Rent vs Buy Calculator
Are you confused? Whether to buy a house to live in or keep renting? Use our Rent Vs Buy Calculator to find out which option makes more financial sense for your situation. Just enter required numbers and you will see the result which will help you to make an informed decision.
If you need a help to estimate how much you can borrow more accurately or have any question, ask Sage, we love to help. Please fill in one of our contact us form or call us on 1300 551 334. One of our experienced Finance Brokers will happily assist.
Frequenly Asked Questions
What are the requirements
for getting a home loan?
Maximum loan you can borrow is 97% of property value. So you will need 3% of purchase price plus costs. e.g. Stamp Duty, Lenders Mortgage Insurance, Bank Fees, Legal Fees etc. Find out in Detail>>
Every lender & bank has their own borrowing capacity calculator. Which will take account of your income, living expenses, credit card limits & all other financial commitments to
calculate how much maximum they can lend you. Find out in Detail>>
How much money can I borrow
from the bank?
How much money should I have in the begining to buy home?
Generally speaking, regular income, good credit history & enough saving for 3% deposit of purchase price plus costs e.g. stamp duty, lenders mortgage insurance, legal fees etc. is the key requirement to get a home loan approved. Find out in Detail>>