Loan Affordability Calculator
Practical tip: work backwards from your budget. Lenders approve maximums — your budget decides what is actually comfortable.
Run your numbers
How to use this tool
Enter the monthly payment you can comfortably afford — after your other bills, not before. Be honest; this number drives everything.
Enter the rate you realistically expect and the term you are considering. Use a quoted rate, not an advertised teaser.
Press Calculate to see the maximum loan amount that payment supports at that rate and term.
Treat the answer as a ceiling for shopping, not a target. Borrowing less than the maximum means less interest and more breathing room each month.
Keep reading: borrower guides
How Do Lenders Calculate Your Maximum Loan Amount? A Borrower’s Guide
What Is Debt-to-Income Ratio and How Do Lenders Use It?
What Is the Total Cost of a Loan? How to Figure It Out
Estimates only, not financial advice. Check final terms with your lender.