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Mortgage stress calculator

Estimate how close you might be to mortgage stress.

Estimate your mortgage stress

Simply enter your household income, and your monthly mortgage repayments below.

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  • 20%
  • 30%
  • 60%

Stress free zone

Danger zone

Stress zone

Your mortgage payments are

of your pre-tax income

Pre-tax monthly income:


Monthly repayments:


Pre-tax monthly balance:


The mortgage stress bar shows visually how close you could be to experiencing mortgage stress.

Calculator Assumptions and Disclaimers
The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change.

  • Our calculator estimates your risk of mortgage stress by taking the following steps: Breaking down your household’s annual income into approximate monthly income by dividing the total by 12.
  • Comparing your entered monthly repayment to your approximate household monthly income.
  • Displaying the result as a percentage on the table (results 30 per cent or higher are assumed to be deemed mortgage stress).
  • All calculations are estimates only.
  • These calculations are only accurate for the information entered, and do not take into account future changes to you/your household income, your home loan interest rate, or your mortgage repayments.
  • 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 savings plan in place that allows them 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.
mortgage calculator
Megan & Creagh | Clients since 2018

We’ll help design a tailored debt plan that provides you relief.

  • Implement practical ways to pay off your debt
  • Rebuild your credit rating by paying your bills on time
  • We’ll manage your debt creditors so you don’t have the stress
  • We do the work that keeps your debt plan on track.


What is considered to be mortgage stress?

Mortgage stress is often the cause of borrowers experiencing financial stress and not being able to make their minimum monthly repayments.

With all of these recent interest rate rises, it’s not difficult to imagine that a household income committing to a once affordable mortgage loan is now experiencing high mortgage stress levels.

Borrowers who are struggling financially may be forced to go into financial hardship, which could lead to further financial problems down the road.

How do you know if you’re in mortgage stress?
You’re considered to be under mortgage stress if you are worrying as to whether you’d be able to make the minimum mortgage repayment.

Borrowers may fall behind on payments due to job loss, illness, divorce, or any number of other factors.

Many financial institutions require borrowers to prove that they can afford to repay their loans, however due to changes in circumstances that come from life’s many curveballs, borrowers may find it difficult to consistently meet these requirements for an extended period of time.

How do you relieve mortgage stress?
Fortunately, there are many ways to alleviate mortgage stress.

Financial stress is often caused by not being able to determine how you’re tracking financially. It’s a fear of the unknown.

The best way to know what you can expect is to have a budget that shows where your money is going on a daily, weekly and monthly basis.

What if my expenses are higher than my income?

This is a very common scenario. We may negotiate with your creditors to obtain the lowest monthly payment obligation that fits within your personal or household budget.

We also offer suggestions on how you can tailor your expenses to reflect your income.

Does MyBudget provide financial advice?
MyBudget is a budgeting, debt solutions, and money management service. We provide a range of structure and support services associated with managing your personal expenses. While we do hold an Australian Financial Services Licence (AFSL) and Australian Credit Licence (ACL), we are not financial advisors and offer general financial advice only. For personal financial advice or financial product recommendations, we recommend you seek the services of a licensed financial advisor.
What budgeting services and solutions does MyBudget offer?

We do all the work so you don’t have to worry. Our dedicated team will set up your MyBudget account where all of your bills, savings and payments are managed for you.

We do the heavy lifting that relieves money worries. Using income deposited into your MyBudget account, we pay your bills, set aside savings, and automate your finances so you can achieve your financial goals.

How can I fix my mortgage stress?

When facing times of financial stress, it’s important to be as proactive as possible.

There are many ways to tackle mortgage stress, including creating a budget, refinancing your mortgage, consolidating your personal debt into your home loan, and more.

Our team will work with you to create a plan that is tailored to your unique circumstances.

Can’t find what you’re looking for? More FAQs.

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