Enter the monthly rent ($) into the calculator to determine the Guarantor Annual Income Required. 

Guarantor Annual Income Required Formula

The following formula is used to calculate the Guarantor Annual Income Required. 

GAI = MR * 12 * 3
  • Where GAI is the Guarantor Annual Income Required ($/year)
  • MR is the monthly rent ($) 

To calculate the guarantor annual income required, multiply the monthly rent by 36.

How to Calculate Guarantor Annual Income Required?

The following example problems outline how to calculate Guarantor Annual Income Required.

Example Problem #1:

  1. First, determine the monthly rent ($). In this example, the monthly rent ($) is given as 1300.
  2. Finally, calculate the Guarantor Annual Income Required using the equation above: 

GAI = MR * 12 * 3

The values given above are inserted into the equation below:

GAI = 1300 * 12 * 3 = 46,800 ($/year)

Example Problem #2: 

The variables needed for this problem are provided below:

monthly rent ($) = 1800

Entering these values and solving gives:

GAI = 1800 * 12 * 3 = 64,800 ($/year)