The question of how much you can borrow is probably the most common question we get asked here at The Home Loan Shop. There is however, no simple ‘one size fits all’ formula since each person’s circumstances are quite unique. We need to consider your income and expenses, your employment, how much deposit you have, how many children you have, as well as many other factors. Therefore the best way to know how much you can borrow is to give us a call. But, to give you an idea, you may use the calculator below.
Home loan calculator
By filling in your details below you will get a quick ‘indication’ of how much you may be able to borrow. Note though, that just because you may be able to borrow this amount doesn’t mean that you should! You need to consider your mid to long-term goals, how the loan repayments will affect your lifestyle, how quickly you want to be mortgage free, and so on.