Could I borrow enough for this house?

Enter your income and debts plus a house you're considering, real or imaginary. Guess the taxes and insurance if you don't know them. You'll see your debt-to-income ratio, roughly what you might be able to borrow, and what you'd pay back.

Please read: this is only a rough guess. It may not be accurate at all. Real figures depend on your actual interest rate, credit, how your income is counted, and the home's real taxes and insurance. Only a lender can tell you what you can actually borrow.

Your income (before tax, per month)

Your monthly income ($)

Buying with a spouse, partner, parent or other family member? Add each person who will be on the loan. Rules for family members who won't live in the home vary by loan type.

Your debts

List each debt: roughly how much is still owed and the monthly payment. We work out the months left for you.

Type

Still owed ($)

Monthly payment ($)

Type

Still owed ($)

Monthly payment ($)

Loans with 10 months or fewer left are usually not counted by lenders. Leases, credit cards and support payments always count.

Keeping your current home?

Will you keep a home you own now (e.g. as a rental) when you buy?

Rent from a roommate or boarder

Rent a roommate or boarder would pay you ($/month)

Share of it a lender might count (%) most loans: 0

Most loans don't count roommate rent, so start with 0%. A few programs (for example some low down payment conventional programs, with proof the boarder has lived with you and paid for a year) count it, usually capped at a share of your total income, and rent from a separate unit in a 2 to 4 unit home usually counts at about 75%. Counted here: —. Ask us which applies to you.

The house (real or imaginary)

Is this a home you already own?

Price ($)

Down payment (%)

Loan type

Interest rate guess (%)

Loan term

Property tax guess ($ per year)

Insurance guess ($ per year)

HOA ($ per month)

CDD ($ per year, Florida)

Total debt-to-income (DTI)

—

Housing DTI
New house payment (all in)
· Principal & interest
· Taxes, insurance, HOA/CDD
· Mortgage insurance
Your other debts (counted)
· Nearly paid off, not counted
Loan amount for this house
Rough maximum you might borrow

Paying it back

Total repaid over
Of which is interest

Rough guess only. May not be accurate at all. Repayment excludes taxes, insurance and mortgage insurance, and assumes no extra payments.

Estimates only. Contact us for accurate figures: free, no obligation.

Your full name

Mobile phone

Start from your budget instead Which loan fits me?

What's next?

See your price rangeTurn your DTI into a home price.Go →Improve your creditFree steps that can lower your rate.Go →Get pre-approvedFind out exactly how much you can borrow. It's free, there's no obligation, and sellers take your offer more seriously.Go →

Common questions

What is a good debt-to-income ratio?

Under about 36% total is comfortable. Many lenders accept up to about 43% to 45%, and some programs go to around 50% (FHA sometimes higher) with strong credit, savings or other strengths.

What counts as debt?

Monthly payments that show on your credit report or are legally required: car loans, student loans, minimum credit card payments, personal loans, child support and alimony, plus the new house payment. Everyday bills like groceries, utilities and phones are not counted.

What is the difference between housing DTI and total DTI?

Housing DTI (sometimes called "front-end") is just the new house payment divided by your income. Total DTI ("back-end") adds your other debts. Lenders focus mainly on the total.

Why is this only a guess?

Because the real figures depend on your actual rate, the home's real taxes and insurance quotes, your full credit report and how the lender counts your income. Use it to get a feel for the numbers, then let us work out the real ones.

For education and planning only. Approximate estimates; not legal, tax or financial advice. Not a loan offer, approval or commitment to lend. Example rates are for illustration only; rates can change and may not be available at commitment or closing. Rates, terms, taxes, insurance and program rules vary and change; your actual numbers may differ. Mortgage services by Bill McElhill, NMLS #2176490, licensed in Florida, Georgia and Texas.

Your next step

Improve your credit →Better rate, lower payment Get pre-approved →We'll check it properly

Could I borrow enough for this house?

Your income (before tax, per month)

Your debts

Keeping your current home?

Rent from a roommate or boarder

The house (real or imaginary)

Your current mortgage

What's next?

Common questions

Your next step

Get your real numbers from us