Buying and selling
Borrowing Power Calculator
Estimate how much a lender may let you borrow, based on your income, living costs and existing commitments.
Your household
Joint application
Dependent children
Income after tax
Net salary: how often
Other net income: how often
Expenses and commitments
Groceries, bills, transport, insurance and other regular spending. Leave out rent you will stop paying.
Living expenses: how often
The full limit counts, even if the cards are paid off.
The loan
You could borrow up to
$536,000
- Monthly repayment
- $3,387.88
- Fortnightly equivalent
- $1,563.64
- Weekly equivalent
- $781.82
- Living expenses used
- $2,800 a month
- Monthly surplus before the new loan
- $4,510
Repaying the full amount
Show the figures as a tableHide the table
| Year | Loan balance |
|---|---|
| 0 | $536,000 |
| 1 | $530,009 |
| 2 | $523,617 |
| 3 | $516,796 |
| 4 | $509,519 |
| 5 | $501,755 |
| 6 | $493,470 |
| 7 | $484,631 |
| 8 | $475,200 |
| 9 | $465,137 |
| 10 | $454,400 |
| 11 | $442,944 |
| 12 | $430,721 |
| 13 | $417,679 |
| 14 | $403,764 |
| 15 | $388,917 |
| 16 | $373,076 |
| 17 | $356,173 |
| 18 | $338,139 |
| 19 | $318,897 |
| 20 | $298,366 |
| 21 | $276,460 |
| 22 | $253,087 |
| 23 | $228,149 |
| 24 | $201,541 |
| 25 | $173,150 |
| 26 | $142,859 |
| 27 | $110,538 |
| 28 | $76,053 |
| 29 | $39,259 |
| 30 | $0 |
How this calculator works
- Your borrowing power is assessed at the higher of your interest rate plus a 3% serviceability buffer (the buffer APRA expects lenders to use) or a floor rate of 5.75%.
- Living expenses are the higher of the figure you enter or an indicative minimum for your household and number of dependants.
- Credit card limits count as a monthly commitment of 3.8% of the total limit, whether or not you use the cards.
- Enter income after tax. Lenders may treat bonuses, overtime, rent and self-employed income differently.
- The result is rounded down to the nearest $1,000. Repayments are shown at your actual rate, not the assessment rate.
- Fortnightly and weekly repayments are the monthly repayment expressed per fortnight and per week.
Results are general estimates only and are not credit, tax or financial advice. They do not take your objectives, financial situation or needs into account. Check the figures with a licensed professional before making a decision.
Related calculators
- Stamp Duty CalculatorFind out how much stamp duty you'll have to pay on a home.
- Property Buying Cost CalculatorSee what buying will cost you on top of the purchase price.
- Income Annualisation CalculatorWork out your annual income from the money you've received so far this year.
Start here
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