Calculate your monthly payment based on the different mortgage types (Conventional, FHA, VA, and USDA) and guidelines therein using the calculator below. Your calculated monthly gross income and current debt will determine the loan amount for which would qualify. Because a mortgage is one of the largest debt you will ever have, understanding your options will guide you down the right path. Estimate your qualifying monthly mortgage payment by inputting your gross income, current debt, and other factors.
The calculated House/Monthly Payment shown below includes Principal, Interest, Taxes, Insurance, Mortgage Insurance, and Association (PITIA).
If Total Monthly Payment exceeds Affordable House Payment, the lesser of the Total Monthly Payment will be considered as your qualifying payment.
If Total Monthly Payment exceeds Max House Payment, the lesser of the Total Monthly Payment will be considered as your qualifying payment.