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
×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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