Loan Affordability Calculator
Find out the maximum loan and monthly payment your income can support.
Result
How to use
- Enter your values in the fields above.
- Press Calculate to see your result instantly.
- Use the Share button to copy a link to your result.
About this calculator
This calculator estimates the maximum monthly payment and total loan amount you can realistically afford, based on your monthly income, a target debt-to-income (DTI) ratio, the loan's interest rate and its term — the same variables lenders check when qualifying a borrower.
Homebuyers and car buyers use it before shopping to know their realistic budget, and mortgage brokers use the same DTI logic when pre-qualifying clients. Enter your income, desired DTI ratio, interest rate and term to see the maximum loan and monthly payment your income can support.
Was this helpful?
Popular calculators
Loan Calculator
Monthly payment, total interest and full amortization schedule.
Percentage Calculator
Percent change, percent of, and ratio calculations.
Discount Calculator
Calculate final price, savings, and discount amount.
BMI Calculator
Body mass index from height and weight (metric or imperial).
Age Calculator
Compute your exact age in years, months and days from a birth date.
Compound Interest Calculator
Calculate the final amount and interest earned with compounding.
All Calculators
No calculators found
Comments (0)