Mortgage Qualification Calculator Note: the required salary must meet the following two conditions: The monthly salary must be greater than 28% of the sum of the monthly mortgage and monthly tax payments. The monthly salary must be greater than 35% of the sum of the monthly mortgage, monthly tax and other monthly debt payments. Desired Mortgage Desired Mortgage for new home Years of Mortgage Total Number of Years on Mortgage Yearly Mortgage Rate (%) Interest Percentage of Mortgage Yearly Property Taxes Annual Property Taxes on your new Home Other Debt. Other Yearly Debt (School, Car, ...) Summary Mortgage Payments Total Payments Required Salary Note: These calculations are beleived to be accurate but keep in mind they are estimates only.