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  Scott  Rheinhart
Wintrust Mortgage
601 Carlson Parkway
Suite 1550
Minnetonka
MN
55305
612-281-9990
srheinhart@wintrustmortgage.com
scott.rheinhart@gmail.com
 

Pre-Qualification
Use this calculator to determine a home purchase price that you may qualify for
 
Income and Debts:
Enter Annual Income Figures
Borrower 1 + Borrower 2 =
Enter the total of your regular monthly debts
 
Maximum Debt Ratio equals - This can range from approximately 38 to 55%
 
Total monthly income available for housing payments =
 
 
Property Expenses & Loan Terms   Monthly
Expected Annual Real Estate Taxes
 
 
Annual Home Owners or Hazard Insurance equals
 
 
Monthly Condo, Coop or Association Fees will equal
 
 
If making less than a 20% down payment, calculate approximate MI/PMI
 
Loan Term = Rate =
Cost per $1,000 of loan amount =
 
 
Maximum Potential Loan Amount available
 
Down Payment Funds Available (be sure to leave enough for closing costs, pre-paid taxes, insurance, etc.)
 
Maximum Purchase Price (potential loan amount plus down payment funds)
 
While this analysis can be very accurate, there are also a world of factors that impact the ability to qualify for any particular loan amount or purchase price. This is a good starting point and an easy way to begin to understand how the process works. However, it shouldn't be used as a substitute for a more comprehensive analysis. The Quick Qualification Analysis Calculator should be used to explore further or you may contact me at any time to help you determine what may be appropriate for you.


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This information does not constitute an application nor a Good Faith Estimate. Every effort has been made to assure the accuracy of the information and mathematical calculations provided by these calculators however, the provider, makes no guarantee and maintains no liability for use of or reliance upon the results. These calculations represent "what if" scenarios, are educational in nature and where projections are illustrated, they are not intended to predict future performance of the markets and/or specific properties.
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