Calculating Your Repayments

The amount you can comfortably commit to repay will be determined by your income (including any rental property income), your other financial commitments, and your day-to-day expenses. Those commitments include your proposed Home Loan repayments, credit card and other bills, repayments on other loans, and any additional expenses.

You should also allow for interest rate rises and other unexpected costs when doing your calculations. Most importantly, you need to take your current and future lifestyle into consideration and have a realistic view of all your expenses and desired spending habits.

When you know how much you can comfortably afford, use the borrowing calculator to see what loan amount you could get.

If you have a variable rate loan, your monthly repayments will change when there are interest rate changes. If your loan is fixed, then you have the benefit of knowing your exact monthly payments. You can also split your loan types to accommodate part fixed and variable amounts.