Mortgage Stress Calculator

The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change.

• Our calculator estimates your risk of mortgage stress by taking the following steps: Breaking down your household's annual income into approximate monthly income by dividing the total by 12.
• Comparing your entered monthly repayment to your approximate household monthly income.
• Displaying the result as a percentage on the table (results 35 per cent or higher are assumed to be deemed mortgage stress).
• All calculations are estimates only.
• These calculations are only accurate for the information entered, and do not take into account future changes to you/your household income, your home loan interest rate, or your mortgage repayments.
• Results are calculated based on pre-tax income and do not take any other living expenses into account.
• Some people on high incomes may be comfortable paying 34% or more on housing or some people may have a savings plan in place that allows them to make them comfortable taking on a larger debt.
• The calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances.
• Lenders typically assess mortgage applications using a 3% interest rate buffer above the actual rate when determining borrowing capacity.