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Rent to Buy Calculator

Put your monthly rental amount towards owning your own home – determine how much you can afford to borrow based on the current amount of rent you pay.
$
%
years

Using your current rental payments, you could be paying off an estimated loan of:

$244,953
The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you get in touch with us before taking out a loan so that we can provide you with advice that is tailored to your situation

FAQs

  • Monthly rent equals the monthly loan repayment

  • Principal and interest repayments over a fixed term you set

  • Interest rate stays the same for the whole term, compounded monthly

  • Monthly repayment frequency with even payments across the term

  • Owner occupied loan with no offset or redraw considered

  • No fees, charges, LMI, or taxes included in the estimate

  • No other debts, credit limits, or living expenses factored in

  • Stable income and rental history assumed

  • Lender serviceability buffers and policy differences are not applied

  • Results are a guide only and not a credit approval

A mortgage broker offers access to multiple lenders, personalised loan recommendations, expert guidance, and simplifies the application process, saving you time and effort. They also get paid on settlement by the bank you choose, so a broker wont charge you for their time.

The amount you can borrow depends on factors like your income, expenses, existing debts, credit history, and the lender’s criteria. Use our borrowing power calculator for an estimate, but speak to a mortgage broker for a detailed assessment tailored to your circumstances.

Borrowing power refers to the amount a lender may allow you to borrow based on your income, expenses, debts, and financial situation. It’s an estimate and can vary between lenders.

No, the borrowing calculator provides an estimate only. The final amount will depend on a lender's assessment of your full financial situation, including their specific lending criteria.

Ready to make the leap from renting to owning?

With access to thousands of loan options from 70 lenders, we are in a unique position to help you make your next move.

Don't waste your time on comparison sites, just talk to us. Using a Wealth Builders Finance Broker costs you nothing and comes with all the perks of us doing all the hard work.
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The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.
Sam Potter is a Credit Representative (570029) of BLSSA Pty Ltd ACN
117 651 760 Australian Credit Licence 391237. Wealthbuilders Finance Pty Ltd (ABN: 46 686 102 394) is authorised under LMG Broker Services Pty Ltd ACN 632 405 504 Australian Credit Licence 517192

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