Maximum Loan Amount Calculator
Budget, income, down payment and loan limits: the lowest one decides how much you can borrow.
What This Calculator Does
Finds the largest conventional, FHA or VA loan whose full monthly payment (principal and interest, tax, insurance, HOA and PMI or FHA mortgage insurance) fits your budget and, if you enter it, your income at a chosen DTI limit. It applies the program's LTV to your down payment and the conforming and FHA limits for Miami-Dade, Broward and Palm Beach, and names the limit that binds.
Who Is This For
Buyers comparing conventional, FHA and VA before a pre-approval, veterans looking at a VA purchase with no down payment, and agents who need to know what caps a client's price range.
How It Works
Choose the program; enter the down payment, rate and term, a monthly budget or your income and debts (or both), and the tax, insurance and HOA you expect. Calculate to see the maximum loan, what limits it and the payment at that loan.
Frequently Asked Questions
Why does the payment include taxes, insurance and HOA?
Lenders qualify you on the whole housing payment. Counting only principal and interest overstates the loan, especially in South Florida, where insurance and association dues weigh heavily.
What is loan-to-value, and why does my down payment cap the loan?
Loan-to-value is the loan divided by the price. The maximum is 97% for a conventional loan (a first-time buyer or HomeReady/Home Possible), 96.5% for FHA and 100% for VA, so your down payment caps the loan.
What are the 2026 loan limits in Miami-Dade, Broward and Palm Beach?
For a one-unit home: $832,750 for a conforming loan (FHFA) and $667,000 for FHA (HUD). Above the conforming limit a loan is a jumbo loan. VA borrowers with full entitlement have no limit.
Should I borrow up to my maximum?
The maximum is a ceiling, not a target. Borrowing at the top leaves little room for insurance increases, special assessments and repairs. Your lender's approval sets the final figure.