Enter your gross annual household income. Clicking the "+" icon will reveal a calculator for annualizing and totaling up to 5 income sources at once.
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.
Enter the amount of the down payment you think you could manage to come up with.
Enter the annual interest rate of the mortgage you are considering taking out.
Enter the monthly insurance premium you would expect to pay. Clicking the "+" icon will reveal a calculator for estimating your premium.
Change the default annual property tax percentage if you feel it is too high or too low for your neighborhood.
Select the mortgage term in number of years.
Change the default ratios if you feel they are set too high or too low for your situation.
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.
Scrolling & Shrinking:
In order to scroll the calculator vertically you will need to swipe just outside of the calculator's dark-blue border, or use the window's far right-hand scroll bar, whichever is applicable to your device.
If the top section of the calculator becomes to tall for your viewport, tapping in the "Enter a problem..." field should reset the top section to its original height.
The Algebra Calculator is the only calculator on the site that I did not create myself. And since I did not create it, I don't have access to the code for fixing any issues you may be experiencing. So if you are having issues with the calculator, please visit the support page at Mathway.com for assistance.