Enter the appropriate information in the fields below and click the calculator icon to determine whether or not you qualify for a conventional mortgage.
Your Maximum housing expense is calculated by multiplying your monthly salary by .28. Your Maximum Debt to Income (DTI) is calculated by multiplying your monthly salary by .36. The lower value of these two calculations is used to calculate your Maximum qualified monthly mortgage payment.
The information provided by these calculators is intended only for general information and educational purposes. The calculated results are intended for illustrative purposes only; accuracy is not guaranteed. The default figures shown are hypothetical and may not apply to your situation. Please consult a financial professional for advice regarding your personal circumstances.