BSB 806 015

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BSB 806 015

Home Loan Borrowing Power Calculator

Buying a home is a giant, life-changing step. For most people, it’s a milestone achievement, though it can come with some pretty serious concerns about financial readiness and what buying a home may mean for your lifestyle. This home loan borrowing calculator helps you work through the numbers and step forward into buying a home with confidence that you are making a commitment you can live comfortably with. 

Things to know

Factoring your current income, expenses, and debt, the calculator shows your current borrowing power and gives you a reasonable estimate of the payments, interest costs, and time to payoff for the home purchase you are considering.

Maybe you’ve been asking yourself, “How can I improve my borrowing power?” The home loan borrowing calculator shows you the results of hypothetical changes like paying down your car loan or a personal loan, reducing the number of credit cards you hold (reducing the potential debt represented by the credit limits of those cards), making adjustments to living expenses, or increasing your income. Borrowing power is about more than simply asking how much you are allowed to borrow; it’s about how much you can borrow and still manage a comfortable life.


The results from this calculator should be used as an indication only. Figures provided are for illustrative purposes only and are based on the information provided. The calculations do not take into account any product features or fees and charges that may be charged to your loan or fees such as Lenders Mortgage Insurance, which if applicable will add to the cost of your loan and repayments. Results do not represent a quote or pre qualification for a loan. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change. Lending criteria applies to the approval of credit products. Terms and conditions apply and are available on request. Fees and charges are payable.

The comparison rate is calculated on the statutory assumption of a $150,000 loan over 25 years. Please note different rates apply for different loan amounts and may depend on the duration of a fixed rate period or the ratio of the loan amount to the property value (LVR). The comparison rate is based on the product of your choice and the current applicable annual percentage rate. If you amend the rate, the comparison rate no longer applies. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Calculator by Widget Works

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