Maximum Loan Estimate Calculator
Estimate the loan size a property's rent may support.
Your scenario
Market rent or in-place lease for the property.
The coverage ratio you want the rent to support.
This is not a quote; test any rate.
Leave blank if none.
Results
Fill in the fields to see your result; it updates as you type.
This calculator is for educational purposes only and does not constitute a loan approval, pre-qualification, commitment to lend, or quote of rates or terms. Actual qualification is determined by full underwriting, including an appraisal with a market rent analysis (Form 1007) or executed lease where applicable. Program guidelines vary by scenario. Loancutters Inc. dba Evoque Lending, NMLS #337415, CA DRE #01521538. Equal Housing Opportunity.
How to read the result
This tool runs the DSCR math in reverse. Instead of asking whether a known loan works, it starts with the rent, subtracts taxes, insurance, and dues, applies your target coverage ratio, and solves for the largest payment; and therefore the largest loan; the rent could support at the rate you enter.
The result is sensitive to every input. A small change in the test rate, the target ratio, or the tax bill moves the maximum meaningfully, which is exactly why it's worth testing several combinations. The target ratio is an editable assumption: raising it sizes the loan more conservatively, lowering it stretches the estimate.
What lenders actually use
Rent-supported sizing is only one of the constraints a real file runs through. Actual loan amounts are also capped by the property's appraised value, program loan limits, and the specifics of your scenario; whichever binds first sets the number. An appraisal with a market rent analysis typically drives both the value and the rent used, so your estimates here are a preview, not a commitment.
If the calculator says the expenses alone consume the rent, that specific structure doesn't pencil; but a different term, payment type, or program might. Guidelines vary; contact us to explore what your scenario supports.
Common questions
Why does the interest-only toggle change the maximum so much?
An interest-only payment is smaller than an amortizing one for the same loan, so the same rent can support a larger balance. Keep in mind that IO periods eventually convert to amortizing payments, and some programs qualify IO loans more conservatively.
What target ratio should I use?
The pre-filled figure is a working assumption, not a program term. A higher target gives you margin for surprises; a lower one shows the aggressive end of the range. Testing both brackets the answer.
Is this the loan amount I'd actually be offered?
No; it's the rent-supported ceiling at your own inputs. Value-based limits, program caps, and full underwriting all apply, and any of them can set a lower number. Treat it as a planning envelope.
The result seems too low. What should I check?
Taxes and insurance are the usual culprits; they come off the top before any loan payment is supported. Double-check that you entered annual figures where asked, and that the rent is monthly.