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Mortgage Loan Amount

Wondering how much you can borrow for your dream home? The Mortgage Loan Amount Calculator helps you determine the total loan you may qualify for based on your income, down payment, interest rate, and amortization period. It’s the perfect tool for setting realistic expectations before applying for a mortgage.



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What is Mortgage Loan Amount Calculator

A Mortgage Loan Amount Calculator is a financial tool designed to estimate the maximum loan amount a lender may approve for your home purchase. Unlike a general affordability calculator, which focuses on total home price, this tool specifically zeroes in on the mortgage component—the portion of the home price that will be financed through a loan. It’s especially helpful if you already know how much money you plan to put down as a down payment and want to find out how much more you can borrow from a lender to reach your total home budget

This calculator simplifies the process of planning a home purchase by giving you a clearer picture of your financial limits. Whether you’re a first-time buyer or upgrading to a larger home, knowing your maximum loan amount allows you to search within the right price range and approach lenders with confidence.




How it works

Mortgage Loan Amount Calculator Works

The Mortgage Loan Amount Calculator works by using a few critical financial variables to compute your potential borrowing power. First, you input your desired monthly payment or the amount you feel comfortable paying each month toward your mortgage. The calculator then uses this figure along with the current interest rate and preferred amortization period (the time over which you plan to repay the loan) to determine the total loan amount that fits within those payment constraints.

In some versions, you may also input your gross annual income and debt obligations, allowing the calculator to apply common lending ratios like Gross Debt Service (GDS) and Total Debt Service (TDS) to refine the results. The result shows the highest mortgage loan you’re likely to be approved for based on your finances. This helps eliminate guesswork and prepares you for conversations with lenders or mortgage brokers. It also ensures you don’t overextend yourself financially by taking on a loan that exceeds your ability to repay.



Frequently Asked Questions

What’s the difference between loan amount and home price Toggle
The home price includes both the mortgage loan and your down payment. The loan amount is the portion of the home’s cost that you finance through the mortgage
Can this calculator factor in down payments Toggle
Yes, many versions allow you to enter your planned down payment to help you see how it impacts the loan amount and overall home budget
Is this calculator suitable for all mortgage types Toggle
It works best for fixed-rate and variable-rate mortgages with traditional amortization schedules. For more complex products, a lender’s assessment is recommended.
How does the interest rate affect my loan amount Toggle
A higher interest rate reduces the total loan you can afford because more of your monthly payment goes toward interest. Lower rates increase your borrowing power.
Should I rely solely on this calculator before house hunting Toggle
While it’s a great starting point, it’s best used in combination with pre-approval from a lender, which takes a more detailed look at your credit and financial history.