What’s the first step in purchasing a new home? Most people probably want to look at floor designs and walk through display homes, but understanding your borrowing capacity allows you to look in the right spot.
If you’re in the early stages of saving for a home deposit, looking at online bank calculators is a great starting point. These calculators are just a very basic estimate, but can help get you motivated! They only take a maximum of a few minutes and will tell you how much you can borrow.
BankWest
If you’re after more options, you can indicate your property’s value, loan and product type to name a few.
Commonwealth Bank
We like this tool because you can see what percent of your income is spent on your home loan repayments.
ING
One of the easiest and most interactive calculators we’ve seen and can be finished in under 1 minute.
NAB
A simple calculator, plus you can choose if you’re a first home buyer and if the property is new.
Our team can provide you with a detailed understanding of what you can afford and how you can get there sooner. You can book a free consultation with us.
Not sure where to start?
Our finance team have access to a range of home loans and products to suit your needs.
