Borrowing Power Calculator

Enter your income and expenses to estimate how much you may be able to borrow for a home loan.

About me

This loan is for

Number of dependants

Total number of dependants

I'm looking for

My income (Per Anum)

I earn (before tax)

(Annual income before tax)

+ I receive rental income (Income you receive from an investment property)

Current rental income

(Income you receive from an investment property) Taxable amount: $0

+ I earn other income (E.g. regular bonus, overtime, dividends)

My other income

(E.g. regular bonus, overtime, dividends) Taxable amount: $0

Expenses (Per Month)

Bills & living expenses

(E.g. food, electricity, transport, education, entertainment)

+ I'll be paying rent after I buy a property (If you'll pay rent once you buy a property)

Rent I'll be paying

(If you'll pay rent once you buy a property)

Current Home Loan Balance (Outstanding balance on existing home loan)

Remaining Term (Years)

Current Interest Rate (%)

Current Loan Repayment (Monthly) (For reference only — not used in serviceability)

Eligible for Negative Gearing (Investment properties only)

Other loan repayments

(Total repayments e.g. personal, student, car loan)

Total credit card limit (Combined limits including store cards)

Calculation breakdown

Run Calculate to refresh these figures.

Income (annual)

Salary Applicant 1—

Rental income (entered)—

Rental included for tax (90%)—

Other income (entered)—

Other included for tax (80%)—

Taxable income (annual)—

Applicant 1 Detail

Applicant 2 Detail

Negative Gearing

Annual Interest (1st year)—

Negative Gearing Deduction—

Tax & levies (annual)

Income tax—

Medicare levy—

MLS—

Less: Low Income Tax Offset—

Net income after tax (annual)—

Net income after tax (monthly)—

Monthly commitments

Living expenses (greater of HEM or declared)—

Rent (after purchase)—

Current Loan Balance—

Current Loan Rate—

Buffered Rate (Rate + 3%)—

Stressed Repayment (used for serviceability)—

Actual Repayment (display only)—

Negative Gearing Eligible—

Other loan repayments—

Credit cards (3% of total limit)—

Total commitments (monthly)—

Surplus for new loan (monthly)—

Loan assumptions

Assessment interest rate (p.a.)—

Loan term—

Dependants (HEM row)—

Max borrowing (before $100 rounding)—

Max borrowing (rounded to $100)—

You may be able to borrow up to

$0 Edit

$0$0

Principal and interest repayments

$0 Per month Loan over

Notes

What This Calculator Does

This calculator estimates your borrowing capacity based on a custom model that varies by lender. It provides an indication of what you might be eligible to borrow, considering your income and existing financial obligations.

Important to Know

Your actual borrowing amount will only be confirmed when you formally apply for a loan and receive conditional approval from a lender. Different lenders use different criteria, so your approved amount may vary.

Contact us

First Name

Last Name

Phone

Client Results

Real outcomes, measurable impact

Clients Served

1500+

Years of experience

15+

Approval Rate

99%

"I couldn’t be happier with the service I received. The team guided me through every step, answered all my questions, and made mortgage process stress-free."

Blanche Field

Lovely Customer

"I couldn’t be happier with the service I received. The team guided me through every step, answered all my questions, and made mortgage process stress-free."

Stella Davis

Lovely Customer

"I couldn’t be happier with the service I received. The team guided me through every step, answered all my questions, and made mortgage process stress-free."

Dana Lake

Lovely Customer

“Professional, responsive, and truly client-focused. Mortgage Counsel helped us refinance our home smoothly and saved us money in the long run. An excellent experience overall.”

Emma Thompson

Property Investor

“As a first-time buyer, I had many questions, but Mortgage Counsel guided me with honesty and expertise. Their personalized approach really set them apart from others.”

David Miller

First-Time Home Buyer

Mortgage Counsel made the entire home loan process simple and stress-free. Their team explained every step clearly and helped us secure the best possible rate. Highly recommended for anyone planning to buy a home.