Pre-Qualification Calculator

Pre-approval mortgage calculator

Use the loan pre-qualification calculator to help determine affordability

Getting pre-qualified for a mortgage is an informal way for you to get an idea of how much you can afford to spend on a home purchase. Mortgage pre-qualification is an important first step for anyone who is considering buying a home and is unsure if they are financially ready. Our loan pre-qualification calculator will look at several factors and indicate whether you meet minimum requirements for a home loan as well as tell you the maximum amount that you can afford.

Pre-Qualification Calculator
Find out the maximum home for which you qualify:

Total Monthly Income:
(Your monthly income before taxes are taken out.)

Total Monthly Debt Payments:
(Do NOT include your current utility bills, rent, or debts you plan to pay off.)

Enter some additional financing information:

Interest Rate:



Term of Your Mortgage:



Down Payment (%):



Select Your State:






Results
Based on the information you have provided, you would qualify for an estimated purchase price of:
Purchase Price:
Down Payment:
Loan Amount:
Anticipated Ratios:
Actual Ratios:
Your total monthly payment would equal:
Principal & Interest:
PMI:
Hazard Insurance:
Property Taxes:
Total Payment:

Ready to get pre-approved?
Connect with a Loan Officer today.

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How do I pre-qualify for a mortgage?

You will need to gather some important basic financial information before you can complete the mortgage pre-qualification calculator. This includes your total monthly income before taxes (include all sources if more than one) plus your total monthly debt payments (not including utility bills, rent, or other debts that will be paid off that month or will disappear once you purchase the home).

Once you have your most current information gathered, enter your income and debt totals. You will also need to have a basic idea of what type of mortgage financing you would like to have. Start by choosing your preferred mortgage loan term (15-year, 30-year, ARM, etc.) and the associated interest rate that you expect to obtain. Then enter the state in which you are looking to purchase. Finally, you will need to enter the percentage that you plan to put as a down payment. Remember, the down payment is an up-front payment, so you need to have that cash readily available.

How does the pre-approval mortgage calculator work?

The information that you entered is calculated and will give you more detailed estimates of the home purchase price and loan amount that you can afford along with the down payment amount (in dollars) that would be required. You will also see your debt-to-income (DTI) ratio which reflects your ability to manage monthly payments and repay debts.

The last section of the mortgage pre-qualification calculator will give you a total monthly payment and amount–broken down into principal, interest, taxes and insurance detail–that you can afford based on the information you provided.

***Disclaimer: This calculator is offered for illustrative and educational purposes only and, it is not intended to replace a professional estimate. Calculator results do not reflect all loan types and are subject to individual program loan limits. All calculations and costs are estimates and therefore, Guild Mortgage (“Guild”) does not make any guarantee or warranty (express or implied) that that all possible costs have been included. The assumptions made here and the output of the calculator do not constitute a loan offer or solicitation, or financial or legal advice. Please connect with a Guild loan professional for a formal estimate. Every effort is made to maintain accurate calculations; however, Guild assumes no liability to any third parties that rely on this information and is not responsible for the accuracy of rates, APRs or any other loan information factored in the calculations.