Borrowing power calculator

How much can I (or we) borrow?

Wondering how much you’d be able to borrow? Use the calculator below to get a rough idea. Remember this is an estimate only. With more info about your income or expenses, this could be significantly more or less.
Borrowing Power Calculator

Loan details

The loan is for
The property is
$
Enter the before tax total
$
Enter the before tax total
$
Enter the before tax total
children
$
$
$
2.74%
0%15%
30years
0years30years

SOME ASSUMPTIONS:

  • Monthly repayment on credit card limit is 3%.
  • APRA buffer that banks use to assess the serviceability of home loans is 3%.
  • The estimated remaining income is based on your income with no tax minimisation; no consideration has been made for other debts/repayments not captured in this form. Your financial situation may vary significantly.
  • New monthly expenses only cover existing living expenses, existing loan/estimated credit card repayments and estimated new loan monthly payments.
  • New loan repayments are P&I based on the rate and timeframe you have selected.

Financial analysis

$

$
This is 20%. Avoids LMI.

$

$

$

$

So, you know what you can borrow. Now it's time to find a suitable loan.

We can search through over 2,500 different home loan options and help find the right loan for your individual needs. Plus, our experts will negotiate on your behalf to get you the best deal possible.

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**Cash back offers vary between lenders and may not always be available. The loans associated with the offer may also not be suitable for your situation. The advertised offer ends in December 2023 and will reduce to up to $2,000.

Refinance Solutions acts on behalf of Cape Finance. Credit Representative Number 478145 is authorised under Australian Credit Licence Number 38932.

This website provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply.

ACKNOWLEDGEMENT OF COUNTRY

In the spirit of reconciliation, we acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.