The purpose of the Mortgage Qualification Calculator is to estimate the maximum qualifying amount for a home loan based on gross income, down payment, credit rating, outstanding debt, interest rate, and length of the loan.

The results shown in the calculator provide a perspective buyer with a reasonable affordability estimate that can be used as a guide in searching for an affordable home. It also provides a convenient tool for trying different scenarios that would affect the qualifying amount.

What an individual or family could qualify for may be different than what is computed in this calculator. In order to determine the actual loan amount, one would need to go to a lending institution and fill out a credit application with a loan officer.

To use the mortgage qualification calculator, simply enter your:

• Income
• Debt
• Credit rating
• Down payment
• Terms of the loan

Your result will be an estimated maximum market value of a home you can afford in Sublette County, including estimated:

• Insurance costs
• Monthly premium
• Property taxes

Feel free to try different scenarios to see how an improved credit rating or larger down payment can affect how much loan you can afford.

Note: Unless otherwise noted, all contents of this website are property of the Sublette County Socioeconomic Analysis Advisory Committee. Please contact us at 307-367-4372 or via email for permission to use.

Some of the above documents may require MS Excel.