Tools

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide lending advice. We cannot and do not guarantee their applicability or accuracy in regard to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

How Much Can I Borrow?


Overview

You can use this calculator as a guide to determine what the mortgage companies will allow you to borrow and how much will you save on taxes. There are a lot of factors, of course, which will ultimately determine how much your bank or mortgage company will loan you, but gross income and current debt payments are the most heavily weighted qualifiers.

Monthly Income

$
$

Monthly Housing Expenses

$
$

Other Monthly Expenses

$
$

Loan Term and Interest Rate

YEARS
%

Results

**The figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.