Palm Properties, Inc.

1726 W. Belmont Avenue Chicago, IL 60657 Bus: 773-472-7256 Fax: 773-472-5202

Mortgage Prequalification Calculator

To calculate your maximum monthly payment, fill out the form and click "Calculate"

Monthly Income

Pre-tax Income (salary):
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Self-employment Income:
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Second Job:
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Dividends:
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Interest:
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Pension:
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Social Security:
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Rental Income:
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Child Support, etc.:
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Other:
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Monthly Expenses

Car Payment:
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Furniture Loan:
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Appliances:
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Boat or RV Loan:
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Credit Cards & similar debts:
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Student Loan:
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Other Payments:
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Pre-Qualification Ratio

Choose a ratio:
28/36 29/41

The Housing Ratio consists of the monthly housing payment to total gross monthly income ratio. This ratio is used by lenders to determine the maximum monthly payment a lender is likely to allow you to carry based on your income alone. The first ratio is more conservative. The second ratio is more liberal.

Please note that all calculations are estimates. You may qualify for a different monthly payment than the one shown here.