Loan Calculators
Use our calculators to find out more about your home loan:
- Extra Loan Repayments Calculator: How much can you save by making additional repayments?
- Home Purchase Expenses Calculator: What are the costs of buying your home?
- Loan Comparison Calculator: Compare two loans to find out which is the better deal.
- Loan Repayment Calculator: How much will your repayments be?
- Net Income Calculator: How much money will you have left after tax to pay for your mortgage and living expenses?
You can visit the Home Loan Experts website to find more mortgage calculators.
Why are online loan calculators so important?
Choosing to buy a home is likely to be the biggest financial decision that you make in your life. If you don’t do the maths and work out exactly where you stand, then it may turn into the biggest financial crisis of your life!
A mortgage broker or bank can work out how much you can borrow, however only you can decide how much you should borrow. If you spend more than most people, are likely to get a pay rise in the future, are planning to have a baby or would like to invest then it is likely that the bank’s calculators cannot accurately work out where you stand.
Tips for using our loan calculators
Follow these basic tips to get the most from your calculations:
- Be conservative: Make sure you can afford your mortgage repayments if interest rates go up 2%. You never know what the Reserve Bank is going to do!
- Plan for the future: Sit down with your partner and discuss your future plans. If your situation is likely to change in the future then you will need to amend your calculations accordingly.
- Seek professional advice: Discuss your results with a mortgage broker or financial planner to make sure that you have accurately assessed your financial needs.
If you would like the help of a mortgage broker then please enquire online and one of our staff will give you a call to help you with your assessment.
Learn more about home loans
This website is a wealth of information about home loans. You can visit our home page to find out more about the cheap mortgage loans available in Australia. Alternatively you might like to visit the mortgage forum run by the Home Loan Experts to have your questions answered.
