How Much Can I Borrow?

This is a question asked frequently by potential borrowers.
There are a lot of variables that can effect the amount a client can borrow.
We have provided this formula to help give you an estimate of what you
can borrow based on your current income and debt.
Call a Trinity Mortgage loan officer today for a more exact prequalification.

Gross Income:  Your base income not including any overtime or bonuses that you receive. If you are self employed or commissioned use an average of your past 24 months.

Monthly Debt:  This would be a total of your monthly payments not including your new or existing house payment or rent. These payments should include car payments, credit cards, personal loans, student loans, and child support. Do not  include car insurance, utility payments or other living expenses in your monthly debt total.

Income Qualification Calculator
Income
Monthly Income: $
Monthly Debt
Total Monthly Debt: $
Loan Term and Interest Rate
Loan Term: Yrs. Interest Rate: %
Down Payment :
(must be 5% of sales price)
 $
 
Maximum Principle & Interest: $
Estimated Taxes and Insurance would be: $
Maximum Sales Price: $

 

Meet our loan representatives. Contact information and e-mail addresses. Mortgage Term Dictionary. Cut through the jargon with this list of common mortgage terms and definitions. Some of our different loans defined. Know which loan works best for your situation. Real Estate Benefits
BackHome Calculate your payments with tis quick and easy chart. Up to date rates chart. Fill out this starter application on line and our loan officers will contact you with the results.
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Trinity MI
1551 West Dupont Rd.
Fort Wayne, IN 46825
Phone: (260) 485-3660
Toll Free: 1-800-818-2037
Fax: (260) 485-2038
E-Mail: info@trinitymi.com