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  5. Loan Affordability Calculator | How Much Can You Borrow?
Finance

Loan Affordability Calculator | How Much Can You Borrow?

Calculate how much you can afford to borrow based on your monthly budget, interest rate, and loan term.

Specialized Calculators

Choose from 3 specialized versions of this calculator, each optimized for specific use cases and calculation methods.

Calculation Mode

3 calculators

Different ways to calculate and display your results

Payment Calculation
Mortgage Payment Calculator | Estimate P&I Payments
Calculate your estimated monthly Principal and Interest (P&I) payment for a mortgage.
mortgage paymentp&i paymentprincipal and interest+1
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Affordability Calculation
Mortgage Affordability Calculator | How Much House Can You Afford?
Estimate how much house you can realistically afford based on your income, debts, and desired monthly payment.
home affordabilityborrowing powermaximum mortgage+2
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Refinance Calculation
Mortgage Refinance Calculator | Calculate Savings & Break-Even Point
Analyze potential savings by refinancing your mortgage. Compare your current loan to new terms and estimate your break-even point.
refinancemortgage refinancelower interest rate+2
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Frequently Asked Questions about Loan Affordability Calculator | How Much Can You Borrow?

Lenders generally prefer a debt-to-income (DTI) ratio below 43%, including your potential new loan payment. A lower DTI (under 36%) is often better for loan approval and favorable terms.

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Basic Calculator
Perform basic arithmetic operations: addition, subtraction, multiplication, division, and percentage calculations.
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Mortgage Calculator with Taxes and Insurance
Calculate complete monthly mortgage payments including principal, interest, taxes, insurance, and other fees
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Compare the financial implications of renting versus buying a home over time.
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