Borrowing Power Calculator

Applicant details

Number of adults ?
Number of children ?
My/our housing situation will be ?

Income details

Please enter your pre-tax income in each box. Our calculator will work out your tax automatically.
  • Base income p.a.
  • Tax free income p.a.?
  • Rental income per week?
  • ApplicantApp 1
  • $
  • $
  • $

Commitment details

New mortgages

  • Loan amount
  • Term ?
  • Interest only period ?
  • Investment loan ?
  • $

Commitment details

Current mortgages

  • Loan amount
  • Rate ?
  • Term ?
  • Interest Only Period ?
  • Investment Loan?
  • Refinance ?
  • $

Commitment details

Current commitments

Total credit card limits ?
Other commitments per month
HECs/HELP (student loan) repayments per month ?
We have assumed that you have normal living expenses and will be using the lenders’ default minimum living expenses in our calculation.

Contact a mortgage broker

Please email me a copy of the results: Yes No
Talk to one of our mortgage brokers about your situation: Yes No   


This calculator is designed to help you work out how much different banks will allow you to borrow when applying for a home loan.

Although it uses the exact same method as those lenders, you should always consider your own personal circumstances when deciding how much you should borrow.

How can I increase my borrowing power?

If you can’t borrow as much as you would like then you should consider changing your circumstances so you can qualify for a larger loan.

  • Cancel your credit cards.
  • Switch your current loans to interest only (acceptable to some lenders).
  • Fix the rate on your current loans (acceptable to some lenders).
  • Choose a lender that can include overtime, bonus and other income.
  • Choose a lender that allows you to borrow more.

Assessing your borrowing power is closely linked to the living expenses you declare in the lender’s fact find.

More than ever, the focus has been on how banks compare your living expenses to the Household Expenditure Method (HEM) benchmark.

Speak to our mortgage brokers by calling 1300 889 743 or fill in our free assessment form to find out which banks can lend you the most.

Should I borrow to my limit?

In most cases, it doesn’t make sense to borrow to your limit. If life throws you a curve ball then you’ll be unable to recover.

Having a healthy cashflow as well as some funds on standby will help you to ride out many of the small problems in life.

You should look ahead and consider if you will have children or if your housing needs or income will change. Borrow a suitable amount for your future income and expenses.

It’s ok to borrow closer to your limit if you are at the beginning of your career, have a regularly increasing income and are not planning to have children right away. This can allow you to buy the home that will suit you for many years to come without requiring you to sell and buy a new property in a few years time.

How can we help?

Our mortgage brokers are accredited with all major lenders such as ANZ, Bankwest, Commonwealth Bank (CBA), National Australia Bank, St George, Westpac (WBC) and many more. We also have access to their serviceability calculators which means we can calculate your borrowing power before submitting a home loan application.

Call us on 1300 889 743 or fill in our free assessment form and we’ll work with you to get you the amount that you need.

Why use us?

We aim to set an example by delivering what we promise: a higher level of service, better advice and better home loans.


Australia-wide services

We finance properties anywhere in Australia for people anywhere in the world.


Get incredible interest rates

Our relationships with our panel of lenders allow us to negotiate your interest rate.


We get tough loans approved

We can help you navigate the often complex pre-approval and application process.


Our customers love us

We receive hundreds of love letters from our customers.

Discover more reasons to use Home Loan Experts

How we find you the right solution

We get a complete understanding of where you’re at and what your ultimate goals are.
You’ll get a recommendation in just a few simple steps.

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Complete our free assessment form or call us.

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We assess your situation.

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We look at all the options from our panel of lenders.

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We will find you the most suitable home loan deals.

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lenders on
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lent Australia-wide
and counting

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of our borrowers get
approved with a major bank


of our borrowers get a discount
below the bank standard variable rate