A bond affordability calculator helps you determine how much you can afford to borrow for purchasing a home. By inputting your income, expenses and other financial details, the calculator provides only an estimate of the loan amount you may be eligible for. This helps you set a realistic budget and avoid overextending yourself financially.
While bond affordability calculators provide estimates based on the information you provided, they may not account for all factors considered by banks such as your credit score, employment history, etc. For accurate and personalized advice, speak to one of our home loans specialists.
All our calculators are set to the current prime interest rate. But remember: the interest on your home loan may vary to the prime interest rate, depending on several factors like your credit rating, deposit and your relationship with your bank. Input different interest rates to see how they affect your monthly payment and overall affordability.