The Perfect Loan.
Simplified.

Every detail matters. Refine your purchase costs, salary structures, and living expenses for a bank-ready borrowing estimate.

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Monthly Expenses

HouseholdGROCERIES & ESSENTIALS
$/mo
TransportFUEL, REGO & INSURANCE
$/mo
UtilitiesPOWER, WATER, INTERNET
$/mo
LifestyleENTERTAINMENT & DINING
$/mo

Estimated Borrowing Capacity

$1,091,000

Adjusted for Costs

Regular Repayments

$6,367*/ month

Affordability Index

Healthy Surplus

Monthly Surplus

$205

After all tax, expenses and loan repayments, you maintain a $205 financial safety net.

Breakdown

Property Price$1,328,000
Deposit$300,000
Loan Amount$1,091,000
Total Interest Paid$1,201,041
Total Cost of Loan$2,292,041
Principal PaidInterest
Getting Started

How to Find Out
How Much Can I Borrow

Not sure where to start? Here's a quick guide to each input — set your values with confidence and get an accurate borrowing estimate.

Target Property Price

Enter the price of the home you're looking at, or the median price in your target area. Browse current listings on local property portals to get a realistic figure.

Tap the refine icon to add stamp duty, legal fees, agent costs, and other purchase expenses for a complete picture.

Available Deposit

Include all savings earmarked for the purchase — cash, term deposits, shares you'll sell, and any gifted fundsfrom family. Don't include your emergency fund.

Most lenders require at least 5% of the property price. Aim for 20% to avoid paying Lenders Mortgage Insurance (LMI), which can add $10,000+.

Annual Salary

Enter your gross annual income before tax. Find this on your latest payslip or your most recent tax return.

Tap refine to specify if super is included in your package, add a partner's income, or account for salary sacrifice deductions.

Interest Rate

Enter the annual rate you've been quoted, or use a market average. As of 2025, variable rates sit around 5.5%–6.5% and fixed rates may differ depending on the term.

Try adjusting by 1–2% in each direction to stress-test your budget. This shows how rate changes would affect your repayments and borrowing capacity.

Loan Term

25–30 years is the standardin most countries. A shorter term means higher repayments but you'll pay significantly less interest over the life of the loan.

Tap refine to switch between Principal & Interest and Interest Only repayment types — useful for investors.

Monthly Expenses

Enter your actual monthly spending — groceries, transport, utilities, and lifestyle. Be realistic. Lenders use the HEM benchmark, but your real expenses give a more accurate surplus figure.

Tap "Refine / Add" to add categories like childcare, subscriptions, student loan repayments, or existing personal loan payments.

Understanding Your Results

Affordability Index

Monthly Surplus Indicator

The Affordability Index shows how much money you have left each month after paying your estimated loan repayment and all living expenses from your net (after-tax) income.

A Healthy Surplus means you have a comfortable financial buffer — money for savings, unexpected costs, or lifestyle. A Tight Margin means your repayments and expenses leave very little room, which could cause stress if rates rise or income drops.

Healthy Surplus: Your monthly leftover is positive and comfortable — you can absorb rate rises and build savings.

Tight Margin: Your surplus is slim or negative — consider a lower property price, larger deposit, or reducing expenses.

Progress Bar: The blue bar shows your surplus relative to your net income — the wider, the healthier your position.

Breakdown

Loan Cost Analysis

The Breakdown panel shows the full financial picture of your loan— what you're borrowing, what it costs, and how the money splits between principal and interest over time.

01

Property Price — The target purchase price you entered above.

02

Deposit — Your available funds minus any purchase costs (stamp duty, legal fees) if you've refined them.

03

Loan Amount — Property price minus your effective deposit. This is what the bank lends you.

04

Total Interest — The total interest you'll pay over the full loan term. This is the real cost of borrowing.

05

Total Cost — Loan amount + total interest. The full amount you'll pay back to the lender over the life of the loan.

Principal
Interest

The bar at the bottom shows the principal vs interest split. A longer term or higher rate means more goes to interest. Shorter terms or extra repayments shift the balance towards principal — saving you money.

Guides & Tips

How Much Can I Borrow?

Understanding how much you can borrow is just the beginning. Use these guides to make smarter decisions about your home loan journey.

First Home Buyer's Guide

New to property? Learn how much can I borrow as a first home buyer, what grants you qualify for, and how to navigate the process from deposit to keys.

Read Guide

How Much Deposit Do You Need?

The 20% deposit myth busted. Discover minimum deposit options, LMI costs, and strategies to get on the property ladder sooner.

Read Guide

Boost Your Borrowing Power

Wondering how much can I borrow with my salary? These 10 proven strategies can increase your borrowing capacity by thousands.

Read Guide

Hidden Costs of Buying

Beyond the purchase price — stamp duty, legal fees, inspections, and ongoing costs that catch buyers off guard. Budget with confidence.

Read Guide

Get Pre-Approved First

Know exactly how much can I borrow before you start house hunting. Our step-by-step guide to getting conditional approval fast.

Read Guide

View All 20 Guides

From fixed vs variable rates to refinancing tips — explore our complete library of home loan guides and tips.

Browse All Guides

LEGAL DISCLAIMER:The information provided by this calculator is for illustrative purposes only and does not constitute financial advice. Borrowing capacity and repayments are estimates based on your inputs and current market data. Every lender has their own policies and assessment criteria. Using this tool is at your own risk. We strongly recommend seeking professional advice from a qualified mortgage broker or financial advisor before making any property purchase or loan decisions.