Quick Mortgage Qualifier

The following chart is designed to help prospective Vermont home buyers determine the amount of mortgage financing they can qualify for, based on a 30 year fixed mortgage.

The chart assumes an income to principal & interest payment ratio of 33% and a 20% down payment. Vermont Homebuyers may qualify for more or less depending on credit history, employment stability, amount of down payment, and the type of loan they are considering.

Contact us for all your Vermont home buying questions.

Interest 5% 5.50% 6% 6.50% 7% 7.50% 8%
Income
$30,000 $153,600 $145,300 $137,600 $130,500 $124,000 $117,900 $112,400
$34,000 $176,000 $166,400 $157,600 $149,500 $142,000 $135,100 $128,700
$38,000 $196,500 $185,800 $175,900 $166,900 $158,500 $150,800 $143,700
$42,000 $217,200 $205,300 $194,400 $184,400 $175,200 $166,700 $158,900
$46,000 $237,800 $224,900 $212,900 $202,000 $191,900 $182,600 $174,000
$50,000 $258,500 $244,400 $231,500 $219,500 $208,600 $198,500 $189,100
$54,000 $279,400 $264,100 $250,100 $237,300 $225,400 $214,500 $204,400
$58,000 $300,000 $283,700 $268,700 $254,800 $242,100 $230,400 $219,500
$62,000 $320,700 $303,200 $287,200 $272,400 $258,800 $246,200 $234,600
$66,000 $341,400 $322,800 $305,700 $290,000 $275,500 $262,100 $249,800
$70,000 $362,100 $342,300 $324,200 $307,500 $292,100 $278,000 $264,900
$74,000 $382,800 $361,900 $342,700 $325,100 $308,800 $293,900 $280,000
$78,000 $403,400 $381,400 $361,200 $342,600 $325,500 $309,700 $295,100
$82,000 $424,100 $401,000 $379,700 $360,200 $342,200 $325,600 $310,300
$86,000 $444,800 $420,500 $398,200 $377,800 $358,900 $341,500 $325,400
$90,000 $465,700 $440,300 $416,900 $395,500 $375,700 $357,500 $340,700
$94,000 $486,300 $459,800 $435,400 $413,000 $392,400 $373,400 $355,800
$98,000 $507,000 $479,400 $454,000 $430,600 $409,100 $389,200 $370,900
$100,000 $517,300 $489,000 $463,100 $439,300 $417,400 $397,100 $378,400

 

 

 

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