Calculator
Borrowing Power Calculator
Estimate how much you could borrow based on your income, expenses, and loan details.
Your Income
Joint Income?
Dependent Children
$
$
Your Expenses
$
$
$
$
Loan Details
%
yrs
You can borrow up to
$0.00
Assessed at 8.50% (5.50% + 3.00% buffer)
Monthly Repayment
$0.00
Monthly Surplus
$0.00
Monthly Breakdown
Total Income$0.00
Total Expenses-$1,530.75
Available for Repayments$0.00
Loan Balance Over Time
How this is calculated
- Borrowing power is assessed at the greater of the interest rate + 3% buffer or a floor rate of 5.75% (currently using 8.50%)
- The greater of your estimated living expenses or a default Household Expenditure Measure (HEM) amount based on your household size is used
- Credit cards are assessed at 3.8% of total limits per month, regardless of your current balance
- Repayments and total interest are calculated at the actual interest rate (5.50%), not the assessment rate
- No fees (up-front or ongoing) are included in this estimate
- Interest rate is assumed not to change over the loan term
This calculator is designed to give you an estimate of how much you can borrow. Borrowing power is calculated on a custom model which can differ from lender to lender. You will only know how much you can borrow for certain when you apply and receive conditional approval for a maximum borrowing amount on a loan. Book a call for a personalised borrowing capacity assessment.