This tool is used to compute the monthly principal,
interest, taxes and insurance
(PITI) payment and determine whether you qualify for a loan with your current level of income and debt. To compute, you must enter
data for Annual Income, Sales Price, and
Interest Rate. The other fields are optional. When all fields have been entered click the "Compute" button. To qualify, your
Housing Expense Ratio must be 28% or less, and your
Total Debt Ratio must be 36% or less.