Loan amount calculator based on affordable monthly payment

Categoria:
Calcolatori

Taking out a mortgage is often a significant and long-term financial commitment. Before applying for one, it is important to carefully assess your saving capacity, based on your present and future income and expenses.

This calculator helps you estimate the maximum loan amount you may be able to obtain from a bank, based on the monthly payment you believe you can afford, along with the interest rate and loan term. As a general rule, your monthly mortgage payment should not exceed one third of your net income.

For a more accurate estimate of the amount you might be granted, use the APR (Annual Percentage Rate) as the interest rate. The APR reflects the true cost of the loan, taking into account most of the fees you will need to pay. It must be clearly communicated to you by the lender before you sign any mortgage agreement.

Remember: with the same monthly payment, frequency, and interest rate, the shorter the loan term, the lower the amount you can borrow, and vice versa.

For simplicity, we have not imposed limits on the interest rate values you can enter. However, consult the Banca d'Italia's website for the legal thresholds beyond which interest rates are considered usurious.

IMPORTANT

Banca d'Italia does not offer banking products or services, such as mortgages or other loans, to individuals. The approval of a mortgage and the financial terms applied will depend on the policies of the bank or intermediary you contact and your personal financial situation.

The results provided by this tool are indicative and are not intended to replace any official or certified calculation provided by your bank or financial advisor. The amounts and repayment periods are estimates only and may differ from actual amounts. Results are based solely on the information you enter and do not take into account personal circumstances or external factors - such as future changes in interest rates - which may affect your financial decisions.