How much can I borrow?

This calculator estimates your borrowing power based on your income, financial commitments and loan details entered. Our loan repayment calculator can also help you to work out your repayments based on the amount you wish to borrow.

1. About meus

and I'mwe're financially supporting

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dependant(s).

I amWe are looking for a
home loan.
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* dependants.

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2. Income and Expenses

IWe earn


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Total credit limit of

+ Other repayments of

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3. Your Affordability

Your Monthly Position

  • Home Loan Repayment
  • Total Expenses
  • Remaining

You may be able to borrow between

*

Talk to a Mortgage Choice broker today to get a loan pre-approval so that you can house hunt with confidence.

Unfortunately it doesn't look like you can borrow for a home loan. Please check that you've entered your details correctly.

If you need help to get your finances on track, check out our Financial Planning advice.

Buying your first home

How much deposit do I need?

We explain the factors that influence how much deposit you’ll need to buy a property.

How much deposit do I need?

Home loan guarantors

Need a helping hand to buy your first home? A guarantor could help you to own a home sooner.

Home loan guarantors

First Home Owner Grants

Wonder whether you’re eligible? Fill in our quick form to find out.

First Home Owner Grants

First Home Buyer Guide

Purchasing your first property can be an overwhelming process and there may be steps you are unsure or have not been made aware of. This guide will walk you through all of the steps involved in the buying process from financial planning/budgeting, the loan application process through to settlement as well as tips to pay off your mortgage sooner.

Step-by-Step Buying Guides

Simply enter your details below to download any of the eBooks on this page.

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We are here to help

Download step-by-step guides

Download our free home buying guides for detailed advice, tips and information that will help you along your journey.

Download

Stay up to date with the latest rates

Subscribe to our eNewsletter to receive the latest finance and property news delivered every month.

Subscribe

Speak to a home loan specialist

Your local broker gives you expert advice at no cost to you to make sure you get the right loan.

Contact us

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Receive the latest finance and property news delivered every month.

Buying your next home

Tips for buying before selling

Upgrading can be a juggling act, but there are finance options available that could help.

Tips for buying before selling

Bridging loans

Check out our Frequently Asked Questions for the lowdown on bridging loans.

Bridging loans

How we can help

Find out how a mortgage broker can make your next move hassle-free.

How we can help

Step-by-step Guide to Property Ownership

There are many steps involved in purchasing a property which can vary between residential and investment properties. This guide explains each step in order as well as what is involved at every stage of the purchasing process.

Step-by-Step Buying Guides

Simply enter your details below to download any of the eBooks on this page.

By entering your details, you are opting in to receive future communications from Mortgage Choice, from which you can unsubscribe at any time.

We are here to help

Download step-by-step guides

Download our free home buying guides for detailed advice, tips and information that will help you along your journey.

Download

Stay up to date with the latest rates

Subscribe to our eNewsletter to receive the latest finance and property news delivered every month.

Subscribe

Speak to a home loan specialist

Your local broker gives you expert advice at no cost to you to make sure you get the right loan.

Contact us

Subscribe to our eNewsletter

Receive the latest finance and property news delivered every month.

Buying an investment property

Planning to invest

Successful property investing calls for one key ingredient – planning!

Planning to invest

Using equity to buy

If you already own a home, you might not need a deposit to buy an investment property.

Using equity to buy

Choosing the right loan

The right loan is a crucial part of maximising the return on your investment.

Choosing the right loan

Property Investor Guide

This Property Investor Guide outlines the benefits of property investment as a means to build wealth and factors one must consider when planning to purchase an investment property. We explain the costs and steps associated with the purchase, positive/negative gearing as well as pros and cons of houses vs. units.

Step-by-Step Buying Guides

Simply enter your details below to download any of the eBooks on this page.

By entering your details, you are opting in to receive future communications from Mortgage Choice, from which you can unsubscribe at any time.

We are here to help

Download step-by-step guides

Download our free home buying guides for detailed advice, tips and information that will help you along your journey.

Download

Stay up to date with the latest rates

Subscribe to our eNewsletter to receive the latest finance and property news delivered every month.

