Simulator: what your score opens today
Move the sliders to see the likely program, the estimated payment and the income a lender usually wants to see.
The simulator combines your score with the home price, your down payment and the rate to show the likely program (FHA or conventional), the minimum down payment and the estimated monthly payment including mortgage insurance, property tax and HOA. It is a study estimate — actual approval depends on lender underwriting.
Study estimate. Property tax and homeowners insurance use Florida averages and vary by county, community and house. HOA estimated at $85. This is not a credit offer or a pre-approval.
How to read the result
Three numbers matter more than the rest.
| The number | What it tells you | What to do with it |
|---|---|---|
| Total payment | Principal, interest, mortgage insurance, property tax and insurance | Compare it to your current rent, not to the "loan amount" |
| Down payment applied | The program minimum or what you have, whichever is greater | Remember closing costs come on top of the down payment |
| Suggested income | A rough estimate based on debt-to-income | If your income is lower, the path is a cheaper home or more down payment |
It does not consider your other debts, employment history, income type or lender policy. Two people with the same score get different answers every day — which is why real analysis is individual.
Questions about the simulation
Will the payment be exactly that?
Rarely exact. Property tax and homeowners insurance vary widely in Florida, insurance especially. Use the result as an order of magnitude to decide whether to move forward.
Why does the minimum down payment change with the score?
Because the program changes. Below 580 FHA requires 10%; from 580 it allows 3.5%. Conventional can require less down, but insurance costs more when the score is low.
How does a lender calculate required income?
Through the ratio of your monthly debts to gross income. The housing payment sits in that calculation alongside car, cards and other obligations — which is why the real number is usually stricter than this estimate.
Start with a read of all three credit reports
Within one business day you get an honest read of your credit: what is an error, what is real debt, and what can change before you talk to a lender.
No charge to analyze. We work in English, Spanish and Portuguese.