Most lenders base their home loan qualification on both your total monthly gross income and your monthly fixed debt payments. In general, your total monthly housing expenses, including property taxes, mortgage insurance (PMI), and association dues, cannot exceed 28% of your total gross monthly income, and your total debt expense cannot exceed 36% of your total gross monthly income.  To see the most expensive house you would qualify for, enter the information below.

NOTE: This calculator should be used for estimation purposes only.

Income:

Annual gross income:

$

Monthly debt expenses:

Minimum monthly credit card payments:	$
Car payments:	$
Child support:	$
Other fixed monthly debt expenses:	$

Payment breakdown:

Property tax rate:		%
Monthly insurance and other costs:	$
Monthly association dues (if any):	$

Loan information:

Down payment amount:	$
Loan term (months):
Interest rate:		%