Can You Afford a Mortgage? Check Your Borrowing Power with Our NZ Bank-Style Serviceability Test to See How Banks are Likely to Treat Your Application
Learn more about mortgage serviceability tests and different ways to optimise your application in our blog post. This tool assumes all monetary values are are in NZD, if you're applying from overseas you'll need to convert from your local currency.
Your Income Details
$80,000
$60,000
$0
$0
Your Expenses
$3,000
$2,000
$500
Your Mortgage Info
$600,000
$800,000
Your LVR75.0%
Your Serviceability Results
Stress Test Rate
8.75%?
Monthly Repayment @ Test Rate
$4,720?
Monthly Surplus/Shortfall
$3,366?
Debt-to-Income Ratio
4.3?
✅
Likely to Pass
Based on your inputs, you're likely to pass the bank's servicing test. Final approval depends on full credit review, but you're in strong shape.
Target: $250
Monthly Surplus (Target over $250)
Target: 6.0
DTI Ratio (Target below 6.0)
Disclaimer: This tool is for educational use only and does not constitute a lender decision or financial advice. Actual approval is subject to full credit assessment by the lender.
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