Loan Affordability
The loan amount a monthly budget can support at a given rate.
Enter values
$
% p.a.
years
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Step by step
The formula
P = M × (1 − (1 + i)⁻ⁿ) / i
All calculations run locally in your browser and update instantly as you type.
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Frequently asked questions
Is this how much a bank will lend me?+
Not exactly — lenders also weigh income ratios, credit history and other debts. This shows the mathematical maximum your budget supports; borrowing below it leaves a safety margin.
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