How Much Can I Borrow Mortgage Calculator

Want to know how much you can borrow for a mortgage? One of our favorite mortgage calculation tools can quickly answer your "how much can I borrow for a mortgage loan" question. The calculator will utilize your income and debt information, factor in mortgage program debt to income ratio requirements, and once done, tell you exactly how much you can borrow to purchase a new or existing home. It really is a pretty neat tool!

How to use our "how much can I borrow" mortgage calculator:

• Enter the total gross monthly income you'll be using for qualifying. Include any commissions, bonus pay, and other taxable income (do not include income you do not report to the IRS). For irregular pay, add the annual amounts up and divide them by 12 to get a monthly figure.
• So the calculator can properly factor ratios, be sure to include the estimated interest rate and repayment terms for your proposed mortgage.
• Enter in your monthly payment liabilities. Do not include items not reported to the credit reporting agencies, such as your monthly rent, electric, phone, water, sewer, auto/renter/health insurance premiums, and so on.
• Now, you can either leave the existing estimated housing costs in or you can adjust them to a specific home you are looking at.

Once done, click calculate to get your answer to the question of, "how much can I borrow?"

Have questions? Use our quick quote to get a fast quote.