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How much can I afford to borrow?

Not sure about your debt levels and want to check out the numbers? Use this calculator to make sure you can really afford the mortgage payments you are considering. This calculator takes into account your personal budget, emergency cash reserves and potential increases in interest rates or decreases in your income.

Remember when you're using this calculator that interest rates can go up over time and any increase will affect your residual cashflow on a month by month basis so run a few repayment scenarios at different interest rates to explore your own debt comfort level.

For more information on this topic, try the article links below:

• How much should I borrow?
• Mortgage Traps to watch out for
• What is a Loan to Value Ratio (sometimes called LVR) and why is it important?
• What are some of the issues I should consider when buying a rental property