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Mortgage Payment Calculator

Calculate your Maximum mortgage payment
(Note this figure "allows for no debt"):

Gross Monthly Income _ _ _ _

X 0.28

= Maximum Mortgage payment _ _ _ _

Calculate your Maximum mortgage payment
(Note this figure "allows for your revolving debt"):

Gross Monthly Income _ _ _ _

X 0.36

= Maximum monthly Debt _ _ _ _

Minus (-) Present Monthly Debt _ _ _ _

= Maximum Mortgage Payment _ _ _ _