Mortgage loan & income prequalification calculator

Animated calculatorThis income calculator will assist you in estimating your monthly income for mortgage preapproval and determining the debt to income ratio. The first step to prequalify for a mortgage loan is to calculate your monthly income. Mortgage companies and loan underwriters will look at your monthly income from a variety of angles. The following prequalification calculator will convert hourly, twice monthly, bimonthly, and year to date income to monthly income. The prequalification calculator will also convert yearly income to monthly income. Use the Genworth cash flow calculator to estimate the monthly income for the self employed mortgage. The Debt & Assets page will estimate the net proceeds from a home sale. This calculator prints best with Google Chrome

           

Monthly Income Calculator | Monthly Debt & Assets |

COMBINED MONTHLY INCOME  
 
Additional Monthly Income   Additional Monthly Income
Employer Monthly Income   Employer Monthly Income
 
 
 
 
Total       Total    
 
 
MONTHLY INCOME   MONTHLY INCOME
 
 
YEAR TO DATE CALCULATOR   YEAR TO DATE CALCULATOR
Year to Date Income   Year to Date Income
Start Date   Start Date
End Date   End Date
Monthly Income   Monthly Income
Annual Income   Annual Income
Add to total   Add to total
 
 
GROSS MONTHLY INCOME   GROSS MONTHLY INCOME
INCOME   INCOME
PAY FREQUENCY   PAY FREQUENCY
Monthly Income   Monthly Income
Annual Income   Annual Income
Add to total   Add to total
 
 
HOURLY RATE CALCULATOR   HOURLY RATE CALCULATOR
Hourly Rate   Hourly Rate
Number of Hours per Week   Number of Hours per Week
Pay Frequency   Pay Frequency
Monthly Income   Monthly Income
Annual Income   Annual Income
Add to total   Add to total
 
 
INCOME AVERAGE (Self Employment, Unemployment, etc.   INCOME AVERAGE (Self Employment, Unemployment, etc.
 
 
 
 
TOTAL   TOTAL
Average by Months   Average by Months
Monthly Income   Monthly Income
Annual Income   Annual Income
Add to total   Add to total
 
 
MONTHLY GROSS UP (Social Security, Pension, etc.)   MONTHLY GROSS UP (Social Security, Pension, etc.)
MONTHLY INCOME   MONTHLY INCOME
Gross up percentage   Gross up percentage
Monthly Income   Monthly Income
Annual Income   Annual Income
Add to total   Add to total
 
 
Child Support   Child Support
MONTHLY INCOME   MONTHLY INCOME
Gross up percentage   Gross up percentage
Monthly Income   Monthly Income
Annual Income   Annual Income
Add to total   Add to total
 
INSTRUCTIONS:
1. Click on the "Add to total" box to add income above
2. If you are confronted with a number of paystubs or w-2's, analyze each paystub with the income tools and enter the result of each employer in the "Additional Monthly Income" boxes above. For example, union workers frequently have multiple employers with irregular earnings, simply analyze each employer one by one and enter above.
3. The boxes above each calculator can be used to name the calculation
4. Twice a month is equal to 24 pay periods per year
5. Every other week is equal to 26 pay periods per year (i.e.. Biweekly)