Home Loan Affordability Payment Calculator

No, the results are indicative only and serve as a helpful guideline for your planning. A formal home loan offer is subject to a full credit assessment, a property valuation and SA Home Loans' standard terms and conditions. The actual interest rate and loan amount you receive will depend on your specific credit profile and financial criteria at the time of application.

The calculator determines your affordability by combining two main factors: the maximum loan amount you qualify for and the cash deposit you have available. The loan amount is typically calculated based on a maximum of 30% of your provable gross household income, ensuring that your monthly repayments remain manageable within your budget.

To use the calculator effectively, you need to input your Gross Monthly Income (your total earnings before tax and deductions), the Deposit Amount you plan to pay upfront, the expected Interest Rate and your preferred Repayment Term (usually 20 or 30 years). These variables allow the tool to estimate both the total home value you can afford and your expected monthly instalments.

Including a deposit is highly beneficial because it directly reduces the total amount you need to borrow. This results in lower monthly bond repayments and significantly reduces the total interest you will pay over the lifespan of the loan. In some cases, a deposit may also influence the interest rate offered by the lender.