How much can I afford to borrow?

Given an interest rate, monthly payment and term this calculator can compute the amount you can borrow.

Savings

Anticipated monthly payments ?

The amount you plan to deposit into the savings plan each month.

Annual interest rate ?

The yearly interest rate the savings balance earns, compounded monthly.

Total number of monthly payments (15 years = 180 months) ?

How many months you will keep making deposits (180 months = 15 years).

Enter your values and select Calculate.

Given an interest rate, monthly payment and term this calculator can compute the loan amount. Use this calculator to determine how much you can borrow based on your anticipated payments.

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.