Loan Prequalification Calculator

Use this calculator as your first step in determining your ability to qualify for a loan. While this calculator can’t guarantee you will qualify for your new loan, it is a good check point to see if it is within your means.

By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.


Loan amount

Total amount to be taken for this loan.

Interest rate

Annual interest rate for this loan.

Loan term in years

Number of years for this loan’s term.

Annual after-tax income

Your total after-tax income for the current year from all sources of income from all borrowers on this loan.

Number of income sources

Number of income sources from all borrowers. The more income sources you have, the better your ability to qualify for your new loan.

Payments for existing debt

Total existing monthly payments remaining after the funds from this loan have been received. This total does not include the following: Any loan payments on loans paid off with proposed new loan, the new loan payment, any credit card payments.

Credit card limit

Your current total credit card limit. This is the total limit of your credit cards, not your outstanding balance. Include the credit cards from all borrowers on this loan.

Number of dependents

Total number of dependents. This number does not include the borrower.

Real estate that will secure this loan

Total value of the equity you have in real estate that will secure this loan. If you already have a loan secured by the same real estate you are using for this loan, make sure to only enter the equity you have in that real estate.