**IMPORTANT:** Numeric entry fields must not contain dollar signs, percent signs, commas, spaces, etc. (only digits 0-9 and decimal points are allowed).

Click the **Terms** tab above for a more detailed description of each entry.

#### Step #1:

Enter your gross annual household income. Clicking the "+" icon will reveal a calculator for annualizing and totaling up to 5 income sources at once.

#### Step #2:

Enter the total of all non-mortgage debt payments. Clicking the "+" icon will reveal a calculator for combining up to 10 debt payments into a single amount.

#### Step #3:

Enter the amount of the down payment you think you could manage to come up with.

#### Step #4:

Enter the annual interest rate of the mortgage you are considering taking out.

#### Step #5:

Enter the monthly insurance premium you would expect to pay. Clicking the "+" icon will reveal a calculator for estimating your premium.

#### Step #6:

Change the default annual property tax percentage if you feel it is too high or too low for your neighborhood.

#### Step #7:

Select the mortgage term in the number of years.

#### Step #8:

Change the default ratios if you feel they are set too high or too low for your situation.

#### Step #9:

Click the "Calculate Mtg Qualification" button. The calculator will then determine if you would qualify for a mortgage, and if so, tell you the mortgage amount and the home price amount. If you qualify for a mortgage, the results will also include buttons for a printer-friendly report and a mortgage amortization schedule.

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