This calculator estimates your borrowing power based on your income, financial commitments and loan details entered. This can be used in conjunction with our loan repayment calculator to help you to work out your repayments based on the amount you wish to borrow.
Want to find out how much you might be able to borrow for a home loan? Our borrowing power calculator gives you an initial estimate of what a lender may be willing to lend to you.
This is a handy step to take before you contact your mortgage broker so that you can see the effect different interest rates and loan periods will have on the amount of money you can borrow, the total interest you pay and your estimated monthly loan payments.
How it works:
Make sure you enter realistic figures to get a more accurate picture of what you can comfortably afford to borrow. You'll want to ensure that you don't end up overstretched or struggling to meet your repayments.