How much can I borrow?

This calculator provides an estimate of your borrowing power based on your income, financial commitments and loan details entered. You may also consider looking at our loan repayment calculator to determine your repayments based on the amount you wish to borrow.

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Discuss your borrowing power with a Mortgage Choice home loan expert.


Find out how you could win~ $50,000 cash!

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Now's the time to talk to us

If you're looking for a great deal on your home loan, now's the time to talk to us.

Your local Mortgage Choice broker can find you the right loan from our wide choice of lenders, with expert advice at no cost to you.

Plus, if you settle a home loan worth at least $150,000 with us by 31 January 2016, you'll have the chance to win $50,000 cash~. That would give you a fantastic break from your repayments ... or an amazing shopping spree!

Simply contact us today for your chance to win a cool $50K.


Our latest interest rates

Below is just a selection of current home loan offers from our panel of up to 25 leading lenders, including the big four banks. Talk to us today to find the right home loan for you.

The comparison rates in this table are based on a loan amount of $150,000 and a term of 25 years. Warning: These comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and costs savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Calculating how much you can comfortably 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.

By entering the length of the mortgage, your salary (plus additional salary if you’re looking to co-purchase), your expenses and the number of any dependants you may have, the calculator will assess your borrowing power based on your earnings and other financial commitments.

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. To work out different rates of repayments, pair this calculator with our home loan repayment calculator.

To find out more and discuss exactly how much you can borrow, talk to Mortgage Choice today.


More calculators:

Loan to Value Ratio (LVR) | Compare home loans | Home loan repayment calculator

Disclaimer: The results from these calculators are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.