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Freelance Affordability Calculator
If you bill by the day or by the project, this calculator turns your day rate and typical work volume into an estimated qualifying income and mortgage payment — useful for a quick gut-check before you talk to a lender.
Estimated annualized income
🔒 100% private — everything is calculated in your browser, nothing is sent to a server.
Turning a day rate into a mortgage estimate
Day-rate contractors and freelancers often don't have a clean "annual salary" figure to hand a lender. This tool converts your day rate and average working days into an annualized income estimate, then applies the same debt-to-income logic a lender would use to gauge what you could afford.
- ✅ Use a realistic average of billable days, not your best month
- ✅ Lenders will still want 1–2 years of documented history, not just a rate card
- ✅ Slow seasons and gaps between contracts count against your average
Frequently asked questions
Is this financial advice?
No. This tool gives a rough, educational estimate only. Actual mortgage qualification depends on your full financial picture, credit score, assets, the specific lender's guidelines, and current rates. Always talk to a licensed mortgage professional before making a decision.
Is my data saved or sent anywhere?
No. Every calculation runs locally in your browser with plain JavaScript. Nothing you type is sent to a server, stored, or shared.
Why do self-employed borrowers need a different calculator?
Because lenders don't use your gross revenue — they use net qualifying income after specific averaging and expense-factor rules that only apply to 1099/self-employed income, which a generic mortgage calculator doesn't account for.
Should I use my best month or a realistic average?
A realistic average across a full year, including slow months and gaps between contracts. Using your best month will give you an inflated number that a lender won't actually approve.
Do I need 1099s to prove this income?
Usually yes — lenders want documented history (1099s, invoices, bank deposits) matching the day rate and volume you enter here, not just a stated rate.
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