Have a think about what your budget is and enter rough numbers into the calculator that matches your budget. 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. You need to have an idea of your loan amount, the interest rate, repayment type, loan term, repayment frequency, and other information as required. Our home loan calculators are simple to use. Please note these calculators provide an estimate only and are not a guarantee of a successful home loan application. 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. Rates correct as of November 9, 2022.įinding a home loan can be one of the most stressful parts of the home buying journey. Different terms, fees or other loan amounts might result in a different comparison rate. Warning: this comparison rate is true only for this example and may not include all fees and charges. *The Comparison rate is based on a $150,000 loan over 25 years. 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. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. 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%.
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