Our Borrowing Power Calculator helps you estimate how much you can borrow based on your income, expenses, and financial situation. This tool provides insights into the loan amount you may be eligible for, helping you plan your financial journey with confidence.
Add your monthly income, any joint income, and
any additional income you may have.
Include your living expenses, loan repayments, and any other financial obligations.
Specify the loan interest rate and term to calculate your repayment options.
The calculator will show how much you can borrow, along with the monthly, fortnightly, and weekly repayment amounts.
Generally, lenders prefer a 20% deposit, but some loan products allow for a lower deposit. We help you find options that match your financial situation.
Yes, we work with a range of lenders, some of whom offer loan options tailored for individuals with less-than-perfect credit. We’ll guide you in finding the best fit.
LVR is the percentage of the property’s value that you’re borrowing. A lower LVR (achieved by a higher deposit) often results in better loan terms.
As one of the best home loan brokers, we simplify the process by finding suitable loan options, handling paperwork, and negotiating with lenders on your behalf.
As one of the best home loan brokers, we simplify the process by finding suitable loan options, handling paperwork, and negotiating with lenders on your behalf.
Example 1
For example, if your net monthly income is $5,000 and your monthly living expenses are $2,000, with a 6% interest rate over 30 years, you could borrow up to $287,000 with monthly repayments of $1,720.
Please note: The results provided by this calculator are estimates and for informational purposes only. Actual borrowing capacity will depend on your financial situation and your lender’s assessment.
Contact us today to speak with one of our finance experts and explore your loan options.
Caspian finance is a Mortgage company. We work with you to ensure you understand your loan options and know exactly how much you can borrow.
