Borrowing Capacity Calculator

Borrowing Capacity Calculator helps calculate your borrowing capacity based on your income, expenses and existing debt obligation. Every institution will use different formulas to calculate your borrowing capacity. The general rule of thump is to calculate your disposable income. Disposable income is the sum of all your income minus sum of all your expenses in a month. Most of the lenders ensure your repayment is less than or equal to 30% of your disposable income.

Use FairBroker® borrowing capacity calculator to understand how much you can borrow and the likely periodic repayment amount. Create a forward planning budget based on your borrowing capacity and repayment amount. Having forward planning budget helps assess the impact on your monthly budget and quality of life. If you only want to find out repayment amount for a loan amount you know, use our repayment calculator.

Once you complete your forward planning and understand the budget for your new house, create a Deal Request on FairBroker® platform and get the get the best mortgage deal offers from thousands of brokers.

The fairbroker® borrowing capacity calculator is very simple to use. Provide estimated annual income of all applicants after-tax, estimated monthly expenses amount and any monthly repayment towards existing debt such as car loan or personal loan.

The borrowing capacity calculator uses this information to calculate disposable income. Disposable income is defined as the leftover money from income after all the expenses (including any debt repayment).