Max Loan Amount Calculator
Enter your gross monthly income, your other monthly debt payments, a target debt-to-income limit and an estimated interest rate. The calculator works backwards from the payment your budget can carry to the loan amount that payment supports on a 30-year fixed term.
Frequently asked questions
- How does the calculator decide how much I can borrow?
- It multiplies your gross monthly income by the DTI limit you enter, subtracts your existing monthly debts, and treats the remainder as the maximum monthly principal-and-interest payment. That payment is converted to a loan amount at the rate and term you chose. Taxes, insurance and mortgage insurance would reduce the result.
- Which DTI limit should I use?
- The default of 45% is a common ceiling for conventional programs, but limits differ by program and lender, and some non-QM programs do not use DTI at all. Try a few values to see the range. Results are estimates for planning only, not financial advice, a credit decision, or an offer of credit. A loan officer can confirm the numbers that apply to you.
Want a loan officer to look at your numbers? The Loan Officer matches borrowers with loan officers for non-QM, DSCR, bank-statement and hard-money scenarios.
The Loan Officer is a loan-matching marketplace, not a lender or mortgage broker. It does not set rates, make credit decisions, or originate loans. Equal Housing Opportunity.