What Home Loan amount do I Qualify for?

Before you start looking for a home, do a few calculations to establish your price range, your home loan repayments and the once-off costs of the purchase.

To work out the home loan amount you qualify for, you have to be realistic in calculating the monthly amount you will have available for the repayment for the home loan, rates and taxes or other property levies.

Once you have taken all your income and expenses into account you can calculate what the approximate loan amount you will qualify for.

You can also calculate the loan repayments of the loan amount and compare that to the amount you have available to repay the required monthly instalments.

Loan Repayments Calculator Click here to calculate loan repayments

The Affordablility Calculator uses the simple criteria of not committing more than 30% of your monthly income for home loan repayments. This is used to try and ensure that you do not over commit yourself financially in the event of interest rate increases and other monthly expenses.

Affordability Calculator Click here to calculate loan amount you qualify for