POTENTIAL BORROWING CAPACITY CALCULATOR
TALK TO SOMEONE TODAY
Reach out to and lets discuss exactly how much you can borrow.
WHAT OUR CUSTOMERS SAY
Don't just take out word for it
ANGUS
Panorama
My wife and I had an incredible experience working with Elliot as our mortgage broker. From start to finish he was responsive and extremely helpful. He provided a number of lenders with pros and cons, assisting us with what would work best for us. He took the time to explain the whole finance process to us, notifying us of any additional costs from the chosen lender. This was greatly appreciated as he assisted us with re structuring our accounts.
He helped with moving from start to finish from our current bank through to our new lender including all steps along the way (insurance etc). He was contactable at any time, this made the process stress free and easy, keeping us informed as the loan moved through. With Elliot we felt supported the whole way through and we were extremely happy with the service.
We highly recommend Loan Theory to anyone seeking expert loan advice and support. Loan Theory provides an approachable, professional and friendly service.
FREQUENTLY ASKED QUESTIONS
Here to answer all of the tricky questions
How does this calculator work out my estimated loan size
It uses your income, expenses, existing debts, and a standard interest rate buffer to estimate how much a lender might be willing to approve. It gives you a ballpark figure based on common lending criteria, not a formal assessment from any specific lender.
Why doe difference lenders offer different loan amounts for the same income?
Every lender has its own way of assessing serviceability, including how they treat overtime, bonuses, existing debts, and living expenses. Some are more conservative than others, which is why getting pre approval from more than one lender can sometimes turn up a meaningfully different result.
How accurate is this estimate compared to what a lender will actually approve?
It gives you a solid starting point, but the real number can move once a lender looks at your full financial position, including payslips, bank statements, and existing commitments. Speaking with a broker gives you a far more accurate figure before you start house hunting seriously.
What is the interest rate buffer and why does it matter?
Lenders do not just assess you at the current interest rate. They add a buffer, usually around 3%, to make sure you could still afford repayments if rates rise. This buffer is a big part of why your estimated loan size might be lower than you expect based on your current budget alone.
