That's because a good mortgage calculator does the following: One of the key metrics lenders look at to determine how much house you can afford is your debt-to-income ratio (DTI)—the percentage ...

One criteria mortgage lenders use to assess your mortgage application is the debt-to-income ratio (DTI). Your debt-to-income ratio is a comparison of how much you owe (your debt) to how much ...

Also ensure that any overpayment you make goes to reduce the debt (so shortening the term) rather than reducing your monthly payments. This calculator assumes you reduce the mortgage debt, which is ...

Gross debt service ratio ... mortgage due to the additional interest you’ll pay. You can use a mortgage amortization calculator to see the effects of different amortization periods.