Home arrow Mortgages arrow Mortgage Calculator arrow Qualification Calculator Saturday, 11 October 2008
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Mortgage Qualification Calculator


Before applying for a mortgage, you may wish to estimate the maximum loan amount for which you might be approved. Please bear in mind, however, that without doing a full application, your loan amount will only be an indication.

 

Please fill out the form below, and click the "Calculate" button to instantly see what your maximum loan amount might be.

 

Estimated Loan Amount

Monthly Income
Total monthly Salary/Wages
Total Other Income
Monthly Expenses
Total Auto Payments
Credit Cards and Other Regular Payments
Estimated Monthly Expenses for your New Home
Property Taxes
Hazard Insurance
Loan Term and Interest Rate
Loan Term Years
Interest Rate %
     
Results
You may qualify for a maximum monthly mortgage payment (Principal + Interest) of
You may qualify for a maximum loan amount of
 
DISCLAIMER: 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.