What Can I Afford To Borrow?

Available Funds


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What can I afford to borrow uses money you currently spend each week, such as the savings you've been putting away for a home loan, your rental payments and money you spend on uneccesary items like "avo on toast".
. The total of those amounts is used as the amount of money you can put towards a mortgage payment each week.

The borrowing amount is determined based on those monthly payments.


  • Interest rates remain the same for the term of the loan.
  • One year is 52 weeks exactly, a month is 52/12 weeks and a fortnight is 26 weeks.
  • Interest is calculated by compounding on the same frequency as the repayment stated, i.e. weekly, fortnightly or monthly.
  • Repayments are made at the start of each period.
  • Rounding is made at the end of the calculations and not at each payment period.
  • It does not take into account up-front fees and monthly/annual account fees.
  • You can email your results to yourself and if you request, a copy of your results and contact information is sent to the web site owner.
  • You can print your results for future reference.
  • You should consult a finance professional before you make decisions based on this calculator.

You may afford to borrow:



Total interest payable:



Deposit amount:


Disclaimer: Whilst every effort has been made to ensure the accuracy of this calculator, the results should be used as an indication only. They are neither a quote nor a pre-qualification for a home loan.