Mortgage Hub WA

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Borrowing Power Calculator

Find out how much you may be able to borrow based on your income and expenses. This calculator provides an estimate to help you plan your home buying journey.

Your Income

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$
$

Monthly Expenses & Commitments

$

Include groceries, utilities, insurance, transport, etc.

$
$
$

Lenders typically use 3% of the limit as a monthly commitment.

Loan Details

%

Current variable rate: 6.5%. Assessment includes a 3% buffer.

Your Estimated Borrowing Power

Maximum loan amount

Monthly Repayment
Assessment Rate Used
Total Income (Annual)
Total Commitments (Monthly)

With a 20% deposit, you could purchase a property up to:

Purchase Price
Deposit (20%)
Loan Amount

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Important Note

The information provided by this calculator is intended to provide illustrative examples based on stated assumptions and your inputs. Calculations are meant as estimates only and it is advised that you consult with a mortgage broker about your specific circumstances. Actual borrowing capacity will depend on individual lender policies, credit history, and detailed financial assessment.