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.

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Your Financial Picture

Annual Household Income$85,000

Gross (pre-tax) combined household income per year

Monthly Debt Payments$300

Car loans, student loans, minimum credit card payments — not utilities or groceries

Down Payment Available$20,000

Cash available for down payment. Jumbo loans typically require 10–20%+ down. Closing costs (2–3% of loan) are separate.

Interest Rate7.0%

30-year fixed. Jumbo rates typically run 0.25–0.5% above conforming — adjust to match a real quote.

Loan Term

Credit Score Range

Jumbo loans generally require 720+ and strong reserves. Conforming programs have lower minimums.

Annual Property Taxes$3,500

Jacksonville/Clay County averages 1–1.3% of assessed value. Luxury properties may be higher.

Annual Homeowner’s Insurance$1,800

Florida averages $1,500–$2,500/year. High-value and waterfront homes can run significantly higher.

Monthly HOA Fees$0

Luxury and gated communities in Jacksonville can carry HOA fees of $300–$1,000+/month

Jumbo Territory — Your estimated loan amount exceeds the 2025 conforming limit of $806,500. This calculation uses jumbo loan guidelines: no PMI, 720+ credit preferred, DTI ceiling of 38–43%, and lender reserves typically required.

Estimated Buying Power

$—

Maximum home purchase price

Monthly P&I—

Property taxes—

Insurance—

PMI (est.)—

HOA—

Total housing payment—

Loan amount—

Down payment—

Conforming loan — within 2025 limit of $806,500

Debt-to-income ratio—

Programs You May Qualify For

Get a Real Pre-Approval →

Estimates only — not a loan commitment. Jumbo approvals require full underwriting including asset reserves, employment verification, and appraisal. Conforming limit $806,500 (2025, Florida). Contact Ménage Mortgage for a real pre-approval.

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

Conventional mortgage insurance may apply when the down payment is below 20%. The actual cost and cancellation rules depend on the loan, insurer, loan-to-value, payment history, and applicable requirements.

Rate Assumptions

The calculator uses the interest-rate assumption you enter. Actual rates and pricing vary by loan program, market conditions, credit profile, property, loan size, points, and lender. Use a current quote from Ménage Mortgage when you want a more realistic payment estimate.

Loan Programs

Which Loan Is Right for You?

The loan program affects down payment, mortgage insurance, qualifying rules, and monthly payment. Jumbo financing is determined by the applicable conforming loan limit for the property and year, so use current loan limits rather than a fixed historical threshold.

Conventional

3% down minimum down

Credit requirements vary by program and underwriting

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

Credit requirements vary by program and underwriting

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

Credit requirements vary by lender

For eligible Veterans, service members, and qualifying surviving spouses, a VA-backed purchase loan may offer no down payment when program requirements are met. VA does not require monthly PMI. A funding fee may apply unless the borrower is exempt.

USDA Loan

Potential 0% down

Credit requirements vary by program and underwriting

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

Credit and reserve requirements vary by lender and loan size

Jumbo financing applies when the loan amount exceeds the applicable conforming loan limit. Down payment, credit, reserves, documentation, pricing, and mortgage-insurance structure vary by lender and scenario.

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 Unlock Realty. 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.

Get Pre-Approved Talk to Marshawn

Or start your home search now: Browse Jacksonville Listings →