Subscribe

Speak to a home loan specialist

Your local broker gives you expert advice at no cost to you to make sure you get the right loan.

Contact us

Subscribe to our eNewsletter

Receive the latest finance and property news delivered every month.

Refinancing your home

See if you could save

Interest rates are at historic lows. It's an ideal time to shop around!

See if you could save

Calculating the benefits

You’ll need to balance the costs of refinancing with the potential benefits.

Calculating the benefits

Free home loan health check

Your Mortgage Choice broker can compare your current loan with hundreds of options.

Free home loan health check

Refinancing Guide

Thinking of switching lenders? Our guide explains the reasons, costs and steps involved in refinancing your home loan.

Step-by-Step Buying Guides

Simply enter your details below to download any of the eBooks on this page.

By entering your details, you are opting in to receive future communications from Mortgage Choice, from which you can unsubscribe at any time.

We are here to help

Download step-by-step guides

Download our free home buying guides for detailed advice, tips and information that will help you along your journey.

Download

Stay up to date with the latest rates

Subscribe to our eNewsletter to receive the latest finance and property news delivered every month.

Subscribe

Speak to a home loan specialist

Your local broker gives you expert advice at no cost to you to make sure you get the right loan.

Contact us

Subscribe to our eNewsletter

Receive the latest finance and property news delivered every month.

Refinancing your investment property

Choosing the right loan

The right loan is a crucial part of maximising the return on your investment.

Choosing the right loan

Managing your investment

DIY or appointing a property manager? We explore the pros and cons.

Managing your investment

How can a broker help?

Your Mortgage Choice broker does all the legwork to get you the right investment property loan.

How can a broker help?

Refinancing Guide

Thinking of switching lenders? Our guide explains the reasons, costs and steps involved in refinancing your home loan.

Step-by-Step Buying Guides

Simply enter your details below to download any of the eBooks on this page.

By entering your details, you are opting in to receive future communications from Mortgage Choice, from which you can unsubscribe at any time.

We are here to help

Download step-by-step guides

Download our free home buying guides for detailed advice, tips and information that will help you along your journey.

Download

Stay up to date with the latest rates

Subscribe to our eNewsletter to receive the latest finance and property news delivered every month.

Subscribe

Speak to a home loan specialist

Your local broker gives you expert advice at no cost to you to make sure you get the right loan.

Contact us

Subscribe to our eNewsletter

Receive the latest finance and property news delivered every month.

Compare home loans

Our other calculators

Stamp duty

Find out the stamp duty payable on your property purchase in your state or territory.

Calculate stamp duty

Compare interest rate

Compare loans from different lenders based on interest rates, loan terms, fees & more.

Compare interest rate

How long to repay?

Work out how long it will take you to repay your home loan.

Calculate how long to repay

LVR Calculator

Your Loan to Value Ratio (LVR) determines the amount a lender will loan to you.

Calculate LVR

Lump sum payments

How much time and interest can you save by paying a lump sum off your home loan?

Lump sum payments calculator

Split loan repayments

Calculate the potential impact of splitting your home loan into fixed and variable rate portions.

Calculate split loan repayments

Achieve savings target

See how much you need to save weekly, fortnightly or monthly to achieve your target.

Savings calculator

Remaining balance

Use this calculator to work out the remaining balance of your home loan.

Calculate remaining balance

Reverse Mortgage Calculator

Calculate your monthly repayments on a reverse mortgage.

Reverse Mortgage Calculator

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

Crunch your numbers on the go

The Mortgage Choice Home Loan Helper App is your own pocket sized loan calculator - free from the Apple and Google Play stores.
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.

Borrowing Power:
The borrowing amount is a guide only. Loan repayments are based on the lowest interest rate (either standard variable or 3-year fixed rate, owner occupier) from our lender panel over a repayment period of 30 years. Rates and repayments are indicative only and subject to change. The results from this calculator 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.

Loan Repayments:
The lowest interest rate from our lender panel is either standard variable or 3-year fixed for an owner-occupier. Rates and repayments are indicative only and subject to change. The results from this calculator 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.