Calculates payment, cash to close, and crucial debt to income ratios. Provides color coded results to estimate chance of qualifying for a loan.
(These estimates rely heavily on the accuracy of the information you input into the tool.
Your actual eligibility, rates, and loan options may differ based on your individual financial profile
and lender requirements.)
Inputs
Expenses
Income
Results
Status:—
Loan Amounts
Base Loan Amount
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Total Loan Amount
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Monthly Cash Flow
Principal and Interest
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Mortgage Insurance
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Taxes
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Insurance
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Flood
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HOA
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Housing Expense
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Allowable Rent Income
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Net Cash Flow
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Cash to Close
Down Payment
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Estimated Closing Costs (3.5%)
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Cash to Close
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Qualifying Ratios
Housing Ratio
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Total Debt Ratio
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Interpreting Your Results
Green ratios are favorable; Red ratios are not. Although mortgage lenders take a variety of factors into account, your Front-End and Back-End Debt-to-Income Ratios are among the most crucial.
Conventional: Typically requires an Total Debt Ratio under 50%.
FHA: Typically requires an Total Debt Ratio under 57% and a Housing Ratio under 47% (more flexible).
These results should not be interpreted as confirmation of an approval or denial. They do not encapsulate the entirety of the criteria used to qualify. They are simply indicators based on the estimates that are input.
Disclaimer: This mortgage calculator provides estimates only and is not a guarantee of loan approval or terms.
Your actual eligibility, rates, and loan options may differ based on your individual financial profile and lender requirements.
To get a personalized assessment, please reach out to a licensed loan officer who can review your qualifications.