Mortgage Qualification Calculator

Use this calculator to determine the amount of money you can spend on a house and/or qualify for. To start, click on the first entry field and read the instructions provided in the Help box.

Note:Please bear in mind that these figures are just approximations, as there are numerous other elements to consider, such as one's credit history, the policies of the lender, and numerous other aspects.

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Purchase Information

Inputs	Outputs
Purchase Price: $
Down Payment:	$
Loan Amount:	$
Annual Interest Rate (%):
Length of Mortgage (Years):

Payment Information

Inputs	Outputs (Monthly)
Principal & Interest Payment: (Monthly) $
Annual Property Taxes:	$
Annual Insurance:	$
Annual PMI:	$
Monthly Association Fees: $
Monthly Payment (PITI):	$
Tax deductible portion of payment is the specific amount that can be deducted from one's taxable income.	$

Qualifying Information

Inputs	Outputs (Monthly)
Gross Income: $
Monthly Debt Payments: $
Qualify for Loan?
Maximum Qualifying Loan Amount:	$
Current Payment/Income Ratio: (Max = 28%)
Current Debt/Income Ratio: (Max = 36%)

Calculate Payment

Clear Form

Click on the button provided beneath to generate a report suitable for printing purposes. Kindly bear in mind that it may take approximately 1-2 minutes for the report to be processed.

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