Mortgage Qualification Estimate

Most lenders base their home loan qualification on both your total monthly gross income and your monthly fixed debt payments. In general, your total monthly housing expenses, including property taxes, mortgage insurance (PMI), and association dues, cannot exceed 28% of your total gross monthly income, and your total debt expense cannot exceed 36% of your total gross monthly income. To see the most expensive house you would qualify for, enter the information in this tool.