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Loan Affordability Calculator — How Much Can You Borrow?
Find out the maximum loan amount you can afford based on your monthly budget and interest rate.
Loan Affordability Calculator
Maximum Loan Amount
$237,316.23
Max Home Price (with down payment)
$257,316.23
Total Interest Paid
$302,683.77
Frequently Asked Questions
How much mortgage can I afford?
A common rule is to keep your monthly mortgage payment below 28% of your gross monthly income. Enter your maximum comfortable payment amount to see the corresponding loan amount.
What is the 28/36 rule?
The 28/36 rule says your mortgage payment should not exceed 28% of gross monthly income, and all debt payments should not exceed 36% of gross income.
Does the affordability calculator include a down payment?
Yes — enter your planned down payment and the calculator shows the maximum home price you can afford (loan amount + down payment).
What other costs should I consider when buying a home?
Beyond the loan payment, consider property taxes (0.5–2% of home value per year), homeowners insurance, HOA fees, and maintenance costs (typically 1% of home value per year).