Did you know that every lender assesses your borrowing capacity differently. Lenders do not treat your income, expenses or your debt equally. Lenders are bound by different regulations, banks for example are regulated by APRA while finance companies are not. This means that your borrowing capacity can vary wildly.
The borrowing power calculator gives you a general idea of the amount you can borrow and what your repayments could be. Don't forget though that every lender is different. Our assumptions page shows you the assumptions that were made to do these calculations. All lenders have assumptions that they make when working out their lending, and a qualified mortgage broker can talk you through what assumptions different lenders will make. While the amortisation page shows a year by year breakdown of how much principal and interest you will pay on your loan.