🛒 Buying Power Calculator
See how much loan you could qualify for based on the monthly payment you’re comfortable with.
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What is buying power?
Buying power in a lending context refers to the maximum loan amount you can afford, based on the highest monthly payment you’re willing or able to make, given a specific interest rate and loan term.
How this calculator works
Enter your target maximum monthly payment, the interest rate, and the loan term. The calculator works the standard loan payment formula backwards to solve for the largest loan principal that would produce that exact payment.
This is a general estimate for planning purposes. Actual borrowing limits also depend on your income, debts, credit, and lender-specific underwriting criteria.
Last reviewed August 2026