The information provided by this borrowing power calculator is a guide only. It is not a confirmed indication of your borrowing capacity, a quote, pre-qualification, pre-approval or an offer for any home loan product.

Assumptions used in this calculator:

• Your income is regular PAYG base salary. Enter the combined annual amount received after tax and payroll deductions. No further income tax is deducted by this calculator.
• One income figure can represent one or more applicants. This calculator does not assess marital status, individual income splits or property ownership shares.
• Your entered monthly expenses include household spending and ongoing debt commitments, including repayments on properties you already own where those debts will remain.
• The model uses the higher of your entered expenses or an illustrative monthly allowance of $2,200 plus $600 per dependant. This allowance is a modelling assumption, not a lender’s Household Expenditure Measure (HEM). Six or more dependants are modelled as six.
• The illustrative minimum uses the entered interest rate plus 4 percentage points; the illustrative maximum uses the entered rate plus 3 percentage points. These are two rate scenarios, not verified minimum and maximum offers from lenders. Your actual result could fall outside this range.
• All repayments assume principal and interest over your selected loan term, with a constant rate and monthly payments. The displayed repayment and purchase budget use the maximum estimate. Interest-only investment loans are not modelled.
• The indicative purchase budget adds your deposit to the maximum borrowing estimate. It does not deduct stamp duty, lenders mortgage insurance, legal fees or other purchase costs, or add government grants. Lender deposit requirements and loan-to-value limits are not assessed.

These assumptions provide a starting point for your research. Actual calculations differ between lenders because they assess income, expenses, existing debts, credit history and loan features differently. This calculator does not reproduce any lender’s credit policy.

Before you apply, your actual expenditure, liabilities and other circumstances need to be assessed. Your Mortgager broker can provide a more accurate borrowing power estimate based on your circumstances and preferred lender.