How much can you afford to repay?

You can use the calculator below to determine what maximum amount you can spend each month repaying a home loan. The calculator checks your income and your spending. However, depending on your circumstances lenders may not let you make repayments this large. Only your chosen lender can set a definite repayment. As well as checking you can make the required repayments, you should also make sure you can:

  • Continue repayments if interest rates rise, say, 2 per cent from today's level.
  • Contribute a downpayment (money from your own pocket) worth at least 10 per cent of the property's value.
  • Afford 3rd party costs such as Govt stamp duty and conveyancing.

Please don't use commas, spaces or other non-numerical text in this calculator.

Monthly Income ( fill this in first)
Your net monthly income (gross salary and wages less tax)
Your spouse's net monthly income (gross less tax)
Net monthly income from savings account/term deposit etc
Net monthly income from investments/shares
Other monthly income
Total monthly income



Monthly Expenditure
Household Essentials
Medical
Food Doctor
Clothing Dentist
Rent Physio
Electricity Chemist
Phone Insurance Policies
Gas Home and Contents
Other household expenses Medical


Life
Debts
Personal
Credit card monthly repayments Barber, beauty salon
Hire purchase/rental repayments Other costs
Personal loan repayments Entertainment
(eg theatre, restaurants)
Other monthly debt repayments Children's school fees/childcare costs
Transport
Leisure activities
(eg sporting entry fees)
Public transport Other
Car loan or lease payments

Subscription and memberships

Petrol

Registration & repairs

Car insurance





Total income per month
Total Monthly Expenditure
Equals the maximum you can afford to repay each month


Theoretical figures only; please contact us or the respective professional for verification.