Desired mortgage amount:
Mortgage length (in years)
Interest %
Annual property tax
Total monthly payments not including
mortgage (car, loans, credit cards, etc).

Monthly Principal + Interest
Total Monthly Obligations
Borrower Income

Listed below are the basic guidelines of how our industry determines how much of a mortgage payment you qualify for.

Your gross (before taxes) monthly salary should be greater than 45% of the sum of the monthly mortgage, monthly tax and other monthly debt payments.


Loan Calculators are tools designed to help you. However, we can help you know exactly what you qualify for.

As a general rule, your total monthly obligations (mortgage payment, real estate taxes, and all other monthly obligations) should not exceed 45% of your gross (before taxes) monthly income. Some borrowers may be more comfortable with a mortgage payment lower than the amound presented here, while others may have financial resources enabling them to support a higher loan amount.