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.

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Did you know that different lenders will lend you different amounts?

Talk to us today to compare exactly what you could borrow from our wide choice of lenders. Simply fill in this form to get a call back from your local Mortgage Choice expert.

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Our latest interest rates

Lender Product Annual Interest
Rate % p.a.
Rate % p.a.
Lender N Homeloans Ultra Plus 3.79% 4.04%
Lender P Fixed Rate Loan (O/Occ) 3.79% 4.37%
Lender AB NAB National Fixed Choice Package - Principal and Interest 3.89% 4.84%
Lender A SmartFix 3.99% 4.50%
Lender K Fixed Rate home loan - (Owner Occupier) 3.99% 4.56%
Lender Product Annual Interest
Rate % p.a.
Rate % p.a.
Lender P Orange Advantage ($500k+ where LVR <=80% O/Occ) 3.74% 3.96%
Lender M Discount Variable Special Offer Rate 3.79% 3.84%
Lender M Home Advantage Variable $150,000 to $249,999 3.88% 4.25%
Lender K Fresh Start Basic Home Loan (Owner Occupier) 3.89% 3.94%
Lender A SmartSaver 3.94% 3.98%
Credit criteria, conditions, fees and charges apply. Subject to suitability. The comparison rates in this table are based on a loan amount of $150,000 and a term of 25 years. Warning: This Comparison Rate applies 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.

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.