Dollar amounts for the principal loan amount, interest, property taxes, and homeowners insurance, along with the interest rate and terms of your loan are used to calculate your estimated monthly home payments. To determine your loan eligibility, lenders will also calculate your debt-to-income ratio, multiplying your monthly income by 45% and subtracting all your existing debt payments. The result of that calculation will help lenders settle on a financially feasible amount to issue for your mortgage. For accurate calculations, contact a Loan Officer!