Mortgage Qualifier Calculator
This Mortgage Qualifier Calculator will tell you how big of a home loan that you can
pre-qualify for with a lender.
1. Calculations based on total monthly repayment divided by total monthly income resulting in a Debt Servicing Ratio (DSR) not exceeding 32%. This is based on industry averages for calculating DSR's.
2. As most institutions make their calculations with an interest rate 2% higher than the current rate, we have also used an interest rate 2% higher than the one entered in.
3. This calculation does not pre qualify you for a loan - it is to be used as an indication only. Individual institutions have their own lending criteria which may differ from the one used here.