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Borrowing Power Calculator

Find out how much you can borrow for your next home or investment property with our easy-to-use calculator. 

What Is Borrowing Power?

Borrowing power is the amount a lender may be willing to loan you based on your financial situation. It’s influenced by your income, expenses, debts, credit history, and the type of loan you’re applying for. Knowing your borrowing power helps you set a realistic property budget and approach lenders with confidence.

How Our Calculator Works

Our Borrowing Power Calculator uses industry-standard formulas to estimate your loan eligibility. Simply enter:

  • Your income (salary, bonuses, rental income)
  • Monthly expenses and existing debts
  • Number of dependants
  • Preferred loan term and interest rate
  • Whether you’re applying solo or jointly

You’ll receive an instant estimate of how much you may be able to borrow, plus an idea of your potential monthly repayments.

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Mortgage + Property Fees Calculators

Mortgage Calculator

Calculate your monthly payments and visualize your loan

Loan Details

20.0% of home price

Monthly Payment

$1,839

Loan Amount

$240,000

Total Interest

$422,040

Payment Breakdown

Principal & Interest$1,839
Total of 360 Payments$662,040
Total Interest Paid$422,040

Loan Balance Over Time

Principal vs Interest Payment

Property Fees Calculator

Calculate stamp duty and property purchase costs across Australia

Property Details

Total Property Fees

$21,330

Stamp Duty

$17,765

Transfer Fee

$140

Fee Breakdown

Stamp Duty$17,765
Transfer/Registration$140
Mortgage Registration$150
Est. Conveyancing$1,500

Above calculators are illustrative only and are calculated based on the accuracy of the information entered by the client. They are not an offer or acceptance of loan eligibility. The information contained in this website is of a general nature only and does not take into account your personal needs and requirements. The figures shown in the calculators do not constitute financial advice. Lender policy, terms and conditions, fees and charges may apply. Information such as interest rates quoted and default figures used in the assumptions are subject to change.

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A K profile picture
A K
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Excellent experience with Roger for my mortgage requirement. He satisfies every question, very attentive to calls and messages, he also does not hesitate to give important suggestions throughout the journey, he remains patient with your reoccurring requests about different properties. Will be working with him again and definitely recommends.
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Omar aldoski profile picture
Omar aldoski
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Had the pleasure to deal with Roger on a house loan, great person to deal with, very helpful, efficient and straight to the point, no dodgy stuff no playing around but seriousness
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Maleeka Prabhashi profile picture
Maleeka Prabhashi
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We had a fantastic experience working with Roger as our mortgage broker. From the very beginning, he was professional, knowledgeable, and always ready to answer our questions. Roger perfectly understood our financial situation and found the best loan option that suited our needs. What really stood out was his clear communication and regular updates, which made the entire process smooth and stress free. We highly recommend Roger Fonseka at Mortgage Companion to anyone who is looking for expert guidance and outstanding customer care in securing a home loan.
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Isuru Epasinghe profile picture
Isuru Epasinghe
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We are from Brisbane and contacted Roger based on a recommendation received through one of my Sri Lankan friends at Brisbane. Working with Roger was an absolute pleasure from start to finish. He provided expert guidance tailored to our financial situation and our other conditions. Most importantly, irrespective of day/night/weekends, Roger was always available for my phone calls and answer all my questions. Whatever the state/city you are living in Australia, if you are looking for someone who truly cares and delivers top notch service, I highly recommend Roger Fonseka at Mortgage Companion.
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Pasanga Wimalasuriya profile picture
Pasanga Wimalasuriya
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Roger Fonseka at Mortgage Companion Ellenbrook made the entire process smooth and stress-free. He was professional, responsive, and took the time to explain everything clearly. Highly recommend to anyone looking for expert mortgage advice!
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Lee Stewart profile picture
Lee Stewart
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Have used Roger 7 years ago as a first home buyer. Upgraded to a bigger house recently and used Roger again. Best mortage broker ever. Happy to explain the process, available any time, start to finish flawlessly. Will use him for our future home.
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chalini ushara profile picture
chalini ushara
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We are so thankful for the amazing help we received from Roger. From the start, he was friendly, knowledgeable, and worked really hard to get our home loan approved in a short amount of time. He guided us through the whole process and made everything feel easy and stress-free. Thanks to Roger’s support and experience, we got our bank approval much quicker than we expected. We truly appreciate everything he did for us and highly recommend Roger to anyone looking for a helpful and reliable mortgage broker. Thank you Roger for making this such a smooth and positive experience!
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Jude profile picture
Jude
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Roger displayed extraordinary knowledge in his field and dealing with him was very easy and eye opening encounter for me. Thank you very much for all the advice and support. thanks🙏
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chirath fernando profile picture
chirath fernando
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
Roger was the best!! Roger has excellent knowledge, outstanding communication skills, and is both responsive and efficient. I was very stressed out about the home loan process, but he guided me through it smoothly from start to finish. I spent many hours on the phone with him, and he explained everything step by step in a calm and clear manner. For anyone looking for a trustworthy, friendly, and skilled mortgage broker, I strongly recommend Roger and Mortgage Companion.
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