Salary to Loan Calculator
Determine how much you can borrow based on your income and financial situation
Income & Expenses
$75,000
$500
6.5%
20%
Loan Affordability
Maximum Affordable Loan
Loan Amount
$0
Down Payment
$0
Home Price
$0
Monthly Payment
$0
Affordability Summary
Debt-to-Income Ratio
0%
Housing Expense Ratio
0%
Loan-to-Value Ratio
0%
Affordability Status
Good
Affordability Scale
See where your loan affordability falls on the scale
Comfortable
Moderate
Stretched
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$0
Insurance
$0
PMI
$0
About This Calculator
This calculator helps you determine how much you can borrow for a home loan based on your salary, existing debts, and other financial factors. It uses standard lending guidelines to estimate your borrowing capacity.
How Lenders Evaluate Affordability
Lenders typically use two key ratios to determine how much you can borrow:
- Front-end ratio (HER): Your future housing expenses (mortgage, taxes, insurance) should generally not exceed 28% of your gross monthly income.
- Back-end ratio (DTI): Your total monthly debt payments (including housing) should generally not exceed 36% of your gross monthly income.
Factors That Affect Your Borrowing Power
- Your credit score and history
- Your income stability and employment history
- Your existing debts and financial obligations
- The size of your down payment
- Current interest rates and loan terms
- Additional costs like property taxes and insurance