How large of a mortgage might I qualify for?
Most lenders base their home loan qualification on both your total monthly gross income and your monthly expenses. These monthly expenses include property taxes, PMI, association dues, insurance, and credit card payments.

Note: This calculator should be used for estimation purposes only.

Combined gross annual income $
Monthly Expenses
Minimum monthly credit card payments $
Car payments $
Other fixed monthly debt expenses $
Loan Information
Down payment %
Interest rate %
Loan term
Payment Information
Monthly insurance and other costs $
Monthly association dues (if any) $
Annual property tax $

The following table shows the calculation methods for figuring out the highest payment you could qualify for based on credit rating

Medium Credit

The lesser of
28.000 % of gross income or
36.000 % of gross income less fixed monthly expenses

Good Credit

The lesser of
36.000 % of gross income or
42.000 % of gross income less fixed monthly expenses

Calculator tips

The information and analysis provided by these calculators is for illustrative purposes only. The figures shown are theoretical and may not be applicable in all situations. Consult a financial professional prior to relying on the results. The accuracy of the calculated results is not guaranteed and is intended for illustrative purposes only.