Hi Jamie,

Max borrowing (the loan size) is just the size of the loan at the particular interest rate that you would be able to pay off if you were paying the entered amount of repayments per month – its just using a formula which is the opposite of the repayment calculator. Instead of working out the repayment by supplying the loan size, it works out the loan size by supplying the repayment.

It calculates how much you can afford to pay off, it doesn't equate to how much the bank will actually lend you – that would depend on the bank's own rules and risk ratings etc..

        It doesn't really replace anything that's already out there on thousands of websites.

Agree. There are a million websites which do this kind of thing, but most are plastered with all sorts of other information – I guess I wanted something simple and straightforward that just does one thing and one thing only.