Mortgage Qualifying Table - Easy to use table to determine how much money you qualify to borrow. Principle, Interest, Taxes and Insurance = P.I.T.I. All of these factors together give you your monthly payment. Add a Condominium Fee or Home Owners Association Fee if the home you want to buy is located in a Condo Association or HOA In Maryland or Virginia .

Mortgage rates make a lot of difference. Take a look at the table below and you'll see how rising interest rates reduce your buying power.

5% Down Financing

Home Price	Interest Rate	P.I.	Monthly Taxes	Property Insurance	Monthly Payment
$300,000 $300,000 $300,000 $300,000 $300,000 $300,000 $300,000 $300,000 $300,000 $300,000 $300,000 $300,000 $300,000	5% 5.25% 5.5% 5.75% 6% 6.25% 6.50% 6.75% 7% 7.25% 7.5% 7.75% 8%	$1,810 $1,656 $1,703 $1,750 $1,799 $1,847 $1,896 $1,946 $1,996 $2,047 $2,098 $2,149 $2,201	$160 $160 $160 $160 $160 $160 $160 $160 $160 $160 $160 $160 $160	$40 $40 $40 $40 $40 $40 $40 $40 $40 $40 $40 $40 $40	$1,810 $1,656 $1,703 $1,750 $1,799 $1,847 $1,896 $1,946 $1,996 $2,047 $2,098 $2,147 $2,201

Income needed to qualify @ 30% LTV

P.I.	Taxes	Insurance	P.I.T.I.	Approximate Insurance	Income to Qualify
$1,810 $1,656 $1,703 $1,750 $1,799 $1,847 $1,896 $1,946 $1,996 $2,047 $2,098 $2,147 $2,201	$160 $160 $160 $160 $160 $160 $160 $160 $160 $160 $160 $160 $160	$40 $40 $40 $40 $40 $40 $40 $40 $40 $40 $40 $40 $40	$1,810 $1,856 $1,903 $1,951 $1,998 $2,047 $2,096 $2,146 $2,196 $2,246 $2,298 $2,349 $2,401	5% 5.25% 5.5% 5.75% 6% 6.25% 6.5% 6.75% 7% 7.25% 7.5% 7.75% 8%	$70,000 $73,000 $75,000 $78,000 $80,000 $83,000 $85,000 $88,000 $90,000 $93,000 $95,000 $98,000 $100,000

Taxes and Insurance vary from county to county. The above shows the higher income needed to qualify at increasingly higher interest rates.