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How much can I borrow? It’s one of the many questions on every home buyer’s lips… and our home loan borrowing power calculator is here to help you figure it out. Give us some basic info about what you earn, spend, and owe, and our calculator will give you an estimate of what you might be able to borrow to buy a home.

How to use our home loan borrowing power calculator

Provide us with a few simple details about your income and expenses - such as your salary, monthly living costs, and tell us about any existing loans or credit cards - and our calculator will estimate how much you could be able to borrow to buy a home. And to make things even easier, it will also calculate what your home loan repayments could be based on your estimated borrowing power and our current interest rates.

If you'd like to see what your repayments would be for a specific P&N Bank home loan, simply choose it from the drop-down list. Change up the loan term, loan amount, and repayment frequency to suit your needs, and the home loan borrowing power calculator will give you a clearer picture of what your estimated mortgage repayments could be. With these estimates up your sleeve, you’ll have a better understanding of what home loan amount you can afford.

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There are so many different things to consider when it comes to buying a home, so our calculators are here to help make the dollars make sense.

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This handy calculator compares two different home loans side-by-side to see how they stack up against one another.

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With just a few details about the property you’re looking to buy, you can find out how much you’ll need to cover the stamp duty cost.

We're here to help

If you want to talk home loans, we've got you. Or if you want to check out our products or find out more about that property you're looking at, we can help with that too.

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Drop us your details and a home loan specialist will get back to you.

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Owner-occupier or investor, variable or fixed rates – we’ve got home loan options for you.

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Your borrowing power questions answered

Borrowing power is simply an estimate of how much money you might be able to borrow when you apply for your loan. The higher your borrowing power, the higher the loan amount or credit limit you're likely to be eligible for. This helps you know what you can afford when you're looking at properties.

To calculate your borrowing power, we consider your personal financial situation, including your income, outgoings, and expenses, and assess your capability to make your potential repayments. 

Our home loan repayment calculator can help you get an idea of whether or not you can afford a home loan.

Simply provide a few key details, such as the loan amount you're considering and value of the property, and the calculator will do the work for you.  You'll have an estimate of what your repayments will be in no time.

If you want to know how much you might be able to borrow, use our home loan borrowing power calculator instead.

Borrowing power calculator

Any positive financial changes you make can help improve your borrowing power. Changes such as cutting down on your spending, paying off existing loans or credit cards, or increasing your income can all have a positive affect.

Our financial budgeting app mymo is a great place to start tracking and managing your spending. 

Find out more about mymo budgeting app

There are many things to consider when working out how much you can borrow including your income, regular expenses and any existing loans you need to make repayments on.

That’s where our home loan borrowing calculator comes in. Use the calculator to work out how much you can borrow, and what your repayments could be.

Important information

Banking and Credit products issued by Police & Nurses Limited (P&N Bank).

Any information on this website is general and does not consider your personal needs, objectives or financial situation. Our rates are current as of today and can change at any time. Credit eligibility criteria, terms & conditions, fees & charges apply.

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. Results will vary depending on the applicant’s residential location. 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.

Calculator by Widget Works

Please consider the terms and conditions and whether a product is right for you. 

*Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. For variable Interest Only loans, comparison rates are based on an initial 3 year Interest Only period. For fixed Interest Only loans, comparison rates are based on an initial Interest Only period equal in length to the fixed period. During an Interest Only period, your Interest Only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.

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 cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.