Borrowing power from payment

If you know the monthly payment you are comfortable with, you can back-solve for roughly how large a fixed-rate, fully amortizing loan might be. Enter payment, APR, and term in years. Results help with budgeting conversations; actual approval depends on income, credit score, and lender policies.

FAQ

What is being solved?

Maximum principal on a fixed-rate, fully amortizing loan given affordable payment, APR, and term in years.

Why is approval different from this number?

Lenders use debt-to-income, credit score, collateral, and policy caps. This page ignores underwriting.

Taxes and insurance in escrow?

Not included. If you need PITI caps, add those costs outside this tool.

ARM loans?

Not modeled; payment would change when the rate resets.

Is this financial advice?

No. Illustration only.

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