Mortgage Calculator
How to Use the Purchasing Power Calculator
Use this purchasing power calculator to get an estimate today. All you have to do is add your income, expenses, and select the loan you are thinking of and we’ll provide you with an estimate.
Enter your details for each of the sections below:
Important notice: All computations are for illustrative purposes and do not constitute advice or a guarantee of a loan approval.
Why Purchasing Power Calculators Are Just An Estimate
Purchasing power calculators are a great way to get a rough idea of how much you can borrow from your lender. However, they are just that – a rough idea. They don’t take into consideration all your loan eligibility criteria, which is crucial to knowing how much you can borrow. In other words, it can’t give you an accurate answer because it doesn’t know your complete financial position.
This calculator is designed to give you an estimate of how much money you can borrow from a lender. Note that the purchasing power is calculated on a custom model which can differ from lender to lender. The purpose of this calculator is to merely give an indication of what a lender could offer you, based on some of your basic incomes and financial commitments. You’ll only know how much you can borrow for certain when you apply and receive conditional approval for a maximum borrowing amount on a loan.
Skip the guesswork. Get all the information you need today.
