About this document
Calculate Your Maximum Mortgage Payment by api-309427868 is a document available to read on EtoBox.
Using three methods to calculate the maximum mortgage amount, the worksheet determines the borrower qualifies for a $301,424 loan. Method 1 uses a 28% PITI ratio to find a maximum monthly payment of $1,790, allowing a $374,948 loan. Method 2 uses a 36% PITI plus other debts ratio, giving a $1,439 maximum monthly payment and $301,424 loan. Method 3, using an 80% loan-to-value ratio, results in $0 since the borrower has no down payment funds. The conclusion is the borrower
- Author
- api-309427868
- Language
- EN