AFF
Loan Affordability Calculator
The largest loan a monthly payment you can afford will repay, at a given rate and term.
Result…
How it's calculated
Loan = PMT × (1 − (1 + i)^−n) ÷ i i = yearly rate ÷ 12, n = months
Turns a budget into a borrowing limit: the present value of the payments you can make. A longer term raises the limit but the extra comes with much more interest, as the curve flattening shows.
Your numbers, step by step
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