Bad Credit Loan

Interest Only Loan Payments / Calculators

Calculate Interest Only Loan Payments by inserting the appropriate loan variables in the calculator below.

Total Number of Payments

Interest Only Payment

Mortgage Qualify Calculator

See if Your Income is Sufficient to Qualify.

Desired Mortgage for New Home
Mortgage Length	Years
Interest	%
Annual Tax
Total Monthly Payments in Non-Mortgage Debt


Summary
Monthly Principal + Interest
Total Housing Payment (tax & insurance included)
Required Salary

Your salary must meet the following two conditions: Your gross (pre-taxes) monthly salary must be greater than 28% of the sum of the monthly mortgage and monthly tax payments. Your gross (pre-taxes) monthly salary must be greater than 35% of the sum of the monthly mortgage, monthly tax and other monthly debt payments. DISCLAIMER: The prequalification figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required. Having trouble obtaining a loan because of your faulty credit history? If so, contact Bad Credit Loan today for a quote.

Principal and Interest Loan Payments / Calculator

Calculate Principal and Interest Loan Payments by inserting the appropriate loan variables in the calculator below.

Total Number of Payments

Principal and Interest Payment