Mortgage Affordability Calculator
You can use our mortgage affordability calculator to work out how much mortgage you can afford to borrow based on what you can pay every month. For example, this calculator will give you an idea of the kind of property you could afford to buy in your area based on your current rent payment and a mortgage rate.
Don't forget though that you will still need to
save for a deposit, stamp duty, valuation fees and any other costs. If you want to work out how much you could afford based on your income or salary, you should use our mortgage borrowing calculator.
Monthly Payment How much can you afford to pay each month?
Interest Rate At what interest rate?
Term in Years Over how many years?
The results of your calculations
Based upon a monthly payment of
at over years, we can estimate that you could borrow for a Capital & Interest Repayment mortgage or as much as for an Interest Only mortgage.
Attention - the results provided by this calculator are for illustrative purposes only and should only be used as a guide. This information does not contain all of the details you need to choose a mortgage. Make sure you read the separate Key Facts Illustration before you choose a mortgage. For mortgage advice we recommend you speak to an independent mortgage broker.