Qualification Calculator

This income qualification calculator provides your maximum monthly mortgage payment, principal and interest and loan amount you will qualify for under current Fannie Mae Underwriting Guidelines. It is based on your input so please be accurate.

To use this calculator simply enter you information as accurately as possible. Do Not use dollar signs, percent signs, commas or other non-numerical symbols. Decimals are ok. All fields must have an entry even if it is 0.00.

Gross Monthly
Income 		Other
Monthly
Income 		Monthly
Property Taxes 		Monthly
Homeowner
Insurance
$ $ $ $
Monthly Auto
Payments 		Monthly
Credit Card
& Consumer Debt 		Loan Term
In Years 		Interest
Rate %
$ $
Your income qualifies you for a maximum monthly mortgage pmnt (including P&I) of: $
Your income qualifies you for a maximum
loan amount of: 		$

Calculator Disclaimer

Calculators are presented for illustrative purposes only. In no way is this an offer to lend. All computations by the calculators are believed to be accurate, however, the authors assume no liability or responsibility for computational errors.

Under FNMA underwriting guidelines some types of income are excluded in calculating qualification ratios. These calculations make no guarantee or representation that you will qualify for any particular loan or loan terms.