Loan Amount – Maximum
1. Calculate Maximum Monthly Loan Amount PMT = (Annual Salary/12) x % of income – any other $ restrictionsN = Mortgage Years x 12I = %Amount/12PV = Solve for ?2. Add down Payment
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Loan Amount – Maximum
1. Calculate Maximum Monthly Loan Amount PMT = (Annual Salary/12) x % of income – any other $ restrictionsN = Mortgage Years x 12I = %Amount/12PV = Solve for ?2. Add down Payment