Step 1 of 5
Your property & loan
Enter your best estimates — you don't need exact figures at this stage. All information is used only to generate your scenario comparison and remains private.
All figures are estimates only and do not constitute a property valuation, lending assessment, or financial advice. Always seek independent legal and financial advice before making decisions.
Property details
$
Use an agent's appraisal or recent comparable sales
$
Check your most recent loan statement
$
Enter 0 if not applicable
$
Enter 0 if not applicable
%
Usually 50% for joint owners — check your title deed
$185,000
Other assets — optional
$
$
$
ℹ General information: Property values fluctuate and a professional valuation may differ materially from estimates. Ownership percentages and equity entitlements may be subject to family law proceedings and should be confirmed with your solicitor.
Step 2 of 5
Debts & commitments
List all current debts — even those you believe your partner will cover. Credit cards should be entered at their limit, as lenders assess them this way.
All debts
| Debt / Commitment | Outstanding Balance | Monthly Payment |
|---|---|---|
| Home loan | Pulled from Step 1 automatically | |
| Car loan 1 | $ |
$ |
| Car loan 2 | $ |
$ |
| Personal loan | $ |
$ |
| Credit card 1 (limit) | $ |
$ |
| Credit card 2 (limit) | $ |
$ |
| HECS / Student debt | $ |
$ |
| Child support (monthly) | N/A | $ |
| Other commitment | $ |
$ |
| Total monthly commitments | $0 /mo |
|
ℹ Note: HECS/HELP debts reduce borrowing capacity even without mandatory monthly repayments. Credit cards are assessed at their credit limit, not their current balance. Child support payments should reflect your actual CSA obligation.
Step 3 of 5
Your income
Enter gross (before tax) annual figures. These are used for rough illustrative purposes only — not a lender's formal serviceability assessment.
Your income
$
$
$
$
Household context
Children or others financially dependent on you
$
Rent, food, transport, utilities — on your own
Partner's income — optional, for combined reference only
$
$
ℹ Note: Casual, contract, or self-employed income may be assessed differently by individual lenders. Government benefits and child support received may or may not be accepted depending on the lender and product. These figures are for rough illustrative purposes only.
Step 4 of 5
Your three options
Here's a rough picture of each path based on what you've entered. Adjust the assumptions in each scenario to explore different outcomes.
Scenario A
Keep the home
Existing loan to refinance$450,000
Partner's equity to buy out$185,000
Est. legal & transfer costs$3,000
Total new loan required
$638,000
New LVR
79.8%
✓ Under 80%
✓ Under 80%
Est. monthly repayment (P&I)$4,033
Adjust assumptions
Interest rate (% p.a.)
%
Loan term (years)
Legal / conveyancing costs
$
Stamp duty on transfer (if any)
$
Scenario B
Sell the home
Estimated sale price$800,000
Total selling costs$24,000
Net proceeds after costs$776,000
Loan repaid from proceeds$430,000
Net available to split$346,000
Your estimated share$173,000
Adjust assumptions
Estimated sale price
$
Agent commission (%)
%
Legal / conveyancing costs
$
Other costs (staging, repairs, etc.)
$
Scenario C — Wait & hold the current position
01
Joint liability continues
Both parties remain jointly liable for the home loan until it is refinanced or discharged, regardless of who lives in the property.
02
Borrowing capacity affected
The existing joint mortgage typically counts as a liability for both parties, reducing individual borrowing capacity for a new property.
03
Property values may shift
Values may rise or fall during a holding period, affecting settlement figures when an agreement is eventually reached.
04
Legal formalisation required
Property settlements must be formalised through Consent Orders or a Binding Financial Agreement. Waiting does not remove legal obligations.
⚠ Important: All scenario figures are rough estimates based solely on the information you have entered. Actual outcomes depend on formal property valuation, full legal agreements, lender serviceability assessment, stamp duty advice, and your complete financial circumstances. Please seek independent legal, financial, and tax advice before proceeding.
Step 5 of 5
Your summary
A high-level picture of where things stand. Use this as a starting point for conversations with your broker, lawyer, and accountant — not as a final answer.
Estimated Gross Equity
$370,000
Your Equity Share
$185,000
Current LVR
53.8%
Rough indicative borrowing estimate (solo)
Calculating…
Based on a simplified income surplus method using your gross income, commitments, and a 3% assessment buffer. This is not a lender assessment — speak with Jason for a proper evaluation specific to your circumstances.
Scenario comparison
| Metric | A — Keep Home | B — Sell Home | C — Wait |
|---|---|---|---|
| New loan / position | — | — | Current loan continues |
| Your share / proceeds | — | — | No change until settled |
| Est. monthly repayment | — | Not applicable | Existing loan |
| Key risk | LMI may apply if LVR > 80% | Selling costs & CGT may apply | Joint liability continues |
Key unknowns to confirm with your advisers
- Formal property valuation (market appraisal or bank valuation)
- Legal agreement on ownership split and settlement terms
- Stamp duty obligation on title transfer (varies by state)
- Capital gains tax position (if not your primary residence for full period)
- Full lender serviceability assessment under current lending policy
- Treatment of child support and government benefits by lenders
- Superannuation split, if applicable to your settlement
- Insurance arrangements for life and income protection post-settlement
Talk to Jason about your actual position
Jason Given is Lendology's separation finance specialist. A 30-minute confidential conversation will give you a clearer picture of your real borrowing capacity — at no cost and with no obligation. Everything discussed remains completely private.
⚠ Broker disclaimer: This summary is a general discussion aid only. All figures are rough estimates based on information entered by the user. This does not constitute financial advice, credit advice, legal advice, or a lending commitment. Individual outcomes depend on lender policy, full credit assessment, legal agreements, tax advice, and your complete financial circumstances. Seek independent advice. National Debt Helpline: 1800 007 007 · Relationships Australia: 1300 364 277.