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What this calculator does
Estimate a home price range from income, deposit, debts, and mortgage assumptions.
How to use this calculator
- Enter income, recurring debts, deposit, rate, and loan term.
- Review the calculation assumptions before using the result.
- Treat the result as a budget guide rather than a lending decision.
How to calculate
Enter the values requested by the home affordability calculator.
Worked example
With the example values shown above, the maximum loan is $416,979.04, and the maximum home price is $521,223.79.
Understanding your result
Treat the result as a budget guide rather than a lending decision.
- Lenders use their own affordability rules.
- Double-check values and units before calculating.
This calculator is educational and is not financial or medical advice.
Frequently asked questions
What does this home affordability calculator do?
Estimate a home price range from income, deposit, debts, and mortgage assumptions.
How do I use this home affordability calculator?
Enter income, recurring debts, deposit, rate, and loan term.
What does the result mean?
Treat the result as a budget guide rather than a lending decision.
What should I check before relying on it?
Lenders use their own affordability rules.
What counts as 'recurring debts' in this calculator?
Ongoing monthly obligations like car payments, student loans, and minimum credit-card payments — these reduce how much monthly mortgage payment you can afford within a given debt-to-income assumption.
Is the affordability estimate the same as what a lender will approve?
No — lenders apply their own underwriting rules, credit checks, and debt-to-income limits, which can be stricter or more flexible than the general assumptions used here. Treat this as a starting budget guide, not a pre-approval.