Loan Affordability Calculator
Estimate the maximum loan you can afford using the 36% debt-to-income rule, your existing debts, and the loan's rate and term.
Inputs explained
- Annual Income — Your gross yearly income. Example: 90000.
- Monthly Debt Payments — Existing monthly debt obligations. Example: 500.
- Annual Interest Rate — The expected loan rate as a percentage. Example: 8.
- Loan Term — Repayment length in months. Example: 60.
How to use it
- Fill in the fields above — each input has a hint describing exactly what to enter
- Press Calculate to get your result instantly, right on this page
- Copy the result, save the tool to favorites, or share and embed it anywhere
Understanding the result
Example: With $90,000 income and $500 in monthly debts, the affordable payment is $2,200/month, supporting a loan of about $108,500.55 at 8% over 60 months.
Frequently asked questions
Why does the calculator subtract existing monthly debts before figuring out the loan amount? It follows the 36% debt-to-income guideline, so the $500 in existing debts is deducted from the 36% ceiling first, leaving the remaining room ($2,200 in the example) available specifically for the new loan payment.
Is the affordable loan amount the same as what a lender will actually approve? No — this is a rule-of-thumb estimate based on the 36% DTI ratio; actual lender approval also weighs credit score, employment history, assets, and the lender's own DTI limits, which can be stricter or more lenient.
Is the Loan Affordability Calculator free to use? Yes — it is completely free, with no sign-up, no download and no usage limits. You can use it as often as you need.
Is my data private? Yes. The calculation runs entirely in your browser — the values you enter are never sent to our servers, stored or shared with anyone.
What information do I need? Just the following: Annual Income, Monthly Debt Payments, Annual Interest Rate, Loan Term. Each field includes a hint explaining exactly what to enter.
Can I use it on my phone? Yes — the tool is fully responsive and works on any device, and the same calculator is available in the EasyWorkCalcs mobile app.
Privacy
Everything you enter into the Loan Affordability Calculator is processed entirely in your browser. Nothing is uploaded, stored or shared — your data stays on your device.