Simple Mortgage Calculator: How Much Can I Borrow?

Are you considering buying a new house? Our down payment calculator can help you understand what loan amount you may qualify for based on your income and expenses. This tool calculates loan amounts and mortgage payments for two underwriting scenarios: one that uses aggressive underwriting guidelines and one that uses conservative guidelines. When the economy is strong, lenders are more aggressive and raise these ratios to compete for business. When the economy is weak, lenders are more conservative and lower their ratios. Plug in your monthly income and monthly payments, and take the first step toward homeownership.

Next Steps

Fifth Third can help you find the right mortgage for your finances. Learn more about Fifth Third mortgage loans and rates. Questions? Call us at 1-866-351-5353, fill out our contact form, or visit a Fifth Third Branch.

Additional Resources

Down Payment Calculator

Down Payment Calculator: How much should I put down for a new home?

Five Steps to Become a First Time Homebuyer

Purchasing your first home should be an enjoyable process. Follow these steps on how to buy your first home and see first time home buyer loan options.

Smart Ways to Save Up for a Down Payment

Saving up for a down payment on your home takes time and planning. Here are a few smart ways to set budgets and save up for your next home's down payment.