Mortgage Repayment (AUD)

Loan amount ($)

Interest rate (% p.a.)

Term (years)

Frequency

Extra per period ($)

Illustrative only. Per-period compounding based on selected frequency. Not financial advice.

Interest-Only Mortgage (AUD)

Loan amount ($)

Interest rate (% p.a.)

IO term (years)

Frequency

Illustrative only. Assumes simple interest-only payments with no principal reduction during the IO term. Not financial advice.

How Much Can I Borrow? (AUD)

Scenario

Borrowers

Gross salary (annual)

Monthly living expenses ($)

Existing monthly debts ($)

Actual interest rate (% p.a.)

Loan term (years)

Your expenses and debts exceed the estimated take-home income. Adjust values to see a result.

Assumes Australian 2024–25 resident tax scales plus a simplified 2% Medicare levy. Servicing uses assessment rate = actual rate + 3.00% (APRA buffer). Investment mode estimates negative gearing by applying rent, cash expenses, and non-cash deductions; interest for tax is approximated as interest-only at the entered rate on the capacity loan. Results are indicative; lender policy/HEM may differ. Not financial advice.

Results are illustrative only and do not constitute financial advice. Calculations use simplified assumptions (Australian tax scales, Medicare levy, and a 3% APRA servicing buffer) and may differ from lender assessments. Borrowing capacity depends on HEM, credit history, policy, and fees. Interest rates change without notice. Seek independent advice before acting. Personal circumstances and eligibility vary and are not guaranteed.

Take a minute or two to explore these calculators to assit with understanding your opportunities.