Affordability Calculator

Find out how much home you can afford in Australia based on your income, living expenses, and the APRA stress test.

Income & Household

Annual Gross Household Income

Combined income before taxes

$30,000$1,000,000

Household Type

Monthly Non-Housing Debts

Car loans, credit card minimums, personal loans, etc.

$0$10,000

Deposit & Eligibility

Deposit (savings)

Your available savings for a home deposit

$0$500,000

State

First Home Buyer

Mortgage Terms

Contract Interest Rate

0.5%15%

Loan Term

yrs

5 yrs35 yrs

Affordability Assessment

Stress Fail

HEM living expenses: $1,700 /month

Assessment rate: 8.50% (max of 5.50% + 3% or 6%)

Available for housing: $5,000 /month

Housing Cost Ratio (stress test)

50.0%/ 50% limit

APRA guidelines: your mortgage payment at the assessment rate should not exceed 50% of gross monthly income.

Your Affordability

Maximum Property Price

$750,268

Deposit: $100,000

Maximum Mortgage

$650,268

Monthly Payment (contract rate)

$3,692

At 5.50% over 30 years

Monthly Payment (stress test)

$5,000

At 8.50% assessment rate

HEM Living Expenses

$1,700

Estimated monthly household expenses

LMI (Lenders Mortgage Insurance)

$12,717

Applied when deposit < 20%

Stamp Duty

$28,174

No concessions applied

PilotLend provides educational mortgage estimates and does not constitute financial advice. Actual qualification depends on your lender's criteria.