Finance Calculators
Find the right home loan for you, understand what you can afford to borrow, and explore every facet of home ownership or property investment.
Lender | |||||||||||||
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| Variable | More details | ||||||||||||
| FEATURED | Variable Home Loan (LVR < 70%)
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| Variable | More details | ||||||||||||
| FEATURED | Neat Variable Home Loan (Principal and Interest) (LVR < 60%)
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| Variable | More details | ||||||||||||
| FEATUREDREFINANCE ONLY | Variable Rate Home Loan – Refinance Only
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| Variable | More details | ||||||||||||
| FEATURED100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES | Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)
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Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)
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| Variable | More details | ||||||||||||
| NO ONGOING FEES | Yard PAYG Home Loan (Principal and Interest) LVR ≤ 80%
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| Variable | More details | ||||||||||||
Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)
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Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)
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- Fast turnaround times, can meet 30-day settlement
- No ongoing fees
- Unlimited extra repayments
Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of August 16, 2022.
Free home loan calculators
Finding a home loan can be one of the most stressful parts of the home buying journey. We make the task easier with our wide range of calculators that can help you estimate the cost of buying a house such as stamp duty costs, lenders mortgage insurance, how much you’re able to borrow, what your repayments could be, and more.
Please note these calculators provide an estimate only and are not a guarantee of a successful home loan application.
How to use our home loan calculators
Our home loan calculators are simple to use. You need to have an idea of your loan amount, the interest rate, repayment type, loan term, repayment frequency, and other information as required.
If you’re not sure what your loan amount is because you’re a first time home buyer or have only just started thinking about taking out a home loan, that’s okay. Have a think about what your budget is and enter rough numbers into the calculator that matches your budget.
Other calculators, like the stamp duty calculator, may require you to enter your location, while our income tax calculator will require you to include your income and current expenses.
How can mortgage brokers help?
Our Mortgage Calculators are designed to give you rough estimates of the information you are looking for, be it how much you can borrow or how long will your home loan period be.
While our calculators do not give you all the answers to your queries, it aims to help you assess your financial capacity and borrowing power before even applying for a home loan.
It is still a good idea for you to consult a financial expert to assess your situation thoroughly.
Mortgage brokers will be able to give you a deeper understanding of the results that you will be seeing from our Mortgage Calculators. They can provide you with advice and tips to make sure you grasp how home loans work.
Mortgage brokers can also assist you in getting the best home loan deals in town that perfectly fit your needs and capacities. Talk to a mortgage broker today and discover what you can afford!
Frequently Asked Questions
Our calculators can only provide an indication based on the figures you've provided. The more information you provide, the more accurate the figures will be.
The calculator is not a guarantee and can provide an estimate only. The lender has the final decision.
Put simply, the greater the frequency of your mortgage repayments, the more you will save in interest over the life of your mortgage.
If you make your mortgage repayments weekly or fortnightly, you are paying down the principal amount faster than if you were to make monthly mortgage repayments. This is because the interest calculated has a lesser amount of time to accumulate. Interest is calculated on the principal balance, so with less principal owing, there's less interest payable.
A mortgage calculator can be a handy tool to help navigate finances prior to kickstarting your home-buying journey. A mortgage calculator helps to:
- Calculate the cost of mortgage repayments
- Identify how much you may be able to borrow for a mortgage
- Calculate the additional repayment amount required to pay off your loan faster
Generally, interest on a mortgage is calculated daily and then charged at the end of each month. To make these calculations, your mortgage lender will take the outstanding loan amount at the end of each business day and multiply it by the interest rate that applies to your loan.
This amount is then divided by the number of days in a year - 365 (or 366 in a leap year). At the end of the month, your lender will add together the daily interest charges for each day. This is the monthly interest amount identified on your mortgage statement. If you make weekly or fortnightly mortgage repayments, then this amount is charged accordingly.
Alongside interest rate changes, the interest amount you are charged can also change depending on the number of days in the month. As interest is generally calculated every day, the more days in the month the higher the interest amount.
Get help finding
the right home loan
Not sure which type of loan is best for your needs?
Your Mortgage can help you find out.
Since 1995 we've been helping Australians learn about home ownership, compare home loans and get help from home loan specialists to find the right home loan for them.
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The entire market was not considered in selecting the above products. Rather, a cut-down portion of the market has been considered. Some providers' products may not be available in all states. To be considered, the product and rate must be clearly published on the product provider's web site. Savings.com.au, yourmortgage.com.au, yourinvestmentpropertymag.com.au, and Performance Drive are part of the Savings Media group. In the interests of full disclosure, the Savings Media Group are associated with the Firstmac Group. Read about how Savings Media Group manages potential conflicts of interest, along with how we get paid.
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