Borrowing reality check
A labelled estimate, not a promise from a bank.
For 19 Arvocado Street, Coburg North
For 19 Arvocado Street, Coburg North
Borrowing band
$790,000 to $965,000
Roughly $790,000 to $965,000, assuming 9.2% assessment and the example figures.
Your whole surplus of $8,980/mo would repay about $1,095,000. The band counts 80% of it, a margin for costs not modelled.
Take-home pay
$13,480/mo
After tax and Medicare, ATO 2026-27
Usable surplus
$7,184/mo
80% of $8,980, a margin for costs not modelled
How we got this
Arvocado cost model | as of 2026-07-07 | Indicative model output, not lender approval.
Band only. Income and expenses are excluded from receipt serializers.
RBA average rate on new owner-occupier home loans, July 2026 (table F6), plus a 3% buffer | as of 2026-07 | User-supplied or default assessment rate.
6.2% is the RBA average rate on new owner-occupier home loans, July 2026 (table F6). Lenders test repayments 3 points above it.
https://www.ato.gov.au/tax-rates-and-codes/tax-rates-australian-residents
ATO 2026-27 resident tax rates, low income tax offset and 2% Medicare levy on each income before tax entered, with no deductions. Medicare low-income thresholds are the latest published (2025-26). Source: ato.gov.au, read 28 September 2026.
Calculation scope
Lenders test expenses against a benchmark. This estimate uses the expenses entered.
Calculation scope
Only 80% of what is left each month counts. The rest is a margin for costs this estimate does not model, such as the living-expense benchmark.
Your input
Who is borrowing
Yearly salary before tax. Take-home pay and any HELP repayment come from the ATO 2026-27 tables.
Optional. Leave blank if only one of you earns.
Your living costs each month: food, bills, transport, insurance, childcare. Leave out rent you will stop paying, and loans and cards entered below.
Loan rate plus a 3% buffer. 6.2% is the RBA average rate on new owner-occupier home loans, July 2026 (table F6).
Years the repayments are spread over.
Assessed at 3.8% of the limit each month.
Monthly repayments on other loans. Leave blank for none.
HELP or other study loan owed on the first income. Leave blank for none.
HELP or other study loan owed on the second income. Leave blank for none.
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$790,000 to $965,000
Not legal, planning, or financial advice.
This link shares the band and assessment rate only.