Plan Smarter, Borrow Better – Use Our Calculator to Make Informed Financial Decisions!
Find out how much you can afford to borrow based on your income and expenses
Things like overtime or rental income from an investment property.
Calculator Disclaimer: 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.
Calculate your mortgage repayments, including any loan splits, to see how much you'll pay for each portion separately.
Note: This payment amount is an estimate only and final figures will be confirmed by the lender in your loan documentation.
Loan Amount: The total sum you borrow (purchase price less your deposit).
Interest Rate: The percentage charged by the lender for borrowing money. Want an estimate? Book a 10-minute call with our adviser.
Loan Term: The number of years you plan to repay your mortgage.
Principal & Interest: You pay both the loan balance and interest over time.
Interest Only: You only pay interest, keeping the loan balance unchanged.
Payment Frequency: Making fortnightly payments may help reduce interest costs over time.
See how much time and interest you can save by making extra repayments on your mortgage.
Note: This estimate is indicative only. Actual results may vary due to rounding, lender calculation methods, fees, and rate changes.
When banks calculate what you can afford to borrow which is known as your borrowing power, they use additional criteria and an alternative interest rate known as a ‘test interest rate’. To discover your borrowing power and more use the mortgage snapshot.
Loan Amount: Enter the lan you are considering getting. the house pruchase price less your deposit.
Rate: Enter your expected interest rate. To find out roughly what rate you could get, book a 10-minute call with an advisor.
Term: Enter the number of years you want your mortgage to be paid off over.
Loan Type: Principal & Interest loans are structured so you pay the interest and the total mortgage down, interest only loans you are paying interest only so your mortgage balance remains static.
Payment Frequency: We suggest to pay your mortgage fortnightly.
Find out how much you can afford to borrow based on your income and expenses
Applicant 1 Income
$Do you have other income?
Things like overtime or rental income from an investment property.
Your monthly living expenses
$per monthOther loans and credit cards
$$Calculator Disclaimer: 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.
Calculate your mortgage repayments, including any loan splits, to see how much you'll pay for each portion separately.
$0Total Loan Amount : $0Total Weekly Payment : $0Total Balance Payable With Interest : $0Note: This payment amount is an estimate only and final figures will be confirmed by the lender in your loan documentation.
Loan Amount: The total sum you borrow (purchase price less your deposit).
Interest Rate: The percentage charged by the lender for borrowing money. Want an estimate? Book a 10-minute call with our adviser.
Loan Term: The number of years you plan to repay your mortgage.
Principal & Interest: You pay both the loan balance and interest over time.
Interest Only: You only pay interest, keeping the loan balance unchanged.
Payment Frequency: Making fortnightly payments may help reduce interest costs over time.See how much time and interest you can save by making extra repayments on your mortgage.
Pay It Off Faster
Note: This estimate is indicative only. Actual results may vary due to rounding, lender calculation methods, fees, and rate changes.
When you set your original loan term your repayments will pay off your total mortgage exactly at the end of term. If you increase your repayments early on you reduce the total mortgage at the beginning of the term. This in turn decreases the amount of interest due in each payment – compounding your repayment by using more of it each payment to reduce your mortgage.
Loan Amount: Enter your current (or potential) mortgage balance.
Loan Term: nter the number of years you have remaining on your mortgage (not your fixed term interest rate, but your actual mortgage).
Interest Rate: Enter your current interest rate – or the average rate you expect to pay over the future.
Payment Frequency:Enter your repayment frequency.
Extra Contribution Per Payment: Enter how much extra you could afford to pay on your repayments.
Watch the graph change and see: 1. how much interest you can save, 2. how many years earlier you can get mortgage free.
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