LOAN ELIGIBILITY
✓ instant estimate
✓ 28/36 rule
Loan Eligibility Calculator
See how much you can borrow based on your income, debts, and down payment — using standard lender guidelines.
Annual income
Monthly debts
Down payment
Interest rate
Loan term (years)
Ready
Max loan amount
$320,000
Max price
$380k
Est. payment
$2,150
DTI
28%
Eligibility score85%
✅ 28% housing / 36% total debt rule
📊 Housing: $2,216 · Total debts: $2,666
30-year fixed
Loan: $320k · Payment: $2,150
15-year fixed
Loan: $320k · Payment: $2,790
🏆 15-year saves $152k in interest, costs $640 more per month.
Amortization Schedule
📅 Yearly
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| Period | Principal | Interest | Total Paid | Balance |
|---|
📌 Total interest: $0
📌 Total principal: $0
Frequently asked questions
How is my loan eligibility calculated?
We use the 28/36 rule: housing payment ≤ 28% of gross income, total debt ≤ 36%. We solve for the max loan that fits these limits.
What income should I enter?
Enter your gross annual income before taxes — this is what lenders use.
What debts should I include?
Include car loans, student loans, credit card minimums, personal loans, and other recurring monthly debts.
Does this guarantee loan approval?
No — this is an estimate. Actual approval depends on credit score, employment, and lender criteria.
How does down payment affect eligibility?
A larger down payment lowers your loan amount and monthly payment, improving eligibility and may remove PMI.
Estimates for informational purposes only — not financial advice. Consult a qualified lender.