Home Loan Calculator Mortgage Calculator Paycheck Calculator Debt Payoff Calculator Blog

Mortgage Qualification Calculator

Find out how much house you can afford based on your income, debts, and loan terms.

$
$
%
$
$

Qualification Results

계산 후 차트가 표시됩니다
Mortgage
Payment
DTI
$0.00 Maximum Mortgage Amount
Monthly Payment $0.00
DTI Ratio 0%
Monthly Income $0.00
Monthly Debts $0.00
Down Payment $0.00

Understanding Mortgage Qualification

Our Mortgage Qualification Calculator helps you determine how much house you can afford based on your income, existing debts, and desired loan terms. This tool considers multiple factors that lenders evaluate when determining your mortgage eligibility.

Key Factors in Mortgage Qualification:

  • Income: Your monthly income is the primary factor in determining how much you can borrow
  • DTI Ratio: Lenders typically prefer a debt-to-income ratio below 43%
  • Down Payment: A larger down payment can increase your maximum mortgage amount
  • Interest Rate: Lower rates mean higher borrowing potential

How DTI Ratio Affects Your Mortgage

The Debt-to-Income (DTI) ratio is a key metric lenders use to evaluate mortgage applications. It's calculated by dividing your total monthly debt payments by your gross monthly income. Most lenders prefer a DTI ratio of 43% or less, though some may accept higher ratios under certain circumstances.

Tips for Better Mortgage Qualification:

  • Reduce existing debt before applying
  • Save for a larger down payment
  • Improve your credit score
  • Consider a longer loan term for lower monthly payments

Other Calculators