Home Lender Hub · A different way to look at rent
Your rent.
What could it repay?
Turn your rent into an estimated home loan amount. See what the same money could cover in principal and interest repayments.
Estimated loan amount
Excludes your deposit and purchase costs
Use your rent as a repayment amount to explore a principal-and-interest loan.
See how repayments change with a different loan amount, interest rate or term. Starts with this estimate and $0 fees.
A loan amount, not a buying budget.
This is not borrowing capacity or loan approval. Your deposit, buying costs and lender assessment are separate.
The repayment is one part.
Owning also brings costs such as council rates, insurance, maintenance and strata levies where applicable. Allow for these as well as your deposit and purchase costs.
Explore the first home buyer guide ↗What could your buying budget look like?
Discuss your borrowing capacity with Liran and what it could mean for your purchase price, after allowing for your deposit and buying costs. Your income, expenses, debts and lender assessment all matter.
Discuss my borrowing capacity ↗How is the estimate calculated?
Weekly rent is multiplied by 52 and divided by 12. Fortnightly rent is multiplied by 26 and divided by 12. Monthly rent is used as entered. The equivalent monthly amount is treated as a principal-and-interest repayment at the end of each month.
The calculator works backwards to estimate the loan principal using a constant interest rate, monthly interest (annual rate divided by 12) and the chosen term. At 0% interest, the estimate is the monthly repayment multiplied by the number of months. Results are rounded to the nearest dollar.
What is not included?
This estimate excludes deposit requirements, stamp duty, conveyancing, inspections, lenders mortgage insurance, loan fees and ongoing ownership costs. It assumes no rate changes, offset balance, extra repayments or missed payments. Lenders may calculate interest daily and use different repayment conventions.
Lenders assess income, expenses, existing debts, credit history, deposit and the property. They may assess repayments at a higher interest rate. This calculator does not perform that assessment or compare the full cost of renting with buying.
General educational information only. This estimate is not personal financial advice or a recommendation to buy. Lending criteria, fees, terms and conditions apply. Variable interest rates can change at any time. ASIC Moneysmart: buying a house.