Borrowing power calculator
What a lender is likely to let you borrow, once tax, living costs and existing debts are taken off.
Who's buying
Children or others who rely on your income.
Income
Before tax, excluding super.
Overtime, bonuses or rent. Lenders count only part of this.
What you spend
Groceries, transport, bills, insurance, entertainment — everything except rent and debt repayments.
Existing debts
The limits, not the balances. Lenders assess these as if fully drawn.
The loan
You'll be assessed at this plus the 3% buffer.
You could borrow around
$390,000
Estimate only
Somewhere between $350,000 and $390,000 depending on the lender. Assessed at 9.10%.
How we got there
Take-home income
After tax, Medicare and any HECS repayment
$5,584 / month
Living expenses
As you entered
− $2,400
Existing commitments
Cards, car and personal loans, BNPL
− $0
Left over each month
$3,184
Repayment at your actual rate
6.10% over 30 years
$2,363 / month
Repayment at the assessed rate
9.10% — what the lender tests
$3,166 / month
Debt-to-income ratio
Lenders look harder above 6
4.6
What this calculation assumes
- Tested at 9.10% — your 6.1% rate plus the 3% buffer lenders are required to add.
- Principal and interest over 30 years.
- Living expenses of 2400 a month.
- Credit card limits assessed at 3.8% of the limit per month.
- No HECS/HELP debt included.
- Tax estimated on current resident rates plus the Medicare levy. No offsets, salary sacrifice or private health rebate.
Want to understand the number?
How lenders decide what you can borrow, and the specific things quietly reducing your number right now.
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