Rental Property Planning Tool
Estimate rental-property DSCR before you request a review.
Use the calculator to compare monthly rent with an estimated qualifying housing expense. It is a planning tool—not a rate quote, approval, appraisal, or commitment to lend.
Program overview
How this mortgage review works
The calculator estimates principal and interest from the entered loan amount, rate assumption, and term, then adds monthly taxes, insurance, and HOA. Estimated DSCR is monthly rent divided by that combined housing expense.
A calculator can help identify which variables matter most. Higher rent, a lower loan amount, or lower qualifying expense can improve the ratio. Taxes, insurance, HOA, interest rate, and loan structure can materially change the result.
The result is not final underwriting. An actual DSCR review may use a different qualifying rate, payment, rent source, appraisal rent, reserve requirement, or program-specific calculation.
Who it may fit
Borrower and property profiles
- Investors testing a potential rental-property purchase
- Owners comparing refinance or cash-out amounts
- Borrowers evaluating rent and expense assumptions
- Real estate professionals screening investor scenarios
What drives the review
Key qualification factors
- Monthly qualifying rent
- Loan amount and interest-rate assumption
- Amortizing versus interest-only payment assumption
- Property taxes and homeowners insurance
- Monthly HOA or association dues
- Program-specific payment and rent methodology
Common uses
Scenarios this program may address
- Compare loan amounts for a purchase
- Estimate the effect of rent changes
- Test taxes, insurance, or HOA assumptions
- Prepare the core numbers before entering the DSCR Deal Desk
Documentation
What may be requested
- No documents are required to use the planning calculator
- Current lease or realistic market-rent estimate improves accuracy
- Tax bill or annual tax estimate
- Insurance quote or current premium
- HOA statement when applicable
- Mortgage statement for refinance planning
- The exact list depends on the borrower, property, transaction, state, and selected program.
The exact list depends on the borrower, property, transaction, state, and selected program.
From online profile to underwriting
From online profile to underwriting
Enter rent, loan amount, and a rate assumption
Add monthly taxes, insurance, and HOA
Review estimated payment, DSCR, and cash-flow output
Start the Deal Desk for a scenario-specific review
Important context
What to understand before moving forward
- Do not treat the rate assumption as an offered rate
- The appraiser or program may support a different rent amount
- The qualifying payment may include additional items
- Final terms require credit, assets, property, appraisal, and underwriting
Questions about DSCR Calculator
What is the basic DSCR formula?
A common planning formula is qualifying monthly rent divided by qualifying monthly housing expense.
Should taxes and insurance be monthly or annual?
The calculator should use monthly amounts. Annual figures should be divided by twelve.
Does the calculator provide an interest rate quote?
No. The rate is an assumption entered for planning purposes.
What rent should I use?
Use a reasonable current lease, eligible market-rent estimate, or supported short-term-rental estimate. Final underwriting determines the accepted rent.
Is a DSCR above 1.00 automatically approved?
No. Ratio is one part of the review; credit, value, leverage, property, assets, and documentation also matter.
Will the result be sent to underwriting?
Not by itself. Start the DSCR Deal Desk and submit the complete profile for review.
Start online
Let a licensed NonQM123 specialist review the numbers.
Final terms depend on borrower, property, documentation, program, investor, state, and underwriting requirements.