Mortgage Readiness Calculator

Organize credit, debt, cash, income, and down-payment factors commonly reviewed before a mortgage application.

Method and required inputs

Enter documented income, monthly obligations, available funds, credit profile, and target housing cost. Actual qualification depends on the lender, loan program, property, reserves, and verified documentation.

The readiness review combines credit history, revolving utilization, debt-to-income, documented income, down payment, closing funds, reserves, recent applications, and housing-payment targets. It is an organizational screen, not underwriting.

Read the complete result

Use gross qualifying income supported by records, all required monthly debts, and a complete housing estimate that includes tax, insurance, association dues, and mortgage insurance. Keep closing cash separate from post-closing reserves.

Run a stress case

Stress the plan with a higher rate, lower appraisal, larger insurance premium, reduced qualifying income, or required repairs. Resolve report errors and avoid unexplained new debt before the lender pulls updated information.

Limits and verification

Loan programs, property types, lenders, and borrowers have different requirements. Only a lender reviewing complete documentation can issue an approval or loan estimate.

This calculator is educational, not a quote, approval, guarantee, tax opinion, or individualized recommendation. Confirm material figures, current rules, and actual product terms before acting.

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