## How much can you afford?

This pre-qualification calculator estimates the monthly mortgage payment you may afford based on 2 of the industry standards: "house to expense" ratio and "debt to income" ratio.

To estimate what you may qualify for, enter the following information and select calculate

The "house to expense" ratio compares your monthly mortgage payment, insurance and taxes to your monthly gross income. This ratio should not exceed 29% of your gross monthly income.

The "debt to expense" ratio compares your monthly
mortgage payment and other required debts to your monthly gross income. This
ratio should not exceed 41% of your monthly gross income.

##### Revised: May 11, 2000