Estimate how much a bank will lend you. Uses APRA's 3% serviceability buffer and HEM living expense benchmarks.
Estimate how much a lender will approve based on your income, expenses and existing debts. Uses APRA serviceability buffer rules.
Income
Existing Commitments
Loan Details
Estimated Borrowing Capacity
$380k
Max purchase price: $530k
Monthly Repayment
$2,402
at 6.5% actual rate
LVR
71.7%
No LMI required
How it's calculated
Tips to increase borrowing capacity
• Reducing credit card limit by $5k can add ~$15k borrowing
• A larger deposit reduces LVR and LMI, lowering your total cost
Estimate only. Actual approval depends on lender policies, credit history, employment type and asset position. HEM figures are indicative. Always consult a licensed mortgage broker.