A quick, deliberately conservative estimate of how much you might be able to borrow. It uses simplified assumptions — every lender assesses income, debts and living expenses differently.
Living expenses are auto-estimated from household size using an indicative HEM-style figure. Lenders use their own Household Expenditure Measure, which is usually higher than a person's stated spending.
| Net income (after tax, est.) | — |
| Est. living expenses / month | — |
| Existing debt repayments / month | — |
| Surplus available / month | — |
| Assessment (stress) rate used | — |
This is a generic estimate. Because every lender counts your income, debts and expenses differently, a full assessment often uncovers borrowing capacity a generic calculator misses. Get your figures checked line-by-line across 11 banks — within 48 hours.
Book a free 30-min chat → Download the free First Home Buyer guide (PDF) See which suburbs fit this budget → No obligation. General information only — not a credit offer or pre-approval.We estimate net income by applying indicative Australian resident tax rates (2024–25) plus the Medicare levy, split across the number of earners you enter. We subtract an indicative HEM-style living-expense figure (scaled by household size) and your existing monthly debt repayments to find a monthly surplus. That surplus is then converted into a maximum loan at an assessment rate = your interest rate + a serviceability buffer (default 3%) over your chosen term. The lower end of the range applies extra conservatism to living expenses. These are simplified assumptions and ignore things like HECS/HELP, rental income, negative gearing, offsets and lender-specific policy — which is exactly what a full assessment accounts for.
This calculator provides general information only and is not personal credit advice. It does not take into account your objectives, financial situation or needs. The amounts shown are indicative estimates based on simplified assumptions and do not represent a loan offer, pre-approval, or any lender's actual assessment. Actual borrowing capacity varies between lenders and is subject to a full assessment and each lender's credit criteria. You should consider whether the information is appropriate for you and seek independent financial or legal advice before making a decision.
Credit assistance is provided by Steven Shangguan (Credit Representative Number 560624), an authorised credit representative of Finsure Finance & Insurance Pty Ltd (Australian Credit Licence 384704).