Can I Qualify For a Loan?

Use the calculator below to help you determine your price range for a new home. You may also want to explore our other financial calculators.

Print off the following worksheet and fill it out to see if you meet qualifying guidelines:

Gross Monthly Income Borrower: $
Gross Monthly Income Co-Borrower: $
Other Gross Monthly Income: $
Total Gross Monthly Income: $

Total Housing Expense $
Installment Debt $
Child Support $
Credit Card Debt $
Total Debt $

$

divided by

 $ equals %
Total Housing Expense Gross Monthly Income

Housing Ratio

$

divided by

 $ equals %
Housing + Debt Gross Monthly Income

     Debt to Income Ratio

To use this calculator, input values into the empty fields, then move to the next field (using the Tab key or your mouse); calculations will occur automatically as you move from field to field. Click Reset Calculator to clear all fields and start over.

Acceptable Ratios
Housing Debt to Income
Conventional 28% 36%
FHA 29% 41%
VA   41%
Higher ratios may be accepted with compensating factors: low loan value, large cash reserves after closing, high credit scores, etc,