– Determine how much money you may be able to borrow to buy a home with this home mortgage calculator.
Getting approved for the mortgage you want is all about staying within certain ratios lenders use to determine how much you can afford for a mortgage payment. Large debt payments (like an auto loan or big student loans) will limit the size of the mortgage approval you can get.
Most new home buyers are caught in a weird spot when they decide to buy a home. They want to know what kind of houses they could buy, but need to know, "How much mortgage can I qualify for.