Borrowing Power Calculator
Get a very rough guide to how much you might be able to borrow, based on your income, expenses and commitments.
Lenders assess repayments at a buffered rate — typically a few percent above the actual rate — so a conservative assessment rate gives a more realistic guide.
Estimated borrowing power (rough guide only)
$179,667
Ready to take the next step?
We can connect you with a licensed specialist from our network who can discuss options relevant to your circumstances.
A rough starting point for how much you might borrow
Before house hunting, it helps to have a ballpark idea of what you might be able to borrow. This calculator takes your combined income, monthly living expenses and existing debt commitments, applies a conservative assessment rate, and estimates a borrowing amount and the monthly repayment that would go with it. It's designed to give you a feel for the numbers, not a decision.
Please treat this result as a very rough guide only. It relies on simplified assumptions about tax, buffers and expenses, and it does not reflect any particular lender's policy, your credit history, your employment type or the many other factors a lender considers. Two lenders can assess the same person very differently. Only a lender's own assessment of your verified financial situation will tell you what you can actually borrow.
Tips for improving your borrowing position
- Reduce or close unused credit cards — lenders often assess your full limit, not your balance.
- Pay down personal and car loans to free up serviceability.
- Keep clear, consistent records of your income, especially if you're self-employed.
- Trim discretionary spending in the months before you apply — lenders review recent statements.
- Remember lenders assess repayments at a buffered rate, so leave yourself headroom.
When you're ready, Asset Connect Australia can connect you with an independent mortgage professional who can explain their assessment process. Provider eligibility, pricing and any costs should be confirmed directly.
Related Reading
Guides from our blog that pair well with this calculator.
9-Point Checklist Before You Apply for a Home Loan
The documents, numbers, and habits lenders look for. Tick these off before you submit a home loan application.
How-To GuideHome Loans for Self-Employed Tradies: What Lenders Look For
Being your own boss should not make buying a home harder. Here is what lenders actually assess when a self-employed tradie applies.
How-To GuideLow-Doc Loans for ABN Holders: A Practical Guide
If your tax returns are not finalised yet, a low-doc loan may still get you across the line. Here is how they work and what to watch for.
Frequently Asked Questions
This calculator provides estimates only, based on the figures you enter, and is intended as a general guide. It does not take your personal circumstances into account and is not financial advice, credit assistance or an offer of finance. Actual repayments, rates, fees and approval outcomes are determined by lenders and licensed professionals. Asset Connect Australia is a referral platform only — we can connect you with appropriately licensed professionals who can assess your circumstances.