Mortgage Stress Calculator
RateCity's Mortgage Stress Calculator can help you estimate your financial risk. Simply enter household income, and your monthly mortgage repayments to instantly see how close you may be to mortgage stress.
Content updated
Product data updated22 Oct, 2023
Important disclosure
Your pre-tax monthly income
$0
Your monthly repayments
$0
Your pre-tax monthly balance
$0
Your mortgage payments are
-1.0%
of your pre-tax income
Stress Free
Zone
Zone
Stress Danger
Zone
Zone
Mortgage Stress
Zone
Zone
- 5%
- 10%
- 15%
- 20%
- 25%
- 30%
- 35%
- 40%
- 45%
- 50%
- 55%
- 60%
Estimate your mortgage stress
The mortgage stress bar shows visually how close you could be to experiencing mortgage stress.
Calculator Assumptions and Disclaimers
- Breaking down your entered annual income into approximate monthly income by dividing the total by 12.
- Breaking down your partner’s entered annual income into approximate monthly income by dividing the total by 12.
- Comparing your entered monthly repayment to your approximate monthly income (yours plus you partner’s).
- Displaying the result as a percentage on the table – results higher than 30 per cent are assumed to be in mortgage stress.
Our calculator estimates your risk of mortgage stress by taking the following steps:
- All calculations are estimates – they are not guarantees that you’ll be able to afford a particular home loan repayment and are not pre-qualifications or pre-approvals for borrowing.
- These calculations are only accurate for the information entered, and do not take into account future changes to you/your partner’s income, your home loan interest rate, or your mortgage repayments.
- Different lenders may use different serviceability criteria to measure the risk of mortgage stress when you apply for a home loan.
- Results are calculated based on pre-tax income and do not take any other living expenses into account.
- Some people on high incomes may be comfortable paying 30% or more on housing or some people may have a solid buffer or back-up plan to make them comfortable taking on a larger debt.
- The calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances.Read our full disclaimer.