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Loan affordability, calculate how much you can get or afford a loan amount. depending on your minimum payment, and your preferred term.

Formula:

PV = PMT x (

)1 - (1 + rate) ^{- nepr}rate PV = Present value (in this case means Loan amount)

PMT = Minimum payment

Rate = Interest rate

Nepr = The number of paymentCalculate loan amount, or mortgage amount depending on your monthly budget.

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