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Calculating income for mortgage underwriting

This debt to income calculator will assist you in estimating your monthly income for mortgage preapproval and determining the debt to income ratio. The first step to prequalify for a mortgage loan is to calculate your monthly income. Mortgage companies and loan underwriters will look at your monthly income from a variety of angles. The following prequalification calculator will convert hourly, twice monthly, bimonthly, and year to date income to monthly income. The monthly debt page will add up the monthly obligations. The pre-qualification tutorial will guide you through the operation of the calculator. Please send me an E-mail if you see an error or want to make a comment.

| Monthly Income Calculator | Monthly debt |

COMBINED MONTHLY INCOME					Debt to Income Ratio
MONTHLY INCOME					MONTHLY INCOME
YEAR TO DATE CALCULATOR					YEAR TO DATE CALCULATOR
Year to Date Income					Year to Date Income
Start Date	JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER	1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31	2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023		Start Date	JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER	1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31	2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
End Date	JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER	1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31	2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023		End Date	JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER	1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31	2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Monthly Income					Monthly Income
Annual Income					Annual Income
Add to total					Add to total
GROSS MONTHLY INCOME					GROSS MONTHLY INCOME
INCOME					INCOME
PAY FREQUENCY		Weekly Twice a month Every other week Monthly Income			PAY FREQUENCY		Weekly Twice a month Every other week Monthly Income
Monthly Income					Monthly Income
Annual Income					Annual Income
Add to total					Add to total
HOURLY RATE CALCULATOR					HOURLY RATE CALCULATOR
Hourly Rate					Hourly Rate
Number of Hours per Week		10.00 Hours 10.25 Hours 10.50 Hours 10.75 Hours 11.00 Hours 11.25 Hours 11.50 Hours 11.75 Hours 12.00 Hours 12.25 Hours 12.50 Hours 12.75 Hours 13.00 Hours 13.25 Hours 13.50 Hours 13.75 Hours 14.00 Hours 14.25 Hours 14.50 Hours 14.75 Hours 15.00 Hours 15.25 Hours 15.50 Hours 15.75 Hours 16.00 Hours 16.25 Hours 16.50 Hours 16.75 Hours 17.00 Hours 17.25 Hours 17.50 Hours 17.75 Hours 18.00 Hours 18.25 Hours 18.50 Hours 18.75 Hours 19.00 Hours 19.25 Hours 19.50 Hours 19.75 Hours 20.00 Hours 20.25 Hours 20.50 Hours 20.75 Hours 21.00 Hours 21.25 Hours 21.50 Hours 21.75 Hours 22.00 Hours 22.25 Hours 22.50 Hours 22.75 Hours 23.00 Hours 23.25 Hours 23.50 Hours 23.75 Hours 24.00 Hours 24.25 Hours 24.50 Hours 24.75 Hours 25.00 Hours 25.25 Hours 25.50 Hours 25.75 Hours 26.00 Hours 26.25 Hours 26.50 Hours 26.75 Hours 27.00 Hours 27.25 Hours 27.50 Hours 27.75 Hours 28.00 Hours 28.25 Hours 28.50 Hours 28.75 Hours 29.00 Hours 29.25 Hours 29.50 Hours 29.75 Hours 30.00 Hours 30.25 Hours 30.50 Hours 30.75 Hours 31.00 Hours 31.25 Hours 31.50 Hours 31.75 Hours 32.00 Hours 32.25 Hours 32.50 Hours 32.75 Hours 33.00 Hours 33.25 Hours 33.50 Hours 33.75 Hours 34.00 Hours 34.25 Hours 34.50 Hours 34.75 Hours 35.00 Hours 35.25 Hours 35.50 Hours 35.75 Hours 36.00 Hours 36.25 Hours 36.50 Hours 36.75 Hours 37.00 Hours 37.25 Hours 37.50 Hours 37.75 Hours 38.00 Hours 38.25 Hours 38.50 Hours 38.75 Hours 39.00 Hours 39.25 Hours 39.50 Hours 39.75 Hours 40.00 Hours 40.25 Hours 40.50 Hours 40.75 Hours 41.00 Hours 41.25 Hours 41.50 Hours 41.75 Hours 42.00 Hours 42.25 Hours 42.50 Hours 42.75 Hours 43.00 Hours 43.25 Hours 43.50 Hours 43.75 Hours 44.00 Hours 44.25 Hours 44.50 Hours 44.75 Hours 45.00 Hours 45.25 Hours 45.50 Hours 45.75 Hours 46.00 Hours 46.25 Hours 46.50 Hours 46.75 Hours 47.00 Hours 47.25 Hours 47.50 Hours 47.75 Hours 48.00 Hours 48.25 Hours 48.50 Hours 48.75 