How much home can I afford?
A home budget depends on more than a bond repayment. Deposit, interest, term, rates, insurance, maintenance and other monthly commitments all affect the picture.
Start with the housing payment you can sustain
Work backwards from a monthly housing budget that fits comfortably alongside your other essential expenses, debt repayments and savings goals.
Account for the deposit
A larger deposit means a smaller amount to finance in the basic repayment model. It also means more cash is committed upfront, so compare the repayment benefit with your remaining cash buffer.
Interest rate and term change the result
For the same amount financed, a different interest rate or term can materially change the scheduled repayment and the total interest shown by a calculator.
Don't stop at the bond repayment
Home ownership can involve costs beyond the bond, including insurance, rates, maintenance and transaction costs. A repayment calculator does not automatically include all of them.
Use affordability as a scenario, not an approval
A calculator can help you explore a range of prices and repayments, but lenders can apply their own affordability, credit and underwriting criteria.
Related calculators
Bond Affordability Calculator
Explore an illustrative property amount from income, debt and a chosen repayment assumption.
Open calculator →CALCULATORHome Loan Repayment Calculator
Estimate repayments, financed amount and total interest for a home-loan scenario.
Open calculator →CALCULATORHome Deposit Calculator
See the deposit amount as a percentage of the property price and the amount left to finance.
Open calculator →This article is general educational information. Calculator outputs are scenario estimates and are not lender approvals or personalised financial advice.