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Find out how much you can afford to borrow with NerdWallet’s mortgage calculator. Just enter your income, debts and some other information to get NerdWallet’s recommendation for how big a mortgage.
This is partly how mortgage lenders determine how much of an FHA loan you can qualify for. Example: A borrower has a gross monthly income of $6,000. In this scenario, the borrower’s total monthly debts (including the mortgage payment and other recurring expenses) should add up to no more than $2,580 per month.
