Buyers
Mortgage Qualifier
How much home can you afford? Enter your financial details and get your maximum loan amount, purchase price, and estimated payment.
Your Financial Profile
Your Buying Power
Max Loan Amount
$433,922
Max Purchase Price
$493,922
Est. Monthly Payment
$2,800
P&I only
Total DTI Ratio
33.0%
Qualifying range
Next Step
Get Pre-Approved
A pre-approval letter shows sellers you're serious, and locks in your rate.
DTI Guide
Below 36%, Excellent
Strong qualifying profile. You'll likely receive the best rates and loan programs available.
36% to 43%, Acceptable
Most conventional loans allow up to 43% back-end DTI. FHA allows up to 50% with compensating factors.
Above 43%, Challenging
You may need to reduce debts, increase income, or consider a larger down payment to qualify.
How the mortgage qualifier works
This tool estimates how much home you can afford from your income, monthly debts, and down payment using debt-to-income ratios. The front-end ratio caps housing costs near 28% of gross monthly income; the back-end ratio caps all debt payments near 36%. It applies both limits and returns the payment, and loan, you likely qualify for.
For example, at $9,000 gross monthly income the 28% front-end limit is $2,520 for housing, and the 36% back-end limit is $3,240 for total debt. If car and card payments total $600 a month, that leaves about $2,640 for your full housing payment. The lower of the two caps is your ceiling.
This matters in South Florida because your housing cap must absorb high homeowners and flood insurance plus condo or HOA fees, not just principal and interest, so the home price you qualify for is often lower than the rate alone suggests. No state income tax helps take-home pay, but lenders still qualify you on gross income.