DO I QUALIFY FOR A MORTGAGE?

Have you found the house of your dreams but don't know whether you can afford it? This calculator will help illustrate the amount of mortgage you would typically qualify for — the amount of house you can buy — based on your debt-to-income ratio.

Tips to help you complete this calculator.

Income

What is your estimated gross(pre-tax)household monthly income?

$
 

Debt

What is the minimum you're required by creditors to pay each month for credit cards, loans, or other debts?

$
 

Monthly Costs

What do you expect your monthly housing costs will be, including mortgage payments, utilities, maintenance and/or condo fees and property taxes?

$
 

Mortgage

What interest rate do you anticipate on your mortgage?

Over how many years do you expect to repay your mortgage(amortization)?

 

To complete this calculator, you may need to know some of the following:

Note: The Do I Qualify For A Mortgage calculator is a simple tool designed to help you understand and analyze your finances. The calculations are not guaranteed to be accurate.