How expensive of a home or car can I afford if I pay $1,225/month?
How much of a loan can I get if I can pay $1,225 per month?
Can I afford a car or home loan if I can pay $1,225/month?
How expensive of a car or mortgage can I afford? Type in your monthly payment, interest
rate, and the loan length. The result will show the amount that you can borrow.
Note that this calculator does not take any other costs into account, such as
taxes, insurance, PMI, maintenance, etc. It just determines the loan amount
based on a monthly payment. It also doesn't determine whether you will be approved
for the loan. Speak with a mortgage broker, a local banker, or get an online
loan quote to find out specifically what type of loan you can afford.