Mortgage Prequalification Calculator

This Income Qualification Calculator will estimate the maximum monthly mortgage payment (principal and interest) for which you may qualify.


  • Fill in all fields in the top section and click on the "Calculate" button. Results will appear below.
  • Enter numbers and decimals only. Don't use dollar signs, percent signs, commas or other non-numerical symbols. For example, "ten thousand" should be entered as 10000 or 10000.00 but not 10,000 or 10,000.00 or $10,000.
  • All income and expense items should be monthly figures. For example, if your gross annual salary is $48,000, enter your "Salary/wages" as 4000.
  • Enter the loan term in years.
  • Enter the interest rate as the following examples show: 8, not .Enter the interest rate as the following examples show: 8, not .08 or 8%; 7.5, not .075 or 7.5%.

Monthly Income
Salary & Wages $
Other Income $
Monthly Expenses
Auto Payment $
Credit Card Debt $
Installment Loans $
Child Support & Other Payments $
Loan Term and Interest Rate
Loan Term years
Interest Rate percent


Maximum monthly mortgage payment 
(principal & interest) for which you may qualify
You may qualify for a maximum loan amount of: $

Disclaimer: This Income Qualification Calculator is presented strictly for illustrative purposes. This is not an offer to lend. All results disclosed by the calculator are estimates, MFM assumes no liability or responsibility for computational errors. Under FNMA underwriting guidelines some types of income are excluded in calculating qualification ratios. MFM makes no guaranty or representation that you will qualify for any particular loan or loan terms.