A Remortgages Website

Mortgage Calculators

How Much Can I Afford To Borrow?

Use this calculator to work out how much income you have left at the end of each month to spend on your mortgage repayments. You can be as comprehensive or as rough as you wish. Most affordability-based lenders will not go into this level of detail, but it doesn't hurt to know where your money is being spent!

Income:

Monthly income after tax and national insurance
1st salary
2nd salary
Other income
Total income available

Regular monthly expenses:
(which should include an approximate monthly equivalent for anything that is paid for annually or quarterly)

Money matters
Ground rent
Maintenance charges
Credit cards and other loans
Other rental/HP agreements
Contribution to pension fund
Rainy day savings contributions
Household & mortgage payment protection insurance
Subtotal
Household expenses
Food
Household goods
Toiletries
Home improvements
Clothes
Dry cleaning and laundry
Gas
Electricity
Water
Telephone
Council tax
Subtotal
Health
Prescriptions
Eye care products
Health insurance
Life assurance and protection products
Subtotal
Travel
Public transport
Car tax
Car insurance
Car maintenance
Petrol/diesel
Subtotal
Children's education
School fees
School meals
School uniform and equipment
School trips
Baby-sitter nursery
Subtotal
Leisure, hobbies and interests
Holidays
Gym or club membership
TV rental and license
Theatre, cinema and restaurants
Garden, sports and hobbies
Pets - food, vets fees, kennels
Smoking
Drinking
Computer equipment
Subtotal
Total income
Total expenses
Total net monthly income available

Please note: This calculator should be used for indicative purposes only and should not be taken as representing advice.