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Find out your maximum borrowing capacity
Use this calculator to discover your maximum borrowing power based on your current housing expenses. The calculator shows how much you could expect to borrow for a new home including your likely monthly repayments if you maintain your current rental expenditure.
You could adjust your inputs to the calculator to reveal how much you could borrow if you increased or reduced your monthly housing expenses.
Our How Much Can I Borrow Calculator factors your full income and expenditure to reveal the amount you may be able to borrow and likely monthly repayments.
Again, try adjusting your income and expenses to achieve a better loan value or improved monthly repayments.
Your income may be fixed but doesn’t have to stay at the current level. If you would like to borrow more for your next house purchase consider working extra hours or taking an additional, part-time role.
Essentials, such as utilities, council rates and housing rent or loan repayments are probably fixed but you can make savings by eating out less often, cancelling an under-used gym membership or simply shopping at a different, more cost-effective store.
Please note: The results of this calculator are estimates and provided as a guide only. Calculations should not be considered as any form of quote, loan offer, or lending advice.
Need a hand?
Remember, you can talk directly to one of our accredited Personal Finance Managers on 1300 REDUCE (733 823). They’ll answer any of your questions and you can even apply for a home loan on the spot.
Want a call back? Fill in a no-obligation enquiry form or speak to our live chat representatives and the next available Personal Finance Manager will call you back.
HOME LOAN CALCULATORS
Extra repayment calculator
Pay off your loan quicker with extra repayments. Find out how much quicker with this calculator.
how much can i borrow?
Find out how much you can expect our funders to lend you based on your income and living expenses.
With an offset account attached to your loan, you can reduce the amount of interest you pay.
Compare repayments between principal and interest, and interest only options, or find the total cost of these loans.
Purchasing a property? Find out how much stamp duty you’ll pay based on your state and purchase price.
Curious about your own budget? Calculate your finances and figure out your cash flow here.
If you’ve got a goal for your savings, this calculator can help you understand how long till you reach it.
Calculate how much you can save with regular deposits in a savings account accruing interest over time.
Find the Cheapest Home Loan that’s right for you
No matter what stage of the home loan journey you’re at, we’re here to help you find a great rate across variable, fixed or a mix of both.
Our home loan range also offer great features and flexibility, so you can apply with confidence.
Why choose Reduce?
Some of the features of our home loans:
Loan to Value Ratio (LVR)
The loan-to-value ratio indicates how much you will be able to borrow against the value of the house, with the remainder being your cash deposit. For example, if you want to purchase a home with a value of $200,000 with an 80% LVR your mortgage lender will provide you with $160,000 and your deposit will be $40,000. Generally, a lower LVR may mean you can borrow more, but with a higher up-front deposit, while a high figure usually means higher interest rates and less borrowing power.
Pay less interest on your mortgage! Your salary is paid into your offset account. Your monthly interest payment is calculated based on the outstanding balance of your home loan reduced by the balance of your offset account.
You are able to make additional payments to reduce the duration of your home loan. There is often a maximum value per year.
A redraw facility allows you to withdraw any extra payments you have made
Our interest only loans are popular with property investors, often helping to achieve instant profit from your rental income.
COMPARE OUR HOME LOANS
Compare rates, features and fees across all our home loans in this easy table.
At Reduce Loans, we will find the best home loan for you and your circumstances, leaving you to find the best new home for you and your family.
Use our calculators to estimate your financial situation and get an example of what you could borrow and your likely repayments. Then contact our friendly, highly-experienced team for help and advice.