Prequalification Calculator
 Our income qualification calculator estimates the maximum monthly mortgage payment and interest (P+I) you will qualify for under current Fannie Mae underwriting guidelines.

Monthly Income
Salary/Wages: $ Other Income: $
Monthly Expenses
Auto Payment: $ Installment Loans: $
Credit Cards: $ Child Support & Other Payments: $
Loan Term and Interest Rate
Loan Term: Yrs. Interest Rate: %
 
You may qualify for a maximum monthly mortgage payment (P+I) of: $
You may qualify for a maximum loan amount of: $

Instructions
Fill in all fields above the "Submit" button and then click on that button when you have finished.

  • Enter only numerical data and decimal points. Do not use dollar signs, percent signs, commas or other non-numerical symbols. For example, "ten thousand" should be entered as 10000 or 10000.00 but not 10,000 or 10,000.00 or $10,000.
  • Enter monthly amounts for all income and expense items. For example, if your gross annual salary is $48,000, enter your "Salary/wages" as 4000.
  • Enter the loan term in years.
  • Enter the interest rate as the following examples show: 8, not .08 or 8%; 7.5, not .075 or 7.5%.

Disclaimer: Our income qualification calculator is presented strictly for illustrative purposes. This is not an offer to lend. All results disclosed by the calculator are estimates, we assume no liability or responsibility for computational errors. Under FNMA underwriting guidelines some types of income are excluded in calculating qualification ratios. We make no guaranty or representation that you will qualify for any particular loan or loan terms.