{
  "id": "how-much-of-a-loan-can-i-afford-calculator",
  "version": "1.0.0",
  "name": "How Much of a Loan Can I Afford Calculator",
  "shortName": "How Much of a Loan Can I Afford",
  "description": "Calculate the maximum loan principal supported by a payment budget, rate, term, and financed fees.",
  "category": "Finance",
  "categorySlug": "finance",
  "keywords": [
    "how",
    "much",
    "of",
    "a",
    "loan",
    "can",
    "i",
    "afford",
    "calculator",
    "how much of a loan can i afford calculator"
  ],
  "status": "live",
  "workStatus": "pending",
  "reviewStatus": "pending",
  "migrationStatus": "new",
  "engine": "native",
  "creator": null,
  "reviewer": null,
  "quality": {
    "availability": "live",
    "technicalReviewRecord": "/reviews/how-much-of-a-loan-can-i-afford-calculator.json",
    "qualifiedReview": "pending",
    "qualifiedReviewer": null,
    "qualifiedReviewDate": null,
    "formulaVersion": "1.0.0",
    "referenceCoverage": "references-pending",
    "releaseTestScope": "Catalog and regression checks are not a professional formula audit; consult release evidence.",
    "historicalMetadataDate": "2026-09-01",
    "historicalMetadataNotice": "The imported date is not evidence of a completed human review."
  },
  "notice": "This estimate is not a loan offer or approval and does not account for all lender fees or underwriting requirements.",
  "urls": {
    "page": "/calculator/how-much-of-a-loan-can-i-afford-calculator/",
    "definition": "/calculator/how-much-of-a-loan-can-i-afford-calculator/definition.json",
    "schema": "/calculator/how-much-of-a-loan-can-i-afford-calculator/schema.json",
    "llms": "/calculator/how-much-of-a-loan-can-i-afford-calculator/llms.txt",
    "legacyDefinition": "/calculator/how-much-of-a-loan-can-i-afford-calculator.json"
  },
  "queryExample": "https://askcalculators.com/calculator/how-much-of-a-loan-can-i-afford-calculator/?paymentBudget=500&annualRate=7&paymentsPerYear=12&years=5&financedFeePercent=0",
  "queryParameters": {
    "paymentBudget": {
      "label": "Maximum periodic payment",
      "type": "money",
      "required": true,
      "default": 500
    },
    "annualRate": {
      "label": "Annual nominal rate",
      "type": "percent",
      "required": true,
      "default": 7
    },
    "paymentsPerYear": {
      "label": "Payments per year",
      "type": "number",
      "required": true,
      "default": 12
    },
    "years": {
      "label": "Loan term in years",
      "type": "number",
      "required": true,
      "default": 5
    },
    "financedFeePercent": {
      "label": "Financed fee as % of gross loan",
      "type": "percent",
      "required": true,
      "default": 0
    }
  },
  "inputs": [
    {
      "id": "paymentBudget",
      "label": "Maximum periodic payment",
      "type": "money",
      "required": true,
      "defaultValue": 500,
      "min": 0,
      "step": 10
    },
    {
      "id": "annualRate",
      "label": "Annual nominal rate",
      "type": "percent",
      "required": true,
      "defaultValue": 7,
      "min": 0,
      "max": 100,
      "step": 0.01
    },
    {
      "id": "paymentsPerYear",
      "label": "Payments per year",
      "type": "number",
      "required": true,
      "defaultValue": 12,
      "min": 1,
      "max": 365,
      "step": 1
    },
    {
      "id": "years",
      "label": "Loan term in years",
      "type": "number",
      "required": true,
      "defaultValue": 5,
      "min": 0.01,
      "max": 100,
      "step": 0.25
    },
    {
      "id": "financedFeePercent",
      "label": "Financed fee as % of gross loan",
      "type": "percent",
      "required": true,
      "defaultValue": 0,
      "min": 0,
      "max": 99.99,
      "step": 0.01
    }
  ],
  "outputs": [
    {
      "id": "maximumGrossLoan",
      "label": "Maximum gross loan",
      "format": "currency",
      "primary": true
    },
    {
      "id": "netLoanProceeds",
      "label": "Estimated net proceeds",
      "format": "currency"
    },
    {
      "id": "totalPayments",
      "label": "Total scheduled payments",
      "format": "currency"
    },
    {
      "id": "totalInterestAndFees",
      "label": "Payments less net proceeds",
      "format": "currency"
    },
    {
      "id": "paymentCount",
      "label": "Number of payments",
      "format": "integer"
    }
  ],
  "formula": {
    "expression": "present value = payment × [1 − (1+i)^−n] ÷ i; net proceeds = gross loan × (1 − fee%)"
  },
  "examples": [
    {
      "label": "Reproducible default-input example (not a personal recommendation)",
      "inputs": {
        "paymentBudget": 500,
        "annualRate": 7,
        "paymentsPerYear": 12,
        "years": 5,
        "financedFeePercent": 0
      }
    }
  ],
  "sources": []
}