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How Much Can I Borrow? Calculator

The How Much Can I Borrow? mortgage calculator gives an indication of how much you can afford to borrow based on your income and expenditure.

Are you borrowing with someone else or on your own

Annual income

	How much is your annual salary before tax?	How much rental income do you receive from properties?	Do you have any other regular income?
Applicant 1	$	$	$
Applicant 2	$	$	$

Monthly expenses

General living expenses:	$
	Ongoing repayments:	$
	Other commitments:	$

Loan & additional details

How much do you want to borrow?	$
	Interest rate:		%
		Loan period:		years
		Number of dependents:
		Combined limit of credit cards, store cards and overdrafts:	$

About the How Much Can I Borrow? Calculator

This financial tool is intended to help guide your mortgage decisions by providing a snapshot of your borrowing power based on a number of factors, including your income, expenditures, and the entered interest rate.

Please do not consider the results of this mortgage calculator as being any form of quote, loan offer, or as investment advice. Your Mortgage recommends that you speak with a financial planner before making the decision to apply for a home loan. Please remember that there are many different factors within lending criteria that are taken into consideration during the home loan application process that may alter your borrowing power.

The How Much Can I Borrow? calculator at Your Mortgage makes a number of assumptions for improved borrowing power accuracy. It is important to note that a lender may only be able to provide a home loan for 80% of a property's purchase price without the addition of Lenders Mortgage Insurance. If a borrower(s) elects to add Lenders Mortgage Insurance, the borrower(s) may be able to qualify for an estimated increase in loan amount of 10-12%. In the event that a lender requires a borrower(s) to take out Lenders Mortgage Insurance, a borrower(s) may be also be liable for bank and government fees.