Farmers & Merchants Savings Bank

Mortgage Qualification Calculator
This calculator will help you to determine how much house you can afford and/or qualify for. Complete or change the entry fields in the "Input" column of all three sections. The calculator will automatically recalculate anytime you press the Tab key after making a change to an input field.
Purchase Information	Inputs	Outputs
Purchase price:
Down payment:
Loan amount:
Annual interest rate:
Length of the mortgage in years:
Payment Information	Inputs	Outputs (Monthly)
Monthly principal & interest payment:
Annual property taxes:
Annual insurance:
Annual PMI:
Monthly association fees:
Monthly payment (PITI):
Tax deductable portion of payment:
Qualifying Information	Inputs	Outputs
Gross income:
Monthly debt payments:
Qualify for loan?:
Maximum qualifying loan amount:
Current Income to payment ratio (max = 28%):
Current debt to income ratio (max = 36%):

Longer term loans may take a few moments for the report to be generated.