Gross annual household income before taxes (USD/yr). Higher income increases affordable loan. Example: 85000 USD/yr.
Gross Income is required
Allowable debt-to-income ratio (decimal, e.g., 0.28 = 28%). Lower ratio is more conservative. Example: 0.28.
Debt Ratio is required
Mortgage annual rate (APR, decimal, e.g., 0.06 = 6%). Higher rate reduces affordable loan. Example: 0.06.
Rate is required
Loan term in months — commonly 360 for 30 years, 180 for 15 years. Example: 360.
Months is required
Maximum affordable mortgage.
Formula
maxLoan = grossIncome * debtRatio / rate * (1 - (1+rate)**(-months))