Personal Finance Planner

Use this calculator to work out your personal budget to see what you can afford to pay on a new home loan. Anticipate all property related costs such as rates, insurance and water to ensure you get an accurate assessment of your home ownership budget.

Enter values that you know i.e. weekly, fortnightly, four weekly or monthly and select the appropriate cycle along side each entry and the calculator will convert it all to your selected loan payment cycle in the result at the bottom.

We recommend you add at least of 1% to any current bank rate you may be using for your loan payments as a buffer in your budget to possible future interest rate increases. Banks also add a similar buffer when assessing affordability.

Click to 'CALC' button anytime you want to refresh new data input.

Income (after tax)

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Expenses

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Loan Details

%
years
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Results

Table loan Interest Only Reducing
Surplus (before Debt Servicing) $2,500 $2,500 $2,500
Less Debt Servicing $2,098 $1,750 $2,722
Surplus / Deficit $402 $750 $-222