Lead Magnet · Mortgage Qualifier

Mortgage Calculator

Real payment estimates from real income, assets, and credit — calibrated for Idaho, Washington, and Oregon.

Built by Tyler Shearer — NMLS #1717959 · Gesa Credit Union

Rate Disclaimer: All interest rates, APRs, and payment examples shown are for illustrative purposes only and are subject to change without notice. Actual rates depend on credit score, loan amount, loan-to-value ratio, property type, and other factors. Rate quotes are not a commitment to lend. Contact Tyler Shearer for current rates and a personalized quote. NMLS #1717959.

Property

Income

Assets

Credit

Results

The First Leg · Property

What are you buying?

Start with the property. This determines your loan type, required down payment, and rate tier.

Mortgage type

Property type

Single Family

Detached home

Condo / Townhome

Attached, HOA

Construction

Build new home

Land / Lot

Vacant acreage

Second Home

Vacation / lake

Multi-Family

2 to 4 units

Purchase price

State

Down payment

$80,000

$020% down$200K+

Loan term

30-Year Fixed

Lower monthly payment

15-Year Fixed

Pay off faster, less interest

The Second Leg · Income

What do you earn?

Income is the engine of your qualification. The more we understand it, the more accurate your number.

Income type

How do you prefer to enter income?

Annual gross income (before taxes)

Co-borrower annual income (optional)

Estimated annual income

Gross monthly income

Your gross monthly income is $10,000. At a 43% max DTI, your total monthly debt payments (including the new mortgage) cannot exceed $4,300. We'll calculate your actual DTI after you enter your debts in the Credit step.

The Third Leg · Assets

What do you have available?

Assets show lenders you have funds to close and reserves after. Both matter for your approval strength.

Funds available for down payment and closing

Include all liquid cash you are willing to use — checking, savings, gift funds.

Any funds a gift from family?

Emergency fund (should stay untouched)

Aim for 3 months of living expenses in savings.

Retirement / investments (reserves — not spent at closing)

Lenders count these as reserves to strengthen your application — we will not use them for closing.

Tyler Shearer (NMLS #1717959) takes a holistic approach to assets. Strong reserves can offset a lower credit score or higher DTI in some loan programs.

Credit · Debts

Credit score and monthly obligations

Your score sets your rate tier. Your monthly debts determine how much house you can qualify for. Both move the number significantly.

Estimated credit score range

580 to 619

Fair

620 to 659

Below average

660 to 699

Average

700 to 739

Good

740 to 759

Very good

760+

Excellent

580620660700740760+

Monthly debt obligations (do not include rent or utilities)

Car payment(s)

Student loans

Credit card minimums

Installment loans (boat, RV, etc.)

Other debts on credit report

Total monthly debts$0 / mo

Bankruptcy or foreclosure in the last 7 years?

Your Results · Friend

Here's your mortgage picture

Based on what you shared. These are estimates — your verified numbers come after a full application and credit pull.

Maximum Purchase Price

—

Based on income, debts, and down payment

Comfortable target

—

More breathing room in budget

Down payment

—

— % of purchase price

Estimated rate

—

Gesa Credit Union

Loan amount

—

Conventional

Monthly payment breakdown

Principal & Interest—

Property taxes (est.)—

Homeowner's insurance—

PMI (under 20% down)—

Total monthly payment—

DTI ratio

—

Debt-to-income

Est. closing costs

—

Typically 2 to 3% of loan amount

Tyler Shearer

Senior Loan Officer · Gesa Credit Union · NMLS #1717959

Want me to walk you through your numbers? I review every submission personally.

Schedule a Mortgage Review (208) 760-7739

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