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Check my borrowing power
Four calculators, in the order that answers the question you actually came with: how much you can borrow, what it costs to repay, what the government takes, and whether you'll pay mortgage insurance.
01
How much can I borrow?
An indicative estimate based on your income, living expenses and deposit. Lenders assess this differently — we can give you a precise figure once we know your full position.
Uses an assessment rate of 8.95% p.a. over 30 years. Indicative only and not a credit approval — lenders apply their own buffers, benchmarks and policy.
02
What will the repayments be?
Your monthly, fortnightly and weekly repayment — plus a side-by-side comparison of two rates so you can see what a rate change is actually worth.
Rate A
Rate B
Difference between the two rates
03
What stamp duty will I pay?
Transfer duty is set by state and territory, so thresholds differ. This models the NSW scale as a guide, including the first home buyer concession.
Indicative NSW transfer duty only. Concessions, foreign purchaser surcharges and other state scales are not applied. Confirm with your solicitor before relying on it.
04
Will I pay mortgage insurance?
Lenders mortgage insurance is charged when your deposit is under 20%. It protects the lender, not you — but it's a real cost worth planning for.
Upfront LMI premium
$10,764
Excluding stamp duty — NSW exempts LMI premiums
Calculated from a published LMI rate card — a grid of LVR bands against loan-size bands — rather than a flat percentage, so the premium steps at the 85%, 90% and 95% LVR thresholds the way real premiums do. Figures exclude stamp duty (NSW abolished duty on LMI premiums in 2009). Capitalising rolls the premium into the loan, which lifts your effective LVR — worth checking it doesn't cross a band and reprice the whole loan. Lenders negotiate volume discounts with the insurer, so the same LVR can price differently bank to bank — the binding figure is the one issued at application.
Want the real numbers?
These calculators give you a guide. A broker can give you an exact figure based on your circumstances, from 40+ lenders — free, and with no obligation.
Or call 1300 807 500