Free Mortgage Tools — FL, SC & TN

Mortgage Calculators

Three linked calculators — estimate your monthly payment, calculate your qualifying income, then check your debt-to-income ratio. Your income automatically flows into the DTI calculator.

1Monthly Payment 2Qualifying Income 3Debt-to-Income

Calculator 1

Monthly Mortgage Payment

Home Purchase Price

Enter the full purchase price of the home

Down Payment

Loan Amount$280,000

Interest Rate7.000%

2%15%

Loan Term

Loan Type

Credit Score

Credit score affects PMI/MI rates — especially for Conventional loans

Property Taxes (monthly)

Divide annual tax bill by 12

Homeowners Insurance (monthly)

Divide annual premium by 12

Estimated Monthly Payment

$2,262.85

Principal, interest, taxes, insurance

Principal & Interest$1,862.85

Property Taxes$250.00

Homeowners Insurance$150.00

Total Monthly Payment$2,262.85

Payment Breakdown

P&I

$1,862.85 (82.3%)

Taxes

$250.00 (11.0%)

Insurance

$150.00 (6.6%)

Loan Summary

Loan Amount

$280,000

Down Payment

$70,000 (20.0%)

Interest Rate

7.000%

Loan Term

30 years

Total Interest

$390,625

Total Cost

$740,625

No mortgage insurance required

Now calculate your qualifying monthly income below. Once you enter your income sources, the total will automatically flow into the DTI calculator in Calculator 3 — no manual entry needed.

Calculator 2

Qualifying Income

Borrower Income

Select all income sources that apply:

💼W2 — Salaried

Regular salary from an employer

⏱️W2 — Hourly

Hourly wages from an employer

🏢Self-Employed / 1099

Business income, freelance, or 1099

🏦Retirement / Pension

Pension, 401(k), IRA distributions

🛡️Social Security / Disability

SSA benefits, SSDI, SSI

🏠Rental Income

Net income from investment properties

Include Co-Borrower Income

Add a second borrower's income to the qualifying total

QUALIFYING INCOME SUMMARY

Check income sources to calculate

Check the income sources on the left to see your qualifying monthly income

Estimates only. Actual qualifying income is determined by your loan officer per Fannie Mae, Freddie Mac, FHA, VA, or USDA guidelines.

Your qualifying income is live-linked. The mortgage payment from Calculator 1 and the income from Calculator 2 are automatically carried into the DTI calculator below. Just add your other monthly debts to see your full picture.

Calculator 3

Debt-to-Income Ratio

Gross Monthly IncomeAuto-filled from Calculator 2

Enter income in Calculator 2 above

Use Calculator 2 above to calculate your qualifying monthly income — it will appear here automatically.

Monthly Debt Obligations

Proposed Mortgage PaymentAuto-filled from Calculator 1

$2,262.85PITI

Car Payment(s)

All auto loan payments combined

Student Loans

Monthly student loan payment(s)

Monthly Credit Card Debt

Minimum monthly payments on all cards

Other Monthly Loan Payments

Personal loans, installment loans, etc.

Other Mortgage / Equity Line

Existing mortgage or HELOC payments

Other Monthly Debt

Child support, alimony, or other obligations

Back-End DTI Ratio

≤36% Excellent

37–43% Good

44–50% Caution

>50% High

Gross Monthly Income—

Total Monthly Debt—

Front-End DTI (housing only)—

Back-End DTI (all debt)—

Lender DTI Guidelines

Conventional (ideal)≤ 36%

Best rates & terms

Conventional (max)≤ 43%

Standard approval

FHA (standard)≤ 43%

Up to 50% with compensating factors

VA Loan≤ 41%

Residual income also considered

USDA Loan≤ 41%

Up to 44% with approval

Ready to Take the Next Step?

Talk to a Loan Officer

These calculators provide estimates for planning purposes only. Actual rates, payments, and qualification depend on your credit profile, property, and current market conditions. Our licensed loan officers in FL, SC & TN are ready to give you exact numbers.

Apply Now (833) 457-6500

These calculators are for educational and estimation purposes only and do not constitute a loan commitment or guarantee of any specific rate or terms. PMI estimates are approximate. Actual property taxes and insurance costs vary. Equal Housing Lender. NMLS: 103035. Licensed in FL, SC & TN.