What income is required to qualify for a mortgage? That largely depends on the monthly debt payments and the current interest rate.

Mortgage lenders calculate affordability based on your personal information, including income, debt expenses and size of down payment.

Use this calculator to determine how much mortgage you can afford. By entering details about your income, down payment, and monthly debts, you can estimate the mortgage amount that works with your budget.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice.

We cannot and do not guarantee their applicability or accuracy in regard to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.