The accuracy of this Calculator and its applicability to your circumstances is not guaranteed. You should obtain personal advice from qualified professionals, such as a tax accountant. Calculators are only to be used as a reference.

PreQualification Calculator

Use this calculator to determine the maximum mortgage loan amount for which you may qualify. You'll need the following information to complete the form:

  • Your annual salary and, if applicable, that of your co-borrower.
    • OR W-2 forms for the last two years for both borrowers and what you've both earned so far during the current year
    • OR Hourly rates earned by both borrowers
  • Amount of loan payments paid per month
  • Total of all monthly credit card payments
  • Total of monthly car payments
  • Total of other monthly indebtedness, including child support, alimony, etc.
  • Amount of property taxes per month that you estimate you'll pay in the house you want to buy
  • Amount of homeowner's insurance per month that you estimate you'll pay in the house you want to buy

When you are finished filling out the form, click on the "Submit" button. The pre-qualifying amounts will be returned to you.
This is only an estimate. You may actually qualify for more than the amount returned. Use this information only as a guide.

Please enter the following information:

Monthly Income
Annual salary divided by 12
Last 2 years W-2 income plus your year-to-date earnings divided by total number of months
Hourly rate x 2080 divided by 12 months
Borrower 1: Borrower 2:

Current Monthly Payments
Monthly Loan Payments: Monthly Car Payments:
Monthly Child Support Payments: Monthly Alimony Payments:
Monthly credit card payments (use "minimum due" for each card, add them all, put sum here):

Predicted Future Payments
Monthly Property Taxes: Monthly HomeOwner's Insurance:
Private Mortgage Insurance: If you'll be making a down payment that's less than 20%
of the home's selling price, you may also have to pay Private Mortgage Insurance.
If this is true, check yes and your PMI payment will be estimated at $50: Yes      No

Choose which mortgage term you would prefer:

The Annual Percentage Rate for the mortgage: