Total income (pre-tax)

The sum of all the money you receive before taxes, payments, or contributions are deducted. Choose either a monthly or annual amount to complete this step.

Total monthly debt

The sum of your mandatory payment obligations each month, such as credit cards, student loans, car payments, or child support. You don’t need to include living expenses such as your rent, mortgage for a home you’re selling, food, electricity, gas, and water.

Down payment

The amount you’ll pay upfront to the seller, usually shown as a percentage of the purchase price. The rest of the purchase price is financed with your mortgage.