Jason Bailey

Expertly compared by Jason Bailey

Products Updated April 6, 2018

Mortgage Calculator – How much can I borrow?

If you want to find out how much you can borrow then simply use our mortgage calculator to find out. See which mortgages are available to you and find the best deal and cheapest rates from the whole mortgage market. Calculate the cost of your mortgage repayments and find out the monthly costs of your mortgage.

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All credit types
Rated 4.9/ 5

Loans Warehouse Why?
Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.

  • TRUST
  • VALUE
  • EXPERTISE & KNOWLEDGE
  • CUSTOMER SERVICE

Learn more about how we review and assess the providers here on Lending Expert.

LTV
60% - 100%

Initial Rate
1.19% - 4.32%

Standard Rate (SVR)
3.94% - 4.79%

APRC
3.6%

Type
Variable & 3 ,5 & 10 Fixed Rate

The mortgage experts at Loans Warehouse can quickly assess your requirements and search the market place to find you the perfect mortgage deal. Click get a quote to make an enquiry today.

Mortgage calculator - how much can I borrow?

Mortgage calculator - how much can I borrow?

Mortgage calculator - how much can I borrow?

When you need to move homes, whether it is for a new job, to accommodate a larger family, or to move closer to aging parents, then you will probably have to arrange a mortgage loan with your bank. If you have had property loans in the recent past, then you may already have some idea of how much you will be allowed to borrow, and this can affect the decisions you make on house choices, areas, and size of properties. However, if you have not had to arrange a mortgage in the last 5 years or so, then you may be looking at a completely different rate of lending and borrowing now. The key to finding a solution to the problem might be in using a mortgage calculator to work out exactly how much you can borrow from your bank.


What a mortgage calculator will tell you

Although a mortgage calculator can't tell you exactly how much you will be allowed to borrow by your personal bank, it can give you a ball-park figure which will tell you approximately the mortgage you will have. This will tell you the chances of getting a mortgage that you need in order to cover the costs of buying a new house, and will also show you the level that you should be aiming for when you apply for a mortgage.


Using the different parts of a mortgage calculator

As a calculator is divided into different parts, so that you input different amounts into the windows, this gives you flexibility to try different figures in order to get the answer you need. For example, if you know that most mortgage lenders will allow you to borrow up to 75% on the total price of the property, then you can adjust the figures you put into the calculator in order to get the desired percentage. This will allow you to judge what type of mortgage you will need, the price-range of properties you should be looking at, and the best way to reduce the overall loan (through deposits, by renting out other property, etc).

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