X

Get Pre-Approved for Your Mortgage in Three Easy Steps

  • 1Property Info
  • 2Applicant Info
  • 3Contact Info
Mortgage Type
Property Location
Property Type
Residence Type
Property Value
Down Payment
%
Next
Do You Have a Co-Borrower?
Total Monthly Gross Income ($)
Total Monthly Debt ($)
Credit Profile
Self-Employed?
Back
Next
Name
Phone Number
Email Address
Have You or Your Spouse
Served in the Military?
Back
Get Pre-Approved
FREEandCLEARThank you for submitting your info! You are on your way to being pre-approved!
LENDER INFO
FREEandCLEAR[LENDER NAME] will contact you shortly to complete the pre-approval process
FREEandCLEARThe lender will review your credit score and request selected financial information to finalize your pre-approval
Close and Return
X
$Get Personalized Mortgage Quotes

  • Compare Multiple Offers
  • Lowest Rates
  • Free
  • No Obligation
%Compare Lenders

  • Real-Time Rates
  • Local Lenders
  • Easy-to-use
  • Free
No thanks, I just want to keep using this cool mortgage calculator
FREEandCLEAR Calculator

Lender Ratios Calculator

Understand what size mortgage you can qualify for from a lender's perspective based on your debt-to-income ratio (DIR). Lenders typically recommend that you spend a maximum of 37% of your GROSS monthly income on total monthly housing expense and a maximum of 45% of your gross monthly income on your combined monthly housing expense and other monthly debt such as credit card, auto and student loans

Inputs

Amount of money you make per month BEFORE substracting taxes and other deductions
 

Please provide Monthly GROSS Income

Total of monthly payments for all non-housing related debt such as credit card, auto and student loans
 
 
 
The current interest rate for a 30 year fixed rate mortgage is approximately 5.750%
 
 
The length, in years, of the mortgage. The most common mortgage term is 30 years
 
 
Also known as HOA fee, all condo complexes and some housing projects charge property owners monthly fees for insurance and upkeep of the property
 
 
Amount of HOA fee paid monthly
 
 
 
 

Outputs

 
 
Includes estimated property tax and insurance. Property tax and insurance rates vary by state, county and property
 
 
 
 
 
The 45% Rule: lender guidelines typically allow you to spend a maximum of 45% of your GROSS monthly income on your combined monthly housing expense and other monthly debt such as credit card, auto and student loans
About this Mortgage
While we pride ourselves on the quality and breadth of the FREEandCLEAR mortgage calculators please note that they should be used for informational purposes only. Our calculators rely on assumptions by us and inputs and assumptions provided by you, which may be inaccurate. The outputs from our calculators are estimates only and should not be used as the sole basis for making any financial decisions. Always consult multiple financial professionals when determining the mortgage size and program that is appropriate for you.
X

Get Free Personalized Mortgage Quotes

First Name:
Last Name:
Phone Number:
Email:

My Mortgage Info

Mortgage Type
Credit Score
Loan Amount
Property Value
City
State
GET FREE Quotes
FREEandCLEAR.comThank you for submitting your information!
FREEandCLEAR.comYour mortgage quote request has been sent to our lending partners and you should receive emails from multiple lenders shortly
FREEandCLEAR.comComparing proposals from multiple lenders is the best way to save money on your mortgage!