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Mortgage Charlotte North Carolina and surrounding areas Jeff Douglas.
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Affordability Calculator
Use the calculator below for an estimate of how much mortgage you can afford. Please be aware that depending on loan programs available and your creditworthiness, you may qualify for a larger mortgage. Please speak to one of our Mortgage Consultants to discuss loan scenerios that are specifically tailored to your needs and financial situation.
Desired mortgage amount:
Mortgage length (in years)
Interest %
Annual property tax
Total monthly payments not including mortgage (car, loans, credit cards, etc).
 



Summary
Monthly Principal + Interest
Total Monthly Obligations
Required Salary
Listed below are the basic guidelines of how our industry determines how much of a mortgage payment you qualify for.

 
 
1. Your gross (before taxes) monthly salary should be greater than 28% of the sum of the monthly mortgage and monthly tax payments.
 
2. Your gross (before taxes) monthly salary should be greater than 36% of the sum of the monthly mortgage, monthly tax and other monthly debt payments.
   


Loan Calculators are tools designed to help you. However, we can help you know exactly what you qualify for. Please call us so that we can be of service to you.


Wyndham Capital Mortgage
4600 Park Road, Suite 200
Charlotte, NC  28209
1-888-923-9911
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