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Borrowing Power Calculator

Enter your income details

$
$
$

Enter your expense details

$
$
$
%

The interest rate used for serviceability assessment

years

Your Borrowing Power

$500,000
Maximum loan amount
Monthly repayment: $2,918
Total interest payable: $550,480

Loan Balance Over Time

Calculation Assumptions

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The borrowing power calculator uses the following assumptions:

  • Assessment rate: 8.75% (interest rate + 3% buffer)
  • Debt service ratio: 30% of gross income
  • Living expenses based on household composition
  • Credit card repayments calculated at 3% of total limits

This calculator provides an estimate only. Actual borrowing capacity may vary based on lender criteria.

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