Borrowing Capacity Calculator
Find out how much you can borrow based on the monthly payment you can afford.
Result
Maximum loan amount
10,345.11
Total repaid
12,000.00
Total interest
1,654.89
How it works
P = M · (1 − (1+r)⁻ⁿ) ÷ r (r = monthly rate, n = months)
Enter the monthly payment you're comfortable with, the interest rate and the term. The tool returns the largest loan that fits that payment, plus the total you'd repay and the interest. It's the reverse of a loan payment calculator.
Advertisement
Frequently asked questions
How much can I borrow?
It depends on your monthly payment, the rate and the term. A higher payment or longer term lets you borrow more.
Does a longer term let me borrow more?
Yes — but you pay more total interest. The tool shows both so you can compare.
Advertisement