Overview
This free Mortgage Stress Calculator is built to help you find out whether you are experiencing mortgage stress.
This free Mortgage Stress Calculator calculates your household income tax, disposable income, and mortgage annual repayment. Mortgage Stress Index (the ratio of mortgage annual repayment to household disposable income) is then presented with the ability to do what-if analysis by varying home loan interest rate.
Here is a screenshot that will give you a better idea that what you need to do and what this Mortgage Stress Calculator can do for you.
Things You Need to Know
What is mortgage stress and how is it measured in Australia? Mortgage stress defined as a situation in which homebuyers are paying more than 30 per cent of disposable income on home loan repayments, according to National Centre for Social and Economic Modelling, University of Canberra. Disposable income is defined as total personal income minus personal current taxes.
This calculator is built in Microsoft Excel worksheet. You need to have Microsoft Excel® 2013 & Above for Microsoft Windows® OR Microsoft Excel 2016 & Above for Mac® to use it.
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Download FREE Mortgage Stress Calculator