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Borrowing Power Calculator

A real first answer before you talk to anyone based on your income, expenses and existing commitments.

Household

Income

Gross, before tax. Pick whichever frequency matches your payslip.

$
Assessed at 80%
$
Rental etc. assessed at 80%
$
Family Tax Benefit, child support
$

Living expenses

Groceries, transport, insurance etc.
$
Private school, secondary residence, extra insurance
$

Existing debts

Leave a category blank if it doesn't apply. Each is assessed at the greater of your actual repayment or a recalculated benchmark at the buffered rate same as a real lender.

Existing home loan
$
%
yrs
$
Personal loan
$
%
yrs
$
Hire purchase
$
%
yrs
$
Lease / car loan
$
%
yrs
$
Other debts
$
%
yrs
$
Margin / term loan
$
%
yrs
$

Other commitments

$
$
Assessed at 3.8%/month
$
$

The loan you're assessing

%
years
Fixed 4-5yr gets a smaller buffer
Interest-only is assessed more conservatively

You may be able to borrow up to

$487,000

Passes serviceability test

Monthly repayment$2,948.05
Fortnightly repayment$1,360.64
Weekly repayment$680.32

How this was assessed

Assessed rate (incl. buffer)9.09%
Estimated net monthly income$6,457
Monthly expenses & liabilities$2,000
Monthly surplus assessed$4,457
Net serviceability ratio (NSR)1.09x
Loan to income (LTI)4.87x
Debt to income (DTI)4.87x

This mirrors the real serviceability methodology published in a major Australian lender's broker calculator real tax brackets, a genuine household expenditure benchmark, a rate buffer with a 5.3% floor, existing debts assessed at the greater of actual or recalculated repayment, and a $500/month minimum surplus before a loan is treated as an easy pass. It is still a general estimate, not a credit decision actual outcomes vary by lender and your complete financial position.

This calculator provides estimates only, based on the figures you enter and general assumptions it doesn't take into account your full financial situation and isn't formal lending or financial advice. Talk to a Fire Loans broker for an assessment specific to you.