eChoice Home Loans

How Much Can I Borrow Calculator

You will never be afraid to borrow money through a home loan again if you use this online loan calculator. In a matter of seconds, this can show you the maximum home loan amount that you can borrow and how much your monthly repayment will be based on the data that you have keyed in.

You may enter your fortnightly, weekly, monthly and annual net salary on the specified fields above. You can also specify if you are calculating based on a joint income and how much of your income you are willing to allocate for a home loan deal.

Once you have done that, you may type in your expense details such as annual expenses, monthly car loan repayments, monthly credit card payment rates and other expenses that can be optimised through various time frames.

After which, you can then enter the specifics of your home loan deal such as its interest rate and payment term. You may also input your desired interest rate buffer.

If you have entered all of this information, this calculator will show your maximum home loan deal and monthly repayment in numeral and graph form. However, its results should only be used as a guide and not as a quote or pre-qualification for a loan. For this, you may want to consult one of eChoice's home loan consultants today.