This calculator provides a preliminary estimate only and does not account for Loan to Value Ratio (LVR), deposit size, genuine savings requirements, your credit history, or specific lender policies which significantly impact borrowing capacity.
The calculation includes an assessment rate buffer (typically the interest rate entered + 3%) as required by responsible lending guidelines.
Income verification, shading of variable income, and detailed expense assessment (including potential use of HEM benchmark) by the lender will determine the final outcome.
Credit card limits are assessed with an assumed minimum repayment (approx. 3% monthly) regardless of the actual balance owing.
This is not an offer of credit, credit assistance, or financial advice. Results are indicative and should not be relied upon for making financial decisions.
Always consult with a licensed mortgage broker or financial advisor for accurate assessment and personalized advice
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