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Payment Calculator
Work out how large a loan you can afford based on the monthly payment you are comfortable with, the interest rate, and the term.
Your numbers
$
%
yrs
Loan you can afford
$0
Maximum loan for this payment
Monthly payment$0
Total paid$0
Total interest$0
How the payment calculator works
This reverses the usual loan formula: given the payment you can make each month, it finds the present value — the largest loan that payment can repay over the term at the given rate.
Loan = M × (1 − (1 + r)⁻ⁿ) / r where M = monthly payment
Frequently asked questions
Why is this useful?+
It helps you set a realistic budget. Instead of guessing a loan amount, you start from a payment you can afford and see how much you can borrow.
Does a higher rate reduce the loan?+
Yes. At a higher interest rate, more of each payment goes to interest, so the same payment supports a smaller loan.