Offering home mortgage, home loans, refinancing, debt consolidation in Providence, MA, NH, RI, CT, Michigan, California, Florida and New York

Shamrock Financial - New England Mortgage Company

How Much Can I Afford

See if Your Income is Sufficient to Qualify
Desired Mortgage for New Home:
Mortgage Term: Years
Interest Rate/APR: %
Annual Tax:
Total Monthly Payments in Non-Mortgage Debt (i.e. car, student loans, credit cards, etc).:
  
Summary
Monthly Principal + Interest:
Total Housing Payment (tax & insurance included):
Required Salary:

Your salary must meet the following two conditions:

  1. Your gross (pre-taxes) monthly salary must be greater than 28% of the sum of the monthly mortgage and monthly tax payments.
  2. Your gross (pre-taxes) monthly salary must be greater than 36% 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.
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Massachusetts Mortgage Refinance and Equity Loan License: MC 3303 (Massachusetts Mortgage Lender and Broker)
Rhode Island Mortgage Refinance and Equity Loan License: 20021402 LL, 91000518 LB
Illinois Mortgage Refinance and Equity Loan License: MB 6759993
Connecticut Mortgage Refinance and Equity Loan License: 2373,951
Maine Mortgage Refinance and Equity Loan License: SLM8104
Florida Mortgage Refinance and Equity Loan License: CL 0702690
New Hampshire Mortgage Refinance and Equity Loan License: 7688-MB (Licensed by the N.H. Banking Department)
California Mortgage Refinance and Equity Loan License: 603 8566
Virginia Mortgage Refinance and Equity Loan License: MLB-1274 (Licensed by the Virginal State Corporation Commission)
New York Mortgage Refinance and Equity Loan License: LMBC NO 105170 (Licensed Mortgage Banker by NY State Banking Department)