DTI Calculator
Debt-to-Income Ratio — the #1 factor underwriters evaluate
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DTI Analysis
Front-End DTI
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Back-End DTI
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Max Allowed
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Total monthly debts—
Gross monthly income—
Back-end DTI—
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Underwriter's Note
I always use gross income — before taxes. The minimum monthly payment on each debt is what counts — not your actual payment. Medical collections may be excluded depending on the program. Pull your report at annualcreditreport.com for exact minimums.
Monthly Payment Calculator
Full PITI — Principal, Interest, Taxes & Insurance
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Monthly Payment Breakdown
Total PITI
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Loan Amount
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Down Payment
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Principal & Interest—
Property tax—
Insurance—
PMI / MIP—
Total PITI—
Underwriter's Note
I always use PITI — not just P&I. Conventional PMI required under 20% down, drops off at 20% equity. FHA MIP lasts the life of the loan if less than 10% down. VA has no PMI ever.
Max Purchase Price
How much home can you qualify for based on your income?
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Maximum Purchase Price
Max Purchase Price
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Max Loan Amount
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Est Monthly PITI
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Max DTI allowed—
Max total monthly debts—
Available for housing—
Down payment needed—
Max purchase price—
Underwriter's Note
This is the maximum the guidelines allow — not necessarily what you should spend. I always recommend calculating your comfortable payment separately. Maximum approval and comfortable living are often two different numbers.
Income Qualifier
What income do you need to qualify for a target home price?
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Income Required to Qualify
Min Monthly Income
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Min Annual Income
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Est Monthly PITI
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Estimated monthly PITI—
Other monthly debts—
Total monthly obligations—
Required monthly income—
Required annual income—
Underwriter's Note
This is qualifying gross income — before taxes. Self-employed income uses the 2-year tax return average, not current earnings. Bonus and overtime require 2-year history to count.
Cash-Out Refinance Calculator
How much equity can you access — and what will it cost?
Current Property & Loan
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New Loan
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Cash-Out Analysis
Max Cash Available
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New Loan Amount
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New Monthly PITI
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Current home value—
Max loan at LTV—
Current payoff—
Max cash available—
New P&I payment—
New total PITI—
Underwriter's Note
Conventional cash-out maximum is 80% LTV. FHA allows up to 80%. VA allows up to 90% for eligible veterans. The cash you receive increases your loan balance — your new payment is based on the full new loan amount.
Rate & Term Refinance Calculator
Will refinancing save you money — and when does it break even?
Current Loan
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New Loan
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Rate & Term Analysis
New Monthly P&I
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Monthly Savings
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Break-Even
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Current P&I—
New P&I—
Monthly savings—
Closing costs—
Break-even point—
5-year total savings—
Underwriter's Note
A rate and term refinance lowers your rate or changes your term — no cash out. Break-even is how many months until your savings recover closing costs. If you plan to stay past break-even, refinancing makes financial sense.
All calculations are estimates for educational purposes only. Not financial advice.
Jennifer Heller | NMLS# 2375826 | The Everyday Underwriter, LLC | Equal Housing Lender
© 2026 The Everyday Underwriter MasterClass. All rights reserved.
Jennifer Heller | NMLS# 2375826 | The Everyday Underwriter, LLC | Equal Housing Lender
© 2026 The Everyday Underwriter MasterClass. All rights reserved.