How much can I borrow?

A quick, indicative estimate of how much you might be able to borrow.

You could borrow around

$592,535

Indicative monthly repayment

$3,553

Indicative only. This uses a simplified tax estimate, a single combined income, and a 3% serviceability buffer — real borrowing capacity varies significantly by lender and your full circumstances. Not a loan offer or financial advice.

About this calculator

Your borrowing power is the amount a lender is likely to let you borrow, based on your income, your living expenses and any existing debts. Lenders also build in a safety margin — they assess your repayments at a higher 'buffer' rate to make sure you could still cope if rates rise.

This calculator gives you a ballpark figure to plan around. Every lender assesses borrowing capacity differently, so the real number can vary by tens of thousands of dollars between lenders — which is exactly where a broker helps.

Explore Home loans →

How it's calculated

  • We estimate your after-tax income from the gross figure you enter.
  • We subtract your living expenses and existing loan or card repayments to find your monthly surplus.
  • We assess that surplus at your rate plus a 3% buffer (as most lenders do) to work out the maximum loan it could support over your chosen term.

Frequently asked questions

Other calculators

Home loan repaymentsWork out your repayments — weekly, fortnightly or monthly — and see the total interest over the life of the loan.Extra repaymentsSee how much interest you could save — and how many years you could cut off your loan — by paying a little extra each repayment.Property fees & stamp dutyEstimate the upfront costs of buying — including Victorian stamp duty, government fees and any first-home concessions.LMI estimatorEstimate Lenders Mortgage Insurance if your deposit is under 20% — and see how much deposit you'd need to avoid it.Refinance savingsCompare your current loan to a new rate — see your monthly saving and how long it takes to break even on switching costs.Offset vs extra repaymentsCompare two ways to use spare cash on your loan — an offset account or extra repayments — and see the interest and time each could save.Deposit & savings goalWork out the deposit and upfront cash you need to buy — including stamp duty — and how long it'll take you to save it.Rent vs buyWeigh up renting against buying over your time horizon — factoring in capital growth, stamp duty and investing your deposit.

Want exact figures for your situation?

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