This app is designed to help new homeowners figure out their monthly mortgage payments and their debt to income ratio.

When working with a mortgage professional in getting a traditional home loan most lenders use debt to income ratios to see if you qualify.

Front End Ratio = Income/Debt on your credit report
Back End Ratio = Income/Total Household expenses (Mortgage payment and debt on your credit report)

I want to empower homeowners to see what the mortgage professionals use to get you qualified and to work side by side to reach your goal. Which is getting into a home.

Note: There are more qualifications you have to meet besides using this calculator so please work with your lender to see if you meet their guidelines.

Each lender is different. Credit unions, mortgages lenders, mortgage brokers, and banks all have different guidelines so please keep that in mind when using this calculator.

This calculator is only as good as the information you put in it.