Hours 49.00 Hours			Number of Hours per Week		10.00 Hours 10.25 Hours 10.50 Hours 10.75 Hours 11.00 Hours 11.25 Hours 11.50 Hours 11.75 Hours 12.00 Hours 12.25 Hours 12.50 Hours 12.75 Hours 13.00 Hours 13.25 Hours 13.50 Hours 13.75 Hours 14.00 Hours 14.25 Hours 14.50 Hours 14.75 Hours 15.00 Hours 15.25 Hours 15.50 Hours 15.75 Hours 16.00 Hours 16.25 Hours 16.50 Hours 16.75 Hours 17.00 Hours 17.25 Hours 17.50 Hours 17.75 Hours 18.00 Hours 18.25 Hours 18.50 Hours 18.75 Hours 19.00 Hours 19.25 Hours 19.50 Hours 19.75 Hours 20.00 Hours 20.25 Hours 20.50 Hours 20.75 Hours 21.00 Hours 21.25 Hours 21.50 Hours 21.75 Hours 22.00 Hours 22.25 Hours 22.50 Hours 22.75 Hours 23.00 Hours 23.25 Hours 23.50 Hours 23.75 Hours 24.00 Hours 24.25 Hours 24.50 Hours 24.75 Hours 25.00 Hours 25.25 Hours 25.50 Hours 25.75 Hours 26.00 Hours 26.25 Hours 26.50 Hours 26.75 Hours 27.00 Hours 27.25 Hours 27.50 Hours 27.75 Hours 28.00 Hours 28.25 Hours 28.50 Hours 28.75 Hours 29.00 Hours 29.25 Hours 29.50 Hours 29.75 Hours 30.00 Hours 30.25 Hours 30.50 Hours 30.75 Hours 31.00 Hours 31.25 Hours 31.50 Hours 31.75 Hours 32.00 Hours 32.25 Hours 32.50 Hours 32.75 Hours 33.00 Hours 33.25 Hours 33.50 Hours 33.75 Hours 34.00 Hours 34.25 Hours 34.50 Hours 34.75 Hours 35.00 Hours 35.25 Hours 35.50 Hours 35.75 Hours 36.00 Hours 36.25 Hours 36.50 Hours 36.75 Hours 37.00 Hours 37.25 Hours 37.50 Hours 37.75 Hours 38.00 Hours 38.25 Hours 38.50 Hours 38.75 Hours 39.00 Hours 39.25 Hours 39.50 Hours 39.75 Hours 40.00 Hours 40.25 Hours 40.50 Hours 40.75 Hours 41.00 Hours 41.25 Hours 41.50 Hours 41.75 Hours 42.00 Hours 42.25 Hours 42.50 Hours 42.75 Hours 43.00 Hours 43.25 Hours 43.50 Hours 43.75 Hours 44.00 Hours 44.25 Hours 44.50 Hours 44.75 Hours 45.00 Hours 45.25 Hours 45.50 Hours 45.75 Hours 46.00 Hours 46.25 Hours 46.50 Hours 46.75 Hours 47.00 Hours 47.25 Hours 47.50 Hours 47.75 Hours 48.00 Hours 48.25 Hours 48.50 Hours 48.75 Hours 49.00 Hours
Monthly Income					Monthly Income
Annual Income					Annual Income
Add to total					Add to total
INCOME AVERAGE (Self Employment, Unemployment, etc.					INCOME AVERAGE (Self Employment, Unemployment, etc.
Income (1)					Income (1)
Income (2)					Income (2)
TOTAL					TOTAL
Average by Months		0 Months 1 Months 2 Months 3 Months 4 Months 5 Months 6 Months 7 Months 8 Months 9 Months 10 Months 11 Months 12 Months 13 Months 14 Months 15 Months 16 Months 17 Months 18 Months 19 Months 20 Months 21 Months 22 Months 23 Months 24 Months 25 Months 26 Months 27 Months 28 Months 29 Months 30 Months 31 Months 32 Months 33 Months 34 Months 35 Months 36 Months			Average by Months		0 Months 1 Months 2 Months 3 Months 4 Months 5 Months 6 Months 7 Months 8 Months 9 Months 10 Months 11 Months 12 Months 13 Months 14 Months 15 Months 16 Months 17 Months 18 Months 19 Months 20 Months 21 Months 22 Months 23 Months 24 Months 25 Months 26 Months 27 Months 28 Months 29 Months 30 Months 31 Months 32 Months 33 Months 34 Months 35 Months 36 Months
Monthly Income					Monthly Income
Annual Income					Annual Income
Add to total					Add to total
MONTHLY GROSS UP (Social Security, Pension, etc.)					MONTHLY GROSS UP (Social Security, Pension, etc.)
MONTHLY INCOME					MONTHLY INCOME
Gross up percentage		5 % 10 % 15 % 20 % 25 % 30 % 35 % 40 % 45 % 50 %			Gross up percentage		5 % 10 % 15 % 20 % 25 % 30 % 35 % 40 % 45 % 50 %
Monthly Income					Monthly Income
Annual Income					Annual Income
Add to total					Add to total
Child Support					Child Support
MONTHLY INCOME					MONTHLY INCOME
Gross up percentage		5 % 10 % 15 % 20 % 25 % 30 % 35 % 40 % 45 % 50 %			Gross up percentage		5 % 10 % 15 % 20 % 25 % 30 % 35 % 40 % 45 % 50 %
Monthly Income					Monthly Income
Annual Income					Annual Income
Add to total					Add to total
Click on the box to add total above

| Monthly Income Calculator | Monthly debt |

		Payment	Balance
	Monthly payments to be ignored
	Monthly payments to be paid off
	Monthly payments not paid off
	Payment ratio
	Debt ratio
	Account Name	Payment	Balance	Number of months remaining
	Proposed mortgage payment
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