Borrowing Power Calculator
Get an indicative estimate of how much you could borrow based on your income, living expenses and existing repayments. We assess at a 3% serviceability buffer, just like a lender.
Children or others you financially support — raises the HEM living-expense floor lenders apply
Lenders assess the higher of this and the HEM benchmark (currently $2,350/mo for your inputs)
Car loans, personal loans, credit card minimums
You could borrow up to
$437,900
Estimated repayment
$2,653.65/mo
Living expenses assessed
$2,800/mo
HEM minimum (est.)
$2,350/mo
Monthly surplus assessed
$3,555.00
Indicative only. Actual borrowing power depends on the lender, your full financial position and credit history.
Want a broker to review these numbers? We'll prefill your enquiry so you can submit in seconds.
Book with these numbersBoost your borrowing power
Paying down or closing credit cards and personal loans, reducing living expenses, and consolidating debts can all lift how much a lender will offer. The right lender choice matters too — borrowing power can vary by tens of thousands between lenders for the same applicant.
Key terms explained
The main terms used in this calculator and its results.
- Comparison Rate
- A rate that combines the interest rate with most fees and charges into a single figure, making it easier to compare loans.
- Genuine Savings
- Funds you've accumulated or held over time (usually three months or more), which many lenders require to approve a loan with a small deposit.
- Pre-Approval
- A lender's conditional indication of how much it's willing to lend you, helping you shop and bid with confidence.
- Serviceability
- A lender's assessment of your ability to comfortably afford loan repayments, based on your income, expenses and debts.
- Variable Rate
- An interest rate that can move up or down over time in line with the market and lender decisions.
Frequently asked questions
Like what the numbers show?
Book a free, no-obligation 15-minute chat with a XLOANS broker. We'll help you take the next step.