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Mortgage Qualification Calculator 



To figure out if you can afford a new home or not, complete this calculator.  It is a quick way to determine your total financial circumstances and outlook. Both your mortgage company and your lender will use these mortgage ratios to determine both your income and your debt. This calculator calculates three ratios called the Housing Ratio , the Loan-to-Value (LTV) Ratio , and the Debt Ratio .

Note, all fields are required, enter zero (0) for items which do not apply.

Mortgage Equity Calculator
  Your Values
Number of Payments (360=30yrs, 180=15yrs)
Interest Rate
Purchase Price
Amount of Mortgage
GROSS Monthly Income (combine if married)
Real Estate Taxes (1 month)
Homeowner's Insurance (1 month)
Mortgage Insurance
Association Dues
Car Payments (loan and/or lease)
Alimony/Child Support
Credit Card Payments
Other Loan Payments


Output Results

Monthly Payment Monthly
Housing Expense
Monthly Bills LTV-Ratio Housing Ratio Debt Ratio
$ $ $ % % %


In the general terms, banks look at the ratios in this way. These are averages only, each bank may differ on the exact ratio's they use to qualify a mortgage.

LTV (Loan to Value): 80% or less, good. 81% or higher and generally you must have mortgage (PMI) Insurance.

Housing Ratio: 28% = conventional mortgage / 29% to 31% =  FHA mortgage / 32%+ = sub prime mortgage (higher rate)

Debt Ratio: 38% = Conventional mortgage / 39% to 41% = FHA mortgage / 42%+ sub prime mortgage (higher rate



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We do not offer legal advice. All information provided on this website is for informational purposes only and is not a substitute for proper legal advice. If you have legal questions, we recommend that you seek the advice of legal professionals.

Tax Disclaimer: To ensure compliance with IRS Rules, any U.S. federal tax advice provided in this communication is not intended or written to be used, and it cannot be used by the recipient or any other taxpayer (i) for the purpose of avoiding tax penalties that may be imposed on the recipient or any other taxpayer under the Internal Revenue Code, or (ii) in promoting, marketing or recommending to another party a partnership or other entity, investment plan, arrangement or other transaction addressed herein.

Copyright 2017 Wink Tax Services / Wink Inc.
Last modified: January 30, 2017