Can I afford this property?

Estimate purchase costs, available deposit, loan amount, repayments and monthly affordability for a property purchase in Australia.

General information only. This calculator provides general information based on the figures you enter. It is not personal financial, credit, tax or legal advice and does not consider your objectives, financial situation or needs. By using this calculator you acknowledge the results are general in nature. Read our editorial guidelines.

Your details

Property details

State / Territory

Estimated property price

Property use

New property

First home buyer

Existing property owner

Foreign purchaser

Cash available

Total cash available

Other purchase costs

Loan details

Interest rate (% p.a.)

Loan term (years)

Repayment type

Repayment frequency

Balloon / residual

LMI treatment

Income & expenses

Monthly income (after tax)

Monthly living expenses

Other monthly commitments

Existing loan repayments

Credit card limits

Results

Funding summary

Property price: $850,000
Cash available: $200,000
Estimated upfront costs: $35,273
Available deposit: $164,727
Loan amount: $690,001
LVR: 81.18%
Estimated LMI: $4,728

Repayment summary

Monthly repayment: $4,136.91
Monthly equivalent: $4,136.91
Total interest (est.): $799,285
Total repayments: $1,489,286

Affordability summary

Monthly income (after tax): $9,500.00
Total monthly expenses: $7,636.91
Estimated monthly surplus: $1,863.09

Estimate only. Not a lender serviceability assessment. May require broker or lender review.

Warnings

LVR is above 80% — Lenders Mortgage Insurance is likely to apply.
Stamp duty, transfer and government fees are estimates only — confirm with the relevant State or Territory revenue office.
LMI shown is an estimate only — confirm the actual premium with the lender or broker.

Estimates only and general in nature. Not personal financial, credit, tax or legal advice. Confirm figures with your lender, accountant or the relevant state revenue office before making a decision. See our Disclaimer, Conflicts of Interest and How we get paid.