Skip to Content Skip to Navigation
Talk to us 1300 883 292

Calculate your borrowing power

Wondering what your borrowing power is? Find out using our easy-to-use online calculator. Don’t forget to also download your free summary report.

Borrowing Power Calculator

Application Type

Applicant 1 Income

Do you have other incomes? (eg. overtime, rental income)

Step 1 of 3

Borrowing Power Calculator

Fill in your details and we'll calculate your Borrowing Power.

Need assistance? Talk to a broker

The borrowing amount is a guide only. Rates and repayments are indicative only and subject to change. The results from this calculator are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.

Exported from Streamline App (https://app.streamlineicons.com)

Find your local Resolve Finance mortgage broker

We want your finance journey to be as seamless as possible and what better way to start it than by speaking to a mortgage broker in your local area.

Choose your Resolve mortgage broker
You can also give us a call on 1300 883 292

FAQs

When assessing your mortgage borrowing power, lenders will primarily look at: your income, your debts and living expenses as well as your credit history. That is why it is important to ensure you pay all of your debts on time and don't take on any additional debt when applying for home finance, such as a personal loan. Our mortgage borrowing calculator will help you understand how much you can borrow for a home loan in Australia, try it today.

To increase your mortgage borrowing power, firstly, have a go at reducing your living expenses where possible. Sit down and review your monthly outgoings and find areas where you can cut back. If you are paying for a Foxtel subscription you never use, cancel it. Secondly, look to pay off debts like credit cards. Then think about income and savings, and if you have ways of increasing these. Maybe you can save a bonus or take on extra shifts. All of these actions will help increase your borrowing power. Your mortgage broker will also be able to provide recommendations.

Your deposit will impact your borrowing power. The larger the deposit you have saved, the more proof the lender has that you are able to manage your money. This gives them the confidence that you will be able to save and budget for your repayments. It is important to remember though that your deposit is only one component when it comes to calculating your borrowing power.