Home Loan Affordability Payment Calculator
How is my home loan affordability calculated?
Calculators
Affordability
Find out how much you can afford to spend on a new home, based on your income and deposit.
How is my affordability calculated?
The amount you can spend on a home is calculated by adding together the maximum loan amount you could qualify for and the cash you have available for a deposit. Your affordability, or the maximum loan amount you could qualify for, is determined by using a maximum percentage of provable household income. This is generally a maximum of 30%. A deposit will reduce the amount you need to borrow. A deposit also helps by reducing your monthly bond repayment as well as lowering the total interest payable over the term of the loan.