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Just Right Lending

Borrowing calculator

Get a rough idea, then let's talk

This gives you a ballpark figure based on the numbers you enter. It isn't a loan pre-approval and it isn't personal advice. Every lender assesses income, expenses and debts a little differently, which is exactly why the real number comes from a proper conversation, not a calculator.

Take-home pay, after tax, combined if there's more than one applicant.

Groceries, bills, insurance, transport, everything ongoing.

Car loans, personal loans, credit card minimums, HECS/HELP.

Most home loans run 25–30 years.

Lenders test your ability to repay at a higher "assessment rate" than the rate you'd actually pay, usually a few percentage points above current rates. 8.5% is a reasonable illustrative default, but adjust it if you'd like to test a different scenario.

Indicative borrowing power

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This is a rough estimate, not a number to rely on.

Lenders look at more than these five numbers. Things that can move your real borrowing power up or down:

  • Living expenses: lenders compare what you enter with their own minimum benchmarks, and use whichever is higher.
  • Types of income: overtime, bonuses, commission, rental and self-employed income are often only partly counted.
  • Credit cards: lenders count a repayment on the full card limit, even if you pay it off every month.
  • Your deposit: how much you've saved affects which loans are available, and whether lenders mortgage insurance applies.
  • Credit history: your repayment record and any defaults.
  • The lender: each one has its own policy, and they can differ by tens of thousands of dollars.

Working through these is exactly what I do before you apply. Nothing you enter here is saved or sent anywhere; it's calculated in your browser only.

Talk through the real numbers