Medium Credit the lesser of. % of gross income or. % of gross income less fixed monthly expenses. Good Credit the lesser of. % of gross income or. % of gross income less fixed monthly expenses. Using the calculation methods above, you could qualify you make $3,000 a month ($36,000 a year), your DTI with an FHA loan should be no more than $1,290 ($3,000 x ) — which means you can afford a house with a monthly payment that is no more than $900 ($3,000 x ).FAQ: To see if you qualify for a loan, mortgage lenders look at your debt-to-income ratio (DTI). That's the percentage of your total debt payments as a share of your pre-tax income. As a rule of thumb, mortgage lenders don't want to see you spending more than 36 percent of your monthly pre-tax income on debt payments or other obligations, including the mortgage you are , your salary will become Rs. 49,000 if you deduct these two from it. Now, the home loan amount you will be eligible for is Rs. Lakh. Following is a table illustrating the home loan eligible based on salary – Use a home loan eligibility calculator to check the home loan amount you are eligible Housing Loan Eligibility & Affordability Calculator is a tool that will help you know more about the maximum home loan amount that you can afford. By filling in your monthly income and monthly commitment details, this calculator will give you quick results and you can move on to choosing a suitable home loan for for Required Income to Qualify for a Home MortgageAffordability Calculator - How Much House Can I Afford Mortgage Qualifier Calculator - How Much Can You Afford?Calculator: How much mortgage might I qualify for?The amount of the mortgage you can afford with a $10k deposit depends on the percentage deposit that is required by the lenders. If they require you to deposit at least 10%, then you can afford a mortgage that is up to $100k. If that percentage is at 5%, you can get a loan of up to $200k.

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