Borrowing power calculator
Wondering "how much can I borrow?" Get an estimate before you apply for a home loan.
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If you're keen to know "how much money can I borrow?" before you do all the legwork and apply with a lender, Finder's borrowing power calculator can help. It gives you a quick estimate of how much you may be eligible to borrow for your home loan. Just enter a few details about your income, debts and expenses, plus information about the home loan you're looking at, and we'll give you an estimate.
You may not have a specific home loan in mind yet, so you can enter a hypothetical interest rate and loan amount based on your own borrowing situation. If you need a clearer idea of current home loan interest rates, check out the rates in the table below the calculator as a guide.
To use this calculator you can input a loan term (30 years is the most common choice), your income and select single or joint application depending on whether you are applying as a couple or not. You can input your spending in the expenses fields (just use the other loans field).
Please note that this calculator provides very rough estimates and Finder is not a mortgage lender. It's a good idea to use multiple borrowing power calculators to get a better understanding of what you might be able to borrow. And if you need more help you can also talk to a professional mortgage broker.