Mortgage Qualification Calculator

See exactly what loan officers check when reviewing your mortgage application. Get a full qualification analysis across all major loan programs.

Income

$

Use gross income — lenders do NOT use take-home pay

Monthly debt payments

Include minimum payments only. Do NOT include rent (it goes away when you buy).

$
$
$
$
$
Total monthly debts$700.00

Credit & borrower profile

Poor 300Fair 580Good 670Very good 740Exceptional 800+

🟢 Very good — excellent rates

yrs

✅ Meets employment requirement

Purchase & loan details

$
$

20.0% · No PMI

%
$
$

Assets & reserves

$
$

60% of retirement counted by lenders

Total usable assets: $50,000· 20.0 months reserves
❌

Qualification challenges found

0 of 5 loan programs available

Gross monthly income

$7,916.67

Front-end DTI

31.6%

Back-end DTI

40.4%

DTI analysis

Front-end DTI (housing only)31.6% / Max 28%
0%Ideal ≤28%High risk 50%+
Back-end DTI (all debts)40.4% / Max 43%
0%Ideal ≤43%High risk 50%+
Estimated monthly payment$2,499.46
Rate (credit-adjusted)6.27% (no adjustment)
Maximum home price (qualified)$439,254

Loan program eligibility

❌ConventionalMost common
Min 3% down

✅ You qualify

❌FHA LoanFirst-time buyers
Min 3.5% down

✅ You qualify

❌VA Loan0% down
Min 0% down

Veterans & active duty only

❌USDA LoanRural buyers
Min 0% down

Rural/suburban areas only

❌Jumbo LoanHigh-value homes
Min 10% down

Only for loans over $766,550

Qualification factors checklist

✅
Credit scoreGood

720 · 0% rate adjustment

❌
Front-end DTI31.6%

Housing costs vs income · Max 28%

✅
Back-end DTI40.4%

All debts vs income · Max 43%

✅
Down payment20.0%

Excellent · No PMI required

✅
Employment3 years

2+ years required · Self-employed needs 2yr tax returns

✅
Cash reserves20.0 months

2-6 months of payments required after closing

✅
BankruptcyNone

Conventional: 4yr wait · FHA: 2yr · VA: 2yr

✅
ForeclosureNone

Conventional: 7yr wait · FHA: 3yr · VA: 2yr

How to improve your qualification

Next steps

1.Get your free credit report at AnnualCreditReport.com — check for errors that may be dragging your score down.
2.Get pre-qualified (soft credit check, no impact to score) from 2-3 lenders to compare real rates for your profile.
3.Get pre-approved (hard credit check) once you find the right home — this letter makes your offer competitive.
4.Compare at least 3 lenders — even a 0.25% rate difference saves $24,000 over the life of your loan.
⚠️ This calculator is for educational purposes only. Actual qualification depends on your complete financial profile, lender guidelines, and current underwriting standards. Always consult a licensed mortgage professional.

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