Mortgage Qualification Calculator

Please enter a valid positive income.
Please enter a valid non-negative debt.
Please enter a valid non-negative down payment.
Please enter a valid positive interest rate.
Please enter a valid loan term (1-40 years).

Qualification Result

Maximum Mortgage Amount:

Estimated Monthly Payment:

Debt-to-Income Ratio (DTI):

Formula used: Maximum mortgage = (monthly income * 0.36 - monthly debts) * ((1 - (1 + monthly rate)^(-n)) / monthly rate) + down payment. DTI = (monthly debts + estimated mortgage payment) / monthly income.