I Can Borrow?

By entering a few details, this calculator provides an estimate of your borrowing capacity, monthly repayments, term of the loan and total payments including principal and interest.

How Much Can I Borrow?

Please apply online or contact us to further discuss your loan requirements.

Please Note:


Borrowing Power
The information provided by this calculator should be treated as a guide only, and not be relied on as true indication of your home loan repayments, or a quote or indication of pre-qualification for any home loan product. The Borrowing Power Calculator calculates the potential amount you may be able to borrow for a home loan, with respect to a number of factors about the borrower's personal financial situation.

Key calculator assumptions



Living Expenses
Living expenses are an estimate based on a national average of the Household Expenditure Measure (HEM). This estimate takes into account factors such as the application type (single or joint) and the number of dependents that the applicant(s) support. This amount is used as guidance only in helping you assess your potential borrowing capacity. Your actual expenses may differ from this approximation. Vehicle expenses are based on the average monthly running costs of a medium sized motor vehicle based on RACV 2015 Motoring Cost Report.
Net Income after Tax
The calculator applies the basic applicable tax rate to 'Before tax' income entered for the current financial year. This does not take into account additional commitments you may have such as HECS-HELP or other applicable levies, for example.
Length of Month
It is assumed that each month is of equal length.
Rounding
Calculated dollar amounts are rounded to the nearest whole dollar.
Monthly Repayment
The monthly repayment is based on an interest rate (repayment rate), which is the average of Australia’s four major bank’s standard (owner occupied) variable interest rate calculated over a loan term of 30 years.
Assessment Rate
The assessment rate used to calculate maximum borrowing power is based on the current repayment rate plus a margin of 2.25%
General
In practice, actual home loan calculations may differ based on how a lender interprets these factors in regards to any given loan. These assumptions allow us to help you determine estimated borrowing power amounts that will help with your research. Before applying for a loan, your actual monthly expenditure and other factors will have to be taken into account in calculating your actual borrowing capacity. The information provided by this borrowing power calculator should be treated as a guide only, and not be relied on as true indication of your home loan repayments, or a quote or indication of pre-qualification for any home loan product. Applications for finance are subject credit approval. Full terms and conditions will be included in any loan offer.

Fees and charges are payable.

Brad Parkes, Credit Representative Number 391208
Gary Anthony, Credit Representative Number 391240
Peter Wotherspoon, Credit Representative Number 391201
David Newham, Credit Representative Number 391235
Vince Santoro, Credit Representative Number 391217

Auspak Financial Services Pty Limited ABN 78 082 232 040, Australian Credit License 391977
National Mortgage Brokers Pty Ltd., ABN 88 093 874 376 Australian Credit License 391209