Mortgage Pre-Qualification Estimator

How Much Home Can You Afford?

Get an instant estimate of how much mortgage you could qualify for based on your income, debts, and credit profile. This is the #1 question every first-time buyer has.

Your Financial Profile

$

$Eighty Five Thousand

Combined income if buying with a partner

$

$Four Hundred

Car loans, student loans, credit card minimums, etc.

$

$Fifty Thousand

How much you have saved for a down payment

You could qualify for up to

$363,785

Three Hundred Sixty Three Thousand Seven Hundred Eighty Five dollars

Max Loan Amount

$313,785

Down Payment

$50,000

Monthly Payment Breakdown

Estimated Monthly Payment$1,983/mo
Estimated Interest Rate6.5%
Loan Term30 years
Credit ScoreGood (700-739)

Gross Monthly Income$7,083
Front-End Limit (28% of income)$1,983/mo
Back-End Limit (36% minus debts)$2,150/mo
Limiting FactorHousing ratio (28%)
Estimated DTI Ratio34%

Tips to Increase Your Qualification

  • Saving for a 20% down payment eliminates the need for private mortgage insurance (PMI), which typically costs 0.5-1% of your loan annually.
  • Getting pre-approved by a lender gives you an exact number and makes your offers stronger to sellers.

Important Disclaimer

This is a rough estimate for educational purposes only. It does not include property taxes, homeowner's insurance, HOA fees, or PMI, which will reduce your actual buying power. Actual pre-approval requires a lender to review your full financial picture including credit history, employment verification, assets, and more. Interest rates shown are approximate and change daily. Always get pre-approved by a licensed mortgage lender before making offers on homes.

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