How Much Can I Borrow?
Most people start with a price and hope the payment works. Start the other way round: tell FetchCalc the payment you can genuinely afford, and see the loan amount it supports.
Method and copy last reviewed · How our calculations work
Start from the payment
Tell FetchCalc what you can comfortably afford each month and we'll work backwards.
Approximately what you could borrow
Estimated loan amount
$15,622.94
At 10.5% over 4 yr, repaid with $400.00 a month
- Total interest
- $3,577.07
- Total repayment
- $19,200.01
- Payments
- 4 yr
Same $400.00 payment, different terms
Stretching the term raises what you can borrow — and what you pay in interest.
- 24 mo
- $8,625.14
- 36 mo
- $12,306.77
- 48 mo
- $15,622.94
- 60 mo
- $18,609.93
- 72 mo
- $21,300.42
This is a payment-affordability estimate only. Lenders also weigh your income, credit history, existing debts and their own limits, so an actual approval may be higher or lower.
What repayment would look like
49 payments · final payment Nov 2030
| Year | Paid | Interest | Principal | Balance |
|---|---|---|---|---|
| 2026 | $800.00 | $271.10 | $528.90 | $15,094.04 |
| 2027 | $4,800.00 | $1,425.54 | $3,374.46 | $11,719.58 |
| 2028 | $4,800.00 | $1,053.67 | $3,746.33 | $7,973.25 |
| 2029 | $4,800.00 | $640.81 | $4,159.19 | $3,814.06 |
| 2030 | $4,000.01 | $185.95 | $3,814.06 | $0.00 |
Ask Fetch
Ask about your numbers
Fetch explains your results in plain English. Every number comes from re-running the calculator above, so the figures are exact — never generated.
Payment-first borrowing, in three steps
- 1. Set the payment honestly. Use a figure you could still cover in a month where something goes wrong.
- 2. Use a realistic APR. Guessing low inflates the answer. If you don't have a quote, use the higher end of what you've seen advertised for your credit profile.
- 3. Choose the shortest term you can live with. The term chips show how much extra a longer term lets you borrow — and the interest column shows what that permission costs.
Shopping for a car?
Car budgets have extra moving parts — sales tax, fees and trade-ins. The car affordability calculator turns your payment into an estimated vehicle price with all of those included.
Frequently asked questions
Related FetchCalc tools
FetchCalc is an independent calculator and educational service. We are not a lender, broker, or financial adviser, and nothing here is financial advice. Estimates are for planning only; your actual offer and payment will come from your lender.