How Much Can I Borrow?

This calculator will tell you the amount a bank should be willing to lend you on a mortgage.

This calculator uses the rule of thumb that most mortgage lenders use. The rule of thumb is that they will lend a maximum of 3.25 times the first income plus one times the second income. Alternatively, they will add the two incomes together and multiply that sum by 2.5 times. If this gives a higher figure than the other method, they will use it.

Gross Annual Salary:



Monthly Credit Commitments:




Results:
times $ plus $
= $

Or, if this 2nd method is greater, they will use it:
times $ = $