It gives you a solid estimate based on the figures you enter, but it can't account for everything a lender will look at, like your credit history or other debts. Think of it as a starting point for the conversation, not a guaranteed approval amount.
Does the calculator include fees and charges?
It's designed to estimate repayments or borrowing power based on your loan amount, rate and term. Extra costs like lenders mortgage insurance, application fees or ongoing account fees aren't included, so your actual repayments could differ slightly.
Why might my real repayments differ from the calculator estimate?
Lenders assess your full financial situation, not just the numbers you've entered here, including your income, existing debts and living expenses. Interest rates can also change between now and when your loan settles.
Can I use this calculator if I'm self-employed?
Yes, but self-employed income is often assessed differently by lenders, so your actual borrowing power may vary from the estimate. It's worth talking to us directly so we can factor in how your income is structured.
What should I do after I get my estimate?
Use it as a starting point to understand roughly where you stand, then talk to us about your specific situation. We'll help you understand what you can realistically borrow and how to move forward from there.
