Mortgage Prequalification Calculator
Get a quick estimate of how much home you might qualify for before you start house hunting. This calculator uses common lender debt-to-income thresholds to estimate a likely mortgage amount and home price range.
About this calculator
Estimate how much mortgage you may prequalify for based on your income, debts, down payment, and current interest rates.
Frequently Asked Questions
How accurate is this prequalification estimate?
This gives a rough estimate based on standard debt-to-income ratios lenders often use. Actual prequalification depends on your credit score, loan program, taxes, insurance, and lender-specific guidelines.
What DTI ratio do lenders typically use?
Many conventional lenders cap total DTI around 36-43%, though some programs like FHA allow higher ratios. This calculator defaults to 36% but you can adjust it.
Does this include property taxes and insurance?
No, this is a simplified estimate focused on principal and interest capacity. Actual affordability calculations should include taxes, insurance, and HOA fees.