These educational calculators set out to illustrate various mortgage-related scenarios or comparisons and should not be construed as an offer to lend.

Please refer to our formal disclaimer for more information.

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Randall Oestreich
Emerald Home Loans 

NMLS# 697202

Use this calculator to determine a home purchase price for which you may qualify.
Income and Debts:
Enter Annual Income Figures
Borrower 1 + Borrower 2 =
Enter the total of your regular monthly debts
Maximum Debt Ratio equals - This can range from approximately 38 to 55%
Total monthly income available for housing payments =
Property Expenses & Loan Terms   Monthly
Expected Annual Real Estate Taxes
Annual Home Owners or Hazard Insurance equals
Monthly Condo, Coop or Association Fees will equal
If making less than a 20% down payment, calculate approximate MI/PMI
Loan Term = Rate =
Cost per $1,000 of loan amount =
Maximum Potential Loan Amount available
Down Payment Funds Available (be sure to leave enough for closing costs, pre-paid taxes, insurance, etc.)
Maximum Purchase Price (potential loan amount plus down payment funds)
While this analysis can be very accurate, there are also a world of factors that impact the ability to qualify for any particular loan amount or purchase price. This is a good starting point and an easy way to begin to understand how the process works. However, it shouldn't be used as a substitute for a more comprehensive analysis. The Quick Qualification Analysis Calculator should be used to explore further or you may contact me at any time to help you determine what may be appropriate for you.

Greenway Mortgage Funding Corp, NMLS#374480, 107 Tindall Rd, Middletown, NJ 07748. Licensed by the NJ Department of Banking and Insurance.CT Licensed Mortgage Correspondent Lender. Licensed Mortgage Banker NYS Dept. of Financial Services. For complete licensing information go to All offers subject to credit approval. Rates, terms and conditions subject to change. For information purposes only, not an offer to extend credit (Sec 12 CFR 1026.2 Reg Z). Equal Opportunity Lender.

The information contained in these calculators and reports is for informational purposes only. The use, presentation or receipt of this information does not constitute an offer to lend, an application, a Good Faith Estimate, or estimate of fees. Where included, interest rates are subject to change at any time and are not intended to be viewed as the current market rate. Annual Percentage Rates (APRs) can also vary at any time and are presented as approximations. APRs shown here are generally calculated conservatively and may be higher than the actual current market APR, which will be determined and disclosed upon request of a formal Good Faith Estimate or upon application for financing. Every effort has been made to assure the accuracy of the information and mathematical calculations; however, the provider makes no guarantee and maintains no liability for use of or reliance upon the results. Formulation of a scenario using these tools does not mean that the results are guaranteed. All loan products have guidelines, and those rules or tolerances will vary based upon many factors, including but not limited to loan to value ratios, income, employment history, debts, assets, creditworthiness, and underwriter's review and approval.

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