Bank Of The Commonwealth - Mortgage Banking

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How much income do I need to buy?

Tell us about the house you're interested in, and we'll tell you how much income you'll need to qualify:

Sales Price of the Home:

Anticipated Down Payment Percent:

Estimated Interest Rate:

Estimated Annual Property Taxes:

Estimated Annual Homeowners Insurance:

Estimated Total Monthly Debts:

(Do not include your current housing expenses or debts you plan to pay off.)

Select the Term of the Loan in years:

Estimates are based on typical conventional fixed rate financing for the term of the loan selected. The APR is based on a 1% origination fee and customary closing costs. Actual results may vary based on specific loan characteristics, product type, or property location.

Note: The results provided by this calculator are intended for comparative purposes only. The accuracy of the results is not guaranteed. Any differences between these results and those provided by other lending institutions may be due to rounding or slight differences in mathematical formulas used.