Overview

You can use this calculator as a guide to determine what the mortgage companies will allow you to borrow and how much will you save on taxes. There are a lot of factors, of course, which will ultimately determine how much your bank or mortgage company will loan you, but gross income and current debt payments are the most heavily weighted qualifiers.


Monthly Income
   Salary/Wages
   Other Income
Monthly Housing Expenses
   Property Taxes
   Hazard Insurance
Other Monthly Expenses
   Auto Payment
   Other Payments
Loan Term and Interest Rate
   Loan Term Years
   Interest Rate %
   

Results
You may qualify for a maximum monthly mortgage payment (P+I) of
You may qualify for a maximum loan amount of

**The figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.