Loan Affordability Calculator
Find the maximum loan you can afford based on your income and a target debt-to-income ratio.
How This Works
This uses the common "28% front-end DTI" guideline — that housing/loan payments shouldn't exceed 28% of gross monthly income — then works backward through the loan formula to find the maximum loan amount that payment could support.
Formula
Example
$6,000/month income at 6.5% over 30 years supports a maximum monthly payment of $1,680, which affords roughly a $265,000 loan.
Frequently Asked Questions
How much loan can I afford with $6,000/month income?
Up to about $265,794, using the 28% debt-to-income guideline at 6.5% over 30 years.
Is 28% the right debt-to-income ratio for everyone?
It's a common guideline, but lenders and personal circumstances vary — some allow higher ratios, especially with strong credit or low other debts. Always get a personalized quote.