Mortgage Affordability Calculator

Note: (Don't enter commas) - (Ex. enter 28% as 0.28 without % sign) - Use the Tab key to move to input boxes
Enter amounts in the text boxes which have zeros. Don't enter amounts in blank text boxes which will calculate values.

* Most banks use the following guidelines to determine the amount of a loan you qualify for: Your total monthly debt expenses, including a mortgage payment, should not exceed 36% of your total monthly income. As well, your total mortgage payment should not exceed 28% of your income. This means if you have no other debt, you can spend up to 28% of 'your income on a mortgage payment. If your non-housing debt is more than 8% of your income, the percentage of your monthly income you can spend on housing debt is 36% minus your non-housing debt.
Your Monthly Income
Salaries before Taxes:
Interest and Dividends Income:
Other Income:
Total Monthly Income:
Monthly Non-Housing Debt Payments
Credit Cards Payment:
Auto Payments:
Other Loan Payments:
Total Monthly Non-Housing Debt:
Your Debt-to-Income Calculations
Payment shouldn't exceed x % of Income:
Maximum Qualified Payment:
Non-Housing Debt-to-Income:
Allowed Non-Housing & Housing Debt %:
Non-Housing & Housing Debt-to-Income:
Allowed minus Actual Non-Housing &
Housing Debt-to-Income: * Negative number indicates your Non-Housing Debt is too high!