Free Mortgage Calculator Tool

1. Enter home price, down payment (or %), interest rate, and loan term.
2. Add monthly income and debts for accurate DTI.
3. Include property tax and insurance for a complete payment.
4. Toggle loan programs to compare potential eligibility.
5. Review your payment estimate, DTI, and program limits.
6. Click Get Pre-Qualified Now when you’re ready to take the next step.

Guidelines reflect common industry standards. Specific requirements may vary by lender.

Conventional Loans

• Minimum down payment typically 3–5% (20% avoids PMI)
• Common DTI targets: ~28% front-end / 36% back-end
• Strong fit for buyers with solid credit and standard financing needs

FHA Loans

• Minimum down payment 3.5%
• Common DTI targets: ~31% front-end / 43% back-end
• Often used for flexible credit or lower down payment

VA Loans (eligible veterans and service members)

• No down payment required
• Back-end DTI around 41% with residual income considered
• No PMI requirement

USDA Loans (eligible rural/suburban areas)

• No down payment required
• Common DTI targets: ~29% front-end / 41% back-end
• Area and income eligibility apply

How accurate are the results?

The calculator provides an estimate. Actual payments depend on final loan terms, taxes, insurance, and lender guidelines.

What is PMI and when does it apply?

Private Mortgage Insurance (PMI) is typically required on Conventional loans with less than 20% down. The calculator shows a rough estimate when applicable.

Why are there two DTI ratios?

Front-end DTI measures housing costs compared to income. Back-end DTI includes housing plus other monthly debts. Lenders review both.

Can I compare loan programs?

Yes. Switch between Conventional, FHA, VA, and USDA in the calculator to view eligibility and limits with your scenario.

Does this tool check my credit?

No. It’s a planning tool. A lender’s pre-qualification or pre-approval will include a credit review.

Clicking the button connects you with our preferred lending partner. They will confirm your rate, review documentation, and provide a clear view of your buying power.

This calculator provides estimates based on general public guidelines and is not a loan offer or guarantee of financing. The only way to know exactly what you qualify for is to speak with a licensed lender.