditional underwriting guidelines. If you do not meet the estimated required salary computed, you should not assume you will not qualify. Many factors are involved in a loan approval, including down payment, prior credit history, and assets, among other things.

DISCLAIMER: The prequalification figures above are based upon program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, but not guaranteed. Further review is necessary to obtain an exact pre-qualification.