Loan Affordability Calculator
Our Loan Affordability Calculator will help you determine how much you can afford to borrow if you need to take out a loan. This calculator assumes you already know what the Maximum Monthly Payment you can afford is.
This Loan Affordability Calculator doesn't take your other life expenses or monthly budget into account. It's simply a way to calculate how much you can borrow based on the inputs available below.
It also doesn't take other lending pitfalls into account like balloon payments or interest rates that increase over time.
Remember: don't take out loans -or- unnecessary debt if you don't have to!