Affordability Calculator

Monthly Income (before taxes)
	Borrower	Co-Borrower	Total
Base employment income	$	$	$
Overtime	$	$	$
Interest/Dividends	$	$	$
Other	$	$	$
Total monthly income			$
Monthly Payments on Existing Debt
Car loan	$	$	$
Student loan	$	$	$
Credit cards	$	$	$
Other	$	$	$
Total monthly payments			$
Monthly Housing Expense for New Loan
Mortgage payment, including principal and interest			$
Real estate taxes			$
Insurance			$
Total monthly housing payments			$

A general guideline is that your front-end ratio, which is calculated by taking your expected monthly housing payments and dividing by your monthly pre-tax income, should not exceed 28.

In general, your back-end ratio, which is calculated by taking your existing debt obligations and dividing by your monthly pre-tax income, should not exceed 36.

Affordability Calculator

Monthly Income (before taxes)

Monthly Payments on Existing Debt

Monthly Housing Expense for New Loan