Buyer Qualification Calculator
Do you qualify for Conventional, FHA, or VA? Enter your finances once and compare all three loan programs side by side.
Your Finances
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Property & Loan
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Quick Comparison
| Feature | Conventional | FHA | VA |
|---|---|---|---|
| Min Down Payment | 3% | 3.5% | 0% |
| Min Credit Score | 620 | 580 (500 w/ 10% down) | No official min |
| Max DTI | 45% | 50% | 41% |
| Mortgage Insurance | PMI if <20% down (removable) | 1.75% upfront + 0.85%/yr (life of loan) | None (funding fee only) |
| Eligibility | Anyone | Anyone | Veterans & active military |
You Likely Qualify for Conventional
at $450,000 purchase price
Max Affordable Price (Conventional)
$548,261
Debt-to-Income Ratio
Front-End (Housing)
33.1%
Back-End (Total)
38.1%
Max: 45%
Monthly Payment
$3,310
Principal & Interest$2,335
Property Tax$825
Insurance$150
Loan Details
Down Payment (20%)$90,000
Base Loan$360,000
Total Financed$360,000
Total Cash Needed$90,000
Standard loan with lowest rates if you have good credit and 20%+ down. PMI required below 20% down.