Mortgage pre-approval budget planner
Decide from cashflow resilience first, then move to lender conversations.
Monthly repayment$3,062
$602,444Total interest
$1,102,444Total paid
30y 1mPayoff
Stress Test
What happens if rates rise?
Extra Repayments
Pay off faster, save interest
Offset Account
Interest savings from offset balance
Upfront Costs
Deposit, stamp duty, and settlement costs
Compare Scenarios
Score and compare loan quotes
Lender max-borrowing figures can anchor expectations too high. This planner anchors on your sustainable monthly budget instead. Borrowers fear missing out on a property, but reframing around avoiding repayment stress and forced lifestyle cuts leads to better decisions.
Budget decisions today affect optionality later: refinancing power, savings consistency, and resilience during rate volatility. A pre-approval amount is not a target. It is a ceiling to respect.
Frequently Asked Questions
- Is this a formal pre-approval result?
- No. This is a planning estimate from your repayment comfort level. Formal pre-approval depends on lender credit and documentation checks.
- What should be included in repayment comfort budget?
- Include mortgage repayments plus rates, insurance, strata and a realistic cash buffer for rate movement.
- How conservative should my assumptions be before applying?
- Model at least +1% and +2% rate stress cases and make sure your budget still works without relying on perfect conditions.