Money & Finance
Loan Affordability Calculator
Calculate the cost of a mortgage, car loan or personal loan and see how it may fit your monthly finances.
For buying a home. The calculator includes a down payment, housing costs and a Finnish mortgage stress-test indicator.
Your monthly finances
Your household income after taxes and other payroll deductions. Use household income if the loan and expenses are shared.
Expenses that will continue after taking the loan: food, utilities, insurance, subscriptions, childcare and other normal spending. Do not include existing debt payments here. If current rent will disappear after buying a home, leave that rent out.
Monthly payments on loans and credit you already have. Do not include the new loan being calculated.
Optional. Enter readily available savings before paying the down payment. This lets the calculator estimate the financial buffer left afterward.
Loan details
The amount you plan to pay yourself rather than finance with the mortgage.
Optional. Costs caused by the new home in addition to the mortgage, such as maintenance charges, insurance or other ongoing housing costs. Avoid entering costs already included in your ongoing monthly expenses.
The amount you pay upfront rather than financing.
Optional. Estimate insurance, vehicle tax, fuel or charging, maintenance and other costs that are not already included in your monthly expenses.
The amount you want to borrow.
Enter the nominal annual interest rate offered by the lender.
Optional one-time fee charged for arranging the loan.
Optional recurring account, invoicing or servicing fee.
Loan assessment
Loan cost
Amount financed
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Down payment
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Monthly loan payment
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Monthly payment including loan fees
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Total interest
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Total loan fees
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Total borrowing cost
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Total repaid to lender
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Monthly affordability
Net monthly income
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New monthly cost
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Money left after expenses and loan
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Debt payments / net income
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Cash buffer after down payment
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Mortgage stress indicator
Mortgage payment at stressed rate
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Stressed debt-service ratio
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FIN-FSA reference level
60% of net income
Approximation using a 6% interest rate and no more than a 25-year repayment period. Existing debts are entered as current monthly payments, so this is not the same calculation performed by a lender.
Affordability assessment
—How to interpret this result
Important information
This is an educational affordability indicator, not a lending decision or personal financial advice. Lenders use additional information and their own criteria.