DISCLAIMER: The prequalification figures above are based on conventional fixed-rate guidelines of affordability ratiosof 28% of gross monthly income for principal, interest, taxes and insurance (PITI), and 36% of gross monthly income for PITI, plus all other revolving and installment debt over 10 months in duration.  Other factors, such as excellent credit scores, liquid reserves, non-taxable income, years on the job, etc. could mean that you may be approved for higher ratios and/or loan amounts. If you have less than 20% equity in your home, mortgage insurance may be required, although programs do exist where the lender pays the premiums, or we can arrange for "blended" first and second liens.  Calculations by this tool are believed to be accurate, although not guaranteed.  It is always best to speak to one of our experienced Mortgage Consultants to review the specifics of your own personal financial situation to obtain the best program and rate/point structure for you.