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Mortgage affordability calculator

Estimate the loan principal supported by a monthly payment budget.

Formula verified

Estimated loan amount

$225,461.35Based on a monthly payment of $1,500.00Calculated locally in your browser. Check the stated assumptions before making important decisions.

How this calculator works

This reverses the standard amortizing-loan formula. It excludes deposits, taxes, insurance, fees, affordability rules and changing rates.

Important notes

Results are estimates based on the values entered. Confirm rates, prices, units and professional requirements that apply in your location.

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