02 · Income qualification
Income qualification
Max qualifying · 6.750% · 30 yr · 43% back
Income sources
$/yr
100%
$/yr
100%
$/yr
100%
$/yr
75%
Monthly debts
$/mo
$/mo
$/mo
DTI targets
28%
%
Loan assumptions
%
Term
$
$
$
Max qualifying loan
$$1.07M
At 6.750% / 30 yr · $6,912.17 P&I · 43% back-end DTI
Front-end DTI
Housing / gross
Back-end DTI
All debt / gross
Residual income · monthly
$6,533
Qualifying income less estimated taxes, PITI, and monthly obligations.
Gross income / mo
$20,750
Qualifying income / mo
$20,417
Est. taxes
−$5,104
PITI
−$7,589
Other debt
−$1,190
Back-end DTI
43.0%
Qualifying income
| Source | Usable | Annual |
|---|---|---|
| W-2 base | 100% | $154,000 |
| W-2 bonus · 24mo avg | 100% | $31,000 |
| Self-employed K-1 | 100% | $48,000 |
| Rental · net | 75% | $16,000 |
| Total qualifying | $245,000 |
Monthly debts
| Debt | Monthly |
|---|---|
| Credit cards · min payments | $380 |
| Auto loan | $520 |
| Student loans · IBR | $290 |
| Total | $1,190 |
For pre-qualification modeling only. Equal Credit Opportunity Act (ECOA / Reg B) prohibits credit decisions from this tool. Qualifying income treatment, DTI thresholds, and program eligibility must be confirmed by an authorized underwriter.