Free Mortgage Calculator
How Much Home Can You Afford?
Enter your income, debts, and down payment. The calculator estimates your maximum purchase price, monthly payment, and the loan programs you likely qualify for — in real time.
✓ No login · No email required · Results update instantly
Your Financial Picture
Estimated Buying Power
Programs to Review With a Lender
Get a Real Pre-Approval →Planning estimates only. This calculator is not a loan approval, commitment, rate quote, or underwriting decision. Program eligibility and terms depend on the complete application, property, current guidelines, and lender requirements. Contact Ménage Mortgage for an individualized review.
Behind the Numbers
How the Calculator Works
This calculator is an educational planning tool. Actual mortgage qualification depends on the borrower’s full credit, income, assets, debts, property, loan program, lender requirements, and underwriting findings. Use the estimate as a starting point, then compare it with a lender review and the property-specific costs that apply.
Front-End Ratio (28%)
Your total housing payment — principal, interest, taxes, and insurance (PITI) — should not exceed 28% of gross monthly income. Conventional lenders treat this as the primary affordability ceiling.
Back-End Ratio (36–43%)
Total monthly debt — housing plus car loans, student loans, minimum credit card payments — should stay under 36% for conventional loans, or up to 43–50% for FHA and VA loans.
Down Payment & PMI
Rate Assumptions
Loan Programs
Which Loan Is Right for You?
Conventional
3% down minimum down
Best for buyers with solid credit and stable income. Lowest long-term cost with 20%+ down. PMI drops automatically at 80% LTV.
FHA Loan
3.5% down minimum down
Best for first-time buyers or those with lower credit scores. More flexible qualifying, but mortgage insurance stays for the life of the loan unless refinanced.
VA Loan
0% down minimum down
USDA Loan
For eligible rural and suburban areas. Parts of Clay County and surrounding Jacksonville suburbs qualify. Income limits apply. No down payment, low mortgage insurance.
Jumbo Loan
10–20%+ down typical
From Calculator to Closing
Know Your Number. Now Make It Real.
A calculator gives you a range. A lender gives you a letter. Here's what to do with your result.
01. Talk to Ménage Mortgage
The calculator shows an estimated range. A mortgage consultation with Ménage Mortgage can help you compare actual loan options, documentation needs, estimated payment, and cash-to-close scenarios. Mortgage approval and terms remain subject to application, underwriting, property review, and applicable requirements.
02. Connect With Marshawn
Share your budget and timeline with Marshawn, then connect the estimate to the homes and locations you want to evaluate. Use the Jacksonville Buying guide and Start Here buyer guide to organize the real-estate side of the search.
03. Search With Confidence
With a pre-approval letter in hand and an agent who knows the market, you can move the moment the right home appears. In Jacksonville's market, that speed is the difference between winning and missing.
You are not required to use Ménage Mortgage to receive real-estate brokerage services through Dalton Wade Inc. Mortgage and real-estate services are separate and subject to their own agreements, disclosures, licensing, and qualification requirements.
Ready to Turn This Number Into an Offer?
Use your estimate to prepare for the next conversation. Review Jacksonville buyer closing costs and, if applicable, the first-time buyer program guide before relying on a single down-payment or payment number.
Or start your home search now: Browse Jacksonville Listings →