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.
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
