Borrowing Power Calculator
Estimate how much you could borrow based on your income, expenses, and the loan you're targeting. Switch to Joint applicants if you're applying with a partner.
This loan is for
Your income
Salary / wages
$
Before tax — regular employment income
Business / self-employed income
$
Net profit or director's salary, before tax. Leave $0 if not applicable.
Rental income
Gross rental income
$
Existing rental income from an investment property or granny flat. Leave $0 if none.
Total assessed income$15,000/mo
Existing commitments
Existing home loan repayment
$
Leave at $0 if you don't have a current mortgage.
Other loan repayments
$
Personal loans, car loans, HECS/HELP, student loans
Living expenses
Estimated living expenses
$
Groceries, utilities, transport, insurance, childcare, school fees and personal spending.
If you're currently renting, your rent costs will stop after you move in. You may be able to reduce your living expense estimate above.
Repayment comfort
How much can you comfortably repay?
$
Your estimated mortgage repayment — the conservative and maximum ranges are shown on the right.
The loan
Estimated borrowing power
Around $585,000
Based on your $3,500/mo repayment target
Conservative estimate
$540,000
25% of income of income
Upper estimate
$865,000
38% of income of income
Your range reflects different repayment comfort levels based on the information entered.
Indicative purchase price
$730,000
Required deposit
$145,000
Estimated repayments
Conservative
Comfortable lower range
Low
$3,250/mo
Your estimate
Based on your $3,500/mo target
Est.
$3,500/mo
Maximum banks may consider
Upper limit most lenders will consider
Max
$5,200/mo
APRA stress test rate: 9.00%(6% + 3% buffer)
Lenders must assess your capacity at your rate plus 3% (APRA requirement since Oct 2021). At this rate your assessed repayment would be $4,697/mo — lenders check you can afford this before approving.
Assessment living expense used$3,000/mo
We have used your entered monthly living expenses of $3,000/month.
We use the higher of your entered expenses or an indicative baseline for your household size. This is our own estimate only — not HEM or any bank benchmark.
Borrowing comfortTight
Your estimated repayment plus living expenses uses around 47% of your gross monthly income. Your estimate is close to the upper range based on the information entered. A broker may help compare lenders and check whether your actual position supports this amount.
Estimate only. This is not loan approval, credit advice, or a credit offer. Actual borrowing capacity depends on lender assessment, interest rates, living expenses, credit history, documents, and individual circumstances. Figures are rounded guides only.
What affects your borrowing power?
Income
Higher stable income may increase your borrowing capacity. Lenders assess regular, verifiable income only.
Debts & credit cards
Credit cards, car loans, personal loans, and HECS reduce your borrowing power — even if not fully drawn.
Deposit / equity
A larger deposit or available equity may improve your loan options and reduce lender mortgage insurance.
Lender policy
Each lender calculates borrowing power differently. A broker can match you to the lender with the best outcome for your situation.