How Much Can I Borrow?
Home Loan Borrowing Calculator
How much could you potentially borrow for your mortgage? Our home loan borrowing power calculator will show you what a financial institution may lend you, based on your income and expenses.
Please note that the values provided can only be taken as an estimate of the amount to be borrowed and does not take into account specific factors used by individual lenders in determining their own criteria.
5-Star Rated Home Loans on Canstar’s database
If you’re in the market for a new home loan, the comparison table below features a snapshot of some of the outstanding value variable rate home loans on our database with links to lenders’ websites, sorted by comparison rate (lowest-highest) and then alphabetically by provider name. Products shown are principal and interest home loans available for a loan amount of $500K in NSW with an LVR of 80% of the property value. Choose between the First Home, Next Home, Investing and Refinance tabs to view results most relevant to you. Before committing to a particular home loan product, check upfront with your lender and read the applicable loan documentation to confirm whether the terms of the loan meet your needs and repayment capacity. *Comparison rate based on loan amount of $150,000 and a term of 25 years. Read the Comparison Rate Warning. Use Canstar’s home loan selector to view a wider range of home loan products.
Borrowing Power Calculator: How much can I borrow in a home loan?
The Canstar Borrowing Power Calculator calculates a hypothetical maximum loan amount that a borrower could apply for, based on the income and expenses entered into the calculator. This is called your borrowing power.
Financial institutions in Australia are legally required to ensure that you have enough dispensable income available to make certain monthly repayments before they can offer you a home loan. How much you can borrow for a home loan depends on various factors such as your income, regular expenses, and number of dependents (children) you have to support.
More home loan calculators to help you work out your financial position
You may want to use Canstar’s home loan calculators when you’re doing your sums about how much you can afford to borrow in a home loan:
- Home Loan Extra Repayments Calculator
- Home Loan Lump Sum Repayment Calculator
- Home Loan Honeymoon Rate Repayment Calculator
- Home Loan Stamp Duty Calculator
- Home Loan Split Calculator (variable/fixed interest split loan interest rate)
- Home Loan Comparison Calculator