Mortgage and Finance Brokers
Crunch the numbers. Without the headache.
Income
Expenses & commitments
Loan details
Deposit & LVR
Estimate only, in Australian dollars. Gross salary is reduced by estimated PAYG income tax and the 2% Medicare levy to get take-home pay; other income is taken as after-tax and rental at 80%. Maximum loan is the amount whose repayment at your interest rate plus a 3% serviceability buffer equals your monthly surplus (net income less assessed living expenses, existing repayments, and 3.8% of your credit-card limits per month). Living expenses are assessed at the higher of your figure and a HEM-style minimum that rises with a partner and dependants. Lenders use different rates, buffers, benchmarks and policies, so your actual borrowing power will differ. Rental income is assessed at 80%, existing property loans at your rate + 3% buffer, and borrowing is also capped by what your deposit supports at the chosen LVR (before purchase costs). The purchase price shown is your loan plus deposit, before stamp duty and other purchase costs (which come out of your deposit). Not a loan offer or financial advice — speak to Beck McLean Finance.
Financial position
First home buyer
Rent details
Buy details
Upfront costs
Buying comes out ahead by
How this works
Two ways of putting your money to work, compared over the period you choose.
Buy — net wealth
The home grows at the appreciation rate; we subtract the loan balance, which falls as principal & interest repayments are made. Savings left over after the deposit and upfront costs are invested at the return rate and added on.
Rent & invest
Starting savings are invested at the return rate. Each month the gap between an owner's outgoings (repayment + ongoing costs) and rent is invested too, compounding — the fair "opportunity cost" comparison.
Stamp duty & first home buyer
Choosing a state, price and property type estimates transfer duty. Ticking "first home buyer" applies that state's first‑home rules: NSW — homes exempt to $800k (concession to $1m), land to $350k (to $450k); VIC — exempt to $600k, concession to $750k; QLD — $0 on new homes and land, established to $700k (concession to $800k); WA — homes exempt to $500k (to $700k metro), land to $350k (to $450k); SA — $0 on new homes and land, no relief on established; TAS — established homes exempt to $750k (ends 30 June 2026); ACT — exempt to ~$1.02m (income‑tested); NT — $0 on new house‑and‑land, no relief on established. It also unlocks the 5% Deposit Scheme, which sets a 5% deposit and removes LMI; otherwise, with a deposit under 20%, an indicative LMI premium is added.
Things to note
Figures ignore tax and assume an owner-occupied home (no rental income, no capital gains tax on a main residence in Australia). Estimates only — not financial advice.
Your loan
Repayments
Extra repayments, offset & lump sum
Add extra repayments, an offset balance, or a lump sum on the left to see how much interest and time you could save.
Estimates only, in Australian dollars. Interest is calculated each repayment period on the balance owing (less any offset). Real loans may differ — check with your lender. Not financial advice.
The property
Deposit & funding
Loan terms
Rental income
Holding costs
Tax
Analysis & sale
| Old rulespre‑reform | New rulesfrom 1 Jul 2027 | |
|---|---|---|
| Negative gearingtax refunds over the hold | $0 | $0 |
| Capital gains taxon sale | $0 | $0 |
| Total profit if soldafter all costs & tax | $0 | $0 |
Cumulative cash to hold the property (below the line = out of pocket).
Each year's profit: after-tax cash (below the line = a loss) plus capital growth; the tick marks total return.
Estimates only, in AUD, based on your assumptions. Reflects the 2026–27 Budget negative gearing & CGT reforms (from 1 July 2027): negative gearing limited to new builds; the 50% CGT discount replaced by cost-base indexation and a 30% minimum rate (properties held before 12 May 2026 are grandfathered). Stamp duty and LMI are estimates only, with no first-home or foreign-buyer adjustments — confirm before relying on them. Not financial or tax advice — speak to Beck McLean Finance and a registered tax agent.
A planning estimate only, in Australian dollars. Enter net (take-home) figures at whatever frequency suits each line — the calculator converts everything to an annual amount. Surplus is total income less total expenses; a shortfall means your spending exceeds your income. Not financial advice — for a full budget and lending review, speak to Beck McLean Finance.
Your property & loan
Property growth optional
Equity breakdown
Usable equity
The part most people don’t realise they have — the equity you could potentially borrow against up to the lending limit.
Your equity summary
Based on your information:
How much your property has grown
Estimates only, in Australian dollars, based on the figures you enter. A property value here is your own estimate — a lender will require a formal valuation, which may differ. Usable equity assumes borrowing to the lending limit shown without LMI and does not account for costs, income or servicing. Not a loan offer or financial advice — speak to Beck McLean Finance.
We’ll handle the boring bits for you. No confusing jargon, no hidden surprises. Just smart advice and an awesome, clever (very humble) team that’s got your back.
Beck McLean Finance Pty Ltd (ABN 80 632 809 833) is a Credit Representative (Credit Representative Number 528030) authorised under Australian Credit License 389328.
