Calculator inputs
Enter your numbers to estimate what you can comfortably repay.
Example data table
Use these sample numbers to validate your setup.
| Scenario | Net monthly income | Expenses | Existing debts | APR | Term | Max affordable payment |
|---|---|---|---|---|---|---|
| Balanced budget | $4,750.00 | $2,200.00 | $300.00 | 14.50% | 36 mo | $855.00 |
| Higher expenses | $4,750.00 | $2,900.00 | $300.00 | 14.50% | 36 mo | $155.00 |
| Lower rate, longer term | $4,750.00 | $2,200.00 | $300.00 | 10.00% | 60 mo | $855.00 |
Values are illustrative. Your outputs will vary based on your rules, buffer, and fees.
Formula used
- Monthly net income: monthly income (or annual/12), adjusted for deductions if gross, plus other income.
- Debt-to-income (DTI): (existing debts + new payment) ÷ income.
- Max affordable payment: minimum of: cash-flow max, DTI max, and payment-to-income max.
- Loan payment (PMT): P × r ÷ (1 − (1 + r)−n) where P=loan amount, r=monthly rate, n=months.
- Maximum loan amount (PV): PMT × (1 − (1 + r)−n) ÷ r.
- Origination fee: deducted from cash received or financed into the loan, depending on your selection.
How to use this calculator
- Enter your income and choose net or gross.
- Add monthly expenses and existing debt payments.
- Pick a buffer to protect your cash flow.
- Set DTI and payment-to-income limits for safety.
- Enter the APR, term, and any origination fee.
- Type the cash amount you want to receive.
- Click calculate to see affordability and your maximums.
- Use CSV or PDF to save and share results.
This tool is for estimation only and not financial advice.