Mortgage Calculators
The Ultimate Mortgage Toolkit
A clean, functional tool for loan estimation and eligibility.
1. Loan Eligibility Check (DTI/FICO)
Check a proposed loan against DTI limits. **Note:** FHA eligibility is based on a 43% max DTI with a FICO 620+.
Max Allowable PITI Limits:
Conforming Limit: $0
FHA Limit: $0
Proposed Monthly PITI:
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Overall Eligibility Status:
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Max Loan Principal (DTI Qualified):
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2. Amortization Calculator
Calculate your monthly P&I payment and total interest cost.
Monthly P&I Payment:
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Total Interest Paid:
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3. Affordability Calculator (PITI)
Determine the max loan you can afford based on your total budget (PITI).
Maximum Affordable Loan:
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Monthly P&I Budget:
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Important Assumptions
- All calculations assume a fixed-rate mortgage with monthly compounding.
- **Amortization/Affordability:** Use the full loan term to calculate the Monthly P&I.
- **Eligibility Check (DTI/FICO):** Uses a fixed **30-year term** to calculate both the *proposed* PITI and the *maximum DTI-allowed* loan amount.
Disclaimer
These calculations are estimates based on generalized industry standards. Your actual loan eligibility and required Private Mortgage Insurance (PMI) will depend entirely on the specific lender, current market rates, and full credit review.
