While mortgage lenders use lending ratios, such as the percentage of a borrower's debt to their income, in deciding whether to approve a loan, a borrower's household budget may determine how much they want to spend each month on housing. That monthly payment will determine how large a loan the borrower can expect to receive based on the term of the loan, down payment and interest rate. Other monthly expenses such as insurance, taxes, and HOA dues will also factor into the calculation.
Loan Amount Calculator
Loan Amount Calculator
Monthly Payment Information
Loan Amount
$ 305,974
Down Payment
$ 25,000
Principal & Interest
$ 1,290
Taxes, Insurance & HOA
$ 310
Total Monthly Payment
$ 1,600
Based on the loan information provided, your monthly payment of $1,600 will result in a loan amount of $305,974 and a total home purchase price of $330,974. Your loan-to-value on the home will be 92.44%.