Mortgage Budget Calculator

This mortgage budget calculator will allow you to accurately ascertain what your borrowing capacity from a lending institution may be. This mortgage budget calculator works on the same principles as the Disposable Income Calculator to calculate how much you can likely afford to spend on a mortgage based on your disposable income. For help with the remuneration category please use the PAYE calculator which will calculate the ACC, Kiwisaver and Student Loan deduction amounts for you.

For help getting approved for a home loan we recommend Stewart & Lord – Registered Financial Advisers. To contact Stewart & Lord please click here.

Frequency

What frequency will you be using to enter the values?

Remuneration

Allowances income

$

Commission income

$

Gross salary income

$

Subsidy income

$

Other income

$

Remuneration subtotal

$

Deductions

ACC deductions

$

Fringe benefit tax deductions

$

Kiwi Saver deductions

$

PAYE deductions

$

GST deductions

$

Retirement annuity deductions

$

Student loan deductions

$

Other deductions

$

Deductions subtotal

$

(A)

Net remuneration

$

Other Income

Child support income

$

Dividend income

$

Monthly pension income

$

Rental property income

$

(B)

Other income total

$

Operational Expenses

Cleaning expenses

$

Clothing expenses

$

Donation expenses

$

Education expenses

$

Entertainment expenses

$

Gardening expenses

$

Groceries expenses

$

Investment expenses

$

Life insurance expenses

$

Maintenance payments expenses

$

Medical costs expenses

$

Memberships expenses

$

Property tax expenses

$

Rent paid expenses

$

Repairs/maintenance expenses

$

Subscription based services expenses

$

Utilities expenses

$

Vehicle fuel expenses

$

Vehicle maintenance expenses

$

Vehicle insurance expenses

$

Other expenses

$

(C)

Total operational expenses

$

Financing Expenses

Bank charges expenses

$

Credit card repayment expenses

$

Technology financing expenses

$

Furniture financing expenses

$

Vehicle financing expenses

$

Mortgage repayment expenses

$

Personal loan payment expenses

$

Other expenses

$

(D)

Total financing expenses

$

Net Disposable Income Calculation

Net remuneration total

$

Other income total

$

Incomes

$

Operational expenses total

$

Financing expenses total

$

Expenses

$

Net Disposable Income (NDI)

$

Mortgage Calculations

What frequency would you like to pay the mortgage?

How much is your deposit?

$

Interest rate (in percent; i.e. 4.5%)

%

What is your preferred loan term in years?

With a $0.00 monthly NDI which equates to $0.00 per fortnight you can afford to borrow

$


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