Get answers with our mortgage calculator
Use our mortgage calculator to work out your borrowing power, loan repayments, stamp duty and other costs.
Borrowing power is a term that lenders sometimes use to describe the loan amount you could borrow when applying for a personal loan or home loan.
In some ways, learning your borrowing power is the first step in any serious property search. Having a good idea of what you could buy can make it easier to find an affordable property.
The mortgage calculator on this page can help you estimate your borrowing power, using some basic details about your financial situation. But there are many other things that affect your borrowing power when you actually apply for a home loan. Here are some of the main things lenders consider.
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The information on our mortgage calculator is prepared without knowing your personal financial circumstances. Before you act on this, please consider if it’s right for you.
+LVR stands for the initial loan to value ratio. LVR is the amount of your loan compared to the Bank’s valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and won’t change during the life of the loan as the LVR changes.
^^Rate Lock: BankSA will apply the fixed rate available at the loan settlement date or the date the fixed rate term commences, unless you lock a fixed rate in on your loan using our Rate Lock feature. The fixed rate lock-in fee is 0.15% of your loan amount or $500, whichever is higher, capped at $1000 for loans up to $2M. For loans above $2M, the fixed rate lock-in fee is 0.15% of your loan amount. At the end of your fixed rate term, the interest rate will convert to our standard variable interest rate, unless a new fixed rate term’s selected and then the fixed rate is determined on the day the fixed term ends.
# Higher minimum deposit will be required in some areas. 5% genuine savings required. Loans subject to credit criteria. Where the loan to valuation ratio is 80% or above, lenders mortgage insurance will be required for a fee. Other fees, charges and purchase costs apply. Terms and Conditions available upon application. (Additional funds required for transaction and establishment costs).
* This calculation is not an offer of credit but an estimate only of what you may be able to borrow based on the information provided and does not include all applicable fees (except for monthly fees). Your borrowing power amount may be different when you complete a full application and we capture all details relevant to our lending criteria. Our lending criteria and basis upon which we assess what you can afford may change at any time without notice. Before acting on this calculation you should seek professional advice.
**Available for Owner Occupier and Investment Property Loans with Principal & Interest and Interest only repayments.
1 Interest rate is subject to change.
2 The comparison rate is based on a loan of $150,000 over a 25 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
3Basic Home Loan Promotional Principal and Interest Rate: This offer is only available for new Owner Occupier Basic Home Loan applications with Principal and Interest repayments received from 24/11/2023. Discount applies to our Basic Home Loan offer for the life of the loan. Excludes internal refinances and switches within the Westpac Group, which includes Westpac, St.George, Bank of Melbourne, BankSA and RAMS. This offer may be varied or withdrawn at any time. Interest rates subject to change.
4Residential Investment Basic Principal and Interest Promotional Rate: This offer is only available for new Residential Investment Basic Home Loan applications with Principal and Interest repayments received from 24/11/2023. Discount applies to our Basic Home Loan offer for the life of the loan. Excludes internal refinances and switches within the Westpac Group, which includes Westpac, St.George, Bank of Melbourne, BankSA and RAMS. This offer may be varied or withdrawn at any time. Interest rates subject to change.
The calculator does not take into account any future refinancing options which may be available.
The calculator does not take into account any grants or any applicable bank fees. For details on fees and charges, please go to banksa.com.au