Home Purchase Mortgage Calculators
Mortgage Program Calculators
When you apply for a mortgage the monthly lease payment, not the total amount of the lease, is used to calculate your debt-to-income ratio to determine your ability to qualify for a mortgage. The same applies with an auto loan. The monthly auto loan payment and not the principal balance of the auto loan is used to calculate an applicant's debt-to-income ratio. We provide a comprehensive overview of borrower debt-to-income ratios on FREEandCLEAR. You can also use our MORTGAGE QUALIFICATION CALCULATOR to determine what size mortgage you can afford based on your monthly income and debt. Simply add your monthly car lease or car loan payment to your total monthly debt when you perform your calculations.