Use our mortgage calculator to work out your borrowing power, loan repayments, stamp duty and other costs.
Borrowing power is a term that lenders sometimes use to describe the loan amount you could borrow when applying for a personal loan or home loan.
In some ways, learning your borrowing power is the first step in any serious property search. Having a good idea of what you could buy can make it easier to find an affordable property.
The mortgage calculator on this page can help you estimate your borrowing power, using some basic details about your financial situation. But there are many other things that affect your borrowing power when you actually apply for a home loan. Here are some of the main things lenders consider.
Finding a way to save money is just one of the many reasons you might be thinking about refinancing – perhaps you want to tap into the equity in your home or consolidate some debt.
A home loan expert will call you once you have submitted your application to talk through next steps.
The information on our mortgage calculator is prepared without knowing your personal financial circumstances. Before you act on this, please consider if it’s right for you.
+LVR stands for the initial loan to value ratio at loan approval. LVR is the amount of your loan compared to the banks valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and don’t change because of changes to the LVR during the life of the loan. Any applicable LVR discount has been included in the advertised eligible rate.
# Higher minimum deposit will be required in some areas. 5% genuine savings required. Loans subject to credit criteria. Where the loan to valuation ratio is 80% or above, lenders mortgage insurance will be required for a fee. Other fees, charges and purchase costs apply. Terms and Conditions available upon application. (Additional funds required for transaction and establishment costs).
* This calculation is not an offer of credit but an estimate only of what you may be able to borrow based on the information provided and does not include all applicable fees (except for monthly fees). Your borrowing power amount may be different when you complete a full application and we capture all details relevant to our lending criteria. Our lending criteria and basis upon which we assess what you can afford may change at any time without notice. Before acting on this calculation you should seek professional advice.
1 Interest rate is subject to change.
2 The comparison rate is based on a loan of $150,000 over a 25 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
3 Basic Home Loan Promotional Principal and Interest Rate: This offer is only available for new Owner Occupier Basic Home Loan applications with Principal and Interest repayments received from 24/03/2022. Discount applies to our Basic Home Loan offer for the life of the loan. Excludes internal refinances and switches within the Westpac Group, which includes Westpac, St.George, Bank of Melbourne, BankSA and RAMS. This offer may be varied or withdrawn at any time. Interest rates subject to change.
4 Residential Investment Basic Principal and Interest Promotional Rate: This offer is only available for new Residential Investment Basic Home Loan applications with Principal and Interest repayments received from 04/11/2021. Discount applies to our Basic Home Loan offer for the life of the loan. Excludes internal refinances and switches within the Westpac Group, which includes Westpac, St.George, Bank of Melbourne, BankSA and RAMS. This offer may be varied or withdrawn at any time. Interest rates subject to change.
The calculator does not take into account any future refinancing options which may be available.
The calculator does not take into account any grants or any applicable bank fees. For details on fees and charges, please go to stgeorge.com.au