Simple Mortgage Calculator: How Much Can I Borrow?

Are you considering buying a new house? Our down payment calculator can help you understand what loan amount you may qualify for based on your income and expenses. This tool calculates loan amounts and mortgage payments for two underwriting scenarios: one that uses aggressive underwriting guidelines and one that uses conservative guidelines. When the economy is strong, lenders are more aggressive and raise these ratios to compete for business. When the economy is weak, lenders are more conservative and lower their ratios. Plug in your monthly income and monthly payments, and take the first step toward homeownership.