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Home Loan Repayment Affordability Calculator

Max loan = monthly_payment / (r(1+r)^n/((1+r)^n-1)).

Estimates the maximum mortgage loan a household can afford from their maximum monthly payment, interest rate, and loan term.

Daniel Oh By Daniel Oh
Published Last reviewed 1 min read

Inputs

Results

Enter values and click Calculate to see results.
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How to use this calculator

  1. Fill in the inputs above using the units you already have.
  2. Values update automatically as you type — no submit button needed.
  3. Hover any result row for the underlying formula and intermediate values.

Formula

P = PMT × ((1+r)^n − 1) / (r × (1+r)^n)

In depth

Estimates the maximum mortgage loan a household can afford from their maximum monthly payment, interest rate, and loan term.