Shopping for a car or boat or looking to take out a home equity loan? This calculator should give you a rough idea of how much loan you can afford to take based on the the monthly payment you can make and the current interest rate. Once you are ready, you'll need to get professional loan advice on your actual affordability. Other factors include your credit rating, collateral and fees that you pay up front or roll into the loan.
This loan calculator assumes compounding and payments occur monthly. Your actual loan may vary but this estimate should still give you a good idea of about how much you can afford.
You can also create a table of payments if you want to investigate various mortgage loan options.