Loan Calculators

[Bades]

I was using Chase's home loan calculator - one of the questions it asks is Monthly Credit Card Payments

What exactly does this mean?

I use a credit card every month, but I pay it off every month so I have no running debt. So I assume I would put down $0?

Hypothetically, if I had running credit and I was paying a minimum of $25 a month, I'd assume I'd put $25 in that field?

A little confusing to say the least?

[bjl584]

Put $0. You pay your bill in full, so any money that you put on your card is just living expenses. You have to account for them in your budget, just not in the credit card payment column.

[Bades]

cool, that's what I figured.

[YLTL_Dan]

I was using Chase's home loan calculator - one of the questions it asks is Monthly Credit Card Payments

What exactly does this mean?

They were looking for your total monthly debt expenses so they could calculate the "Back-End" ratio... which is one of the calculations used to determine how big of a mortgage you can afford (total debt payments divided by monthly gross income should be less than 36%).