Mortgage Income Calculator: How Much House Can You Afford?
The Mortgage Income Calculator helps you understand how lenders view your income and monthly debts when deciding how much they’re willing to lend. By entering your gross monthly income, debt payments, estimated taxes, insurance, and mortgage terms, the Mortgage Income Calculator estimates a comfortable monthly housing payment and a potential maximum loan amount. It’s a simple way to translate your income into a realistic home price range before you start shopping.
Use the Mortgage Income Calculator as you plan your home search, compare different loan options, or work on improving your debt and income picture. As you adjust your numbers—paying down debts, increasing income, or changing loan terms—the Mortgage Income Calculator updates your estimated affordability, helping you set clear goals and move toward homeownership with realistic expectations and greater confidence.
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Important Disclaimer
This calculator is for illustrative purposes only and does not constitute financial, legal, or investment advice. Results are based on general assumptions and may not reflect actual performance or eligibility. This is not a loan estimate or approval. Please consult with a licensed mortgage advisor before making financial decisions.
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