Mortgage Calculators

Most online mortgage calculators are either out of date, inaccurate or don’t full answer your questions.

Not ours! We’ve designed our own calculators to give you give you a better insight into how banks will view your home loan application.

Our popular mortgage calculators

Calculate your repayments / compare loans

• Loan repayment calculator: How much will your home loan repayments be?
• Extra mortgage repayments calculator: How much can you save by making extra repayments?
• Mortgage comparison calculator: Compare the interest rates & fees for two home loans.
• LMI calculator: Compare LMI premiums from several major lenders.

Calculators for purchasing a property

• First home owners grant calculator: Do you qualify for any government grants?
• Home Loan Deposit Calculator: How much deposit do you need for a mortgage?
• First Home Loan Deposit Scheme: Do you qualify for the federal government’s 5% home deposit scheme?
• Buy now or save more calculator: Is it better for you to buy a property now or save a larger deposit?
• LVR calculator: What is your LVR and how will this affect your loan application?
• Postcode restrictions calculator: Are you buying a property in a high risk area?
• Purchasing costs calculator: How much will you pay in stamp duty and other expenses?

Calculate how the bank will see you

• Genuine savings calculator: Will your deposit be counted as genuine savings?
• How much can I borrow calculator: Compare how several lenders will calculate your borrowing power.
• SMSF borrowing power: How much can you borrow in your SMSF?
• Living expenses calculator: Estimate the living expenses for your family.
• Credit score calculator: Are you a high risk borrower?

Income calculators

Find out how lenders will assess your income when you apply for a home loan. Did you know that most of our customers have an assessable income that is lower than their actual income? This is particularly true for people who have overtime, casual, bonus or self employed income.

• Year to date income calculator: How will the banks assess the income shown on your payslips?
• Self employed income calculator: How will the banks assess your last two years tax returns?
• BAS statement income calculator: How much income can you prove using your BAS statements?
• Income tax calculator: How much tax will you pay? What is your net income?

Getting the most from our mortgage calculators

These home loan calculators are designed to help you begin the process of calculating how much you can afford to borrow and working out if you can qualify for a home loan. Follow these three simple tips and you’ll be on your way to home ownership in no time!

Are you qualified?: There isn’t much point in looking at properties & comparing loans if you can’t get approved! Use our helpful tools such as the credit score calculator and genuine savings calculator to find out where you stand.

Be conservative: The banks are going to be conservative when assessing your mortgage. You should take the same approach when working out how much you can afford to borrow.

How much should you borrow?: You may have an idea how much you are looking to borrow, although in most cases, you should borrow $20,000 to $50,000 less than what the banks will actually lend to you.

Learn more about home loans

Our home loan calculators are designed as a guide only, for more precise figures and/or advice, please enquire online or contact us on 1300 889 743 to speak to one of our mortgage brokers.

If you are just researching at this stage then you can also ask a question on our mortgage forum and one of our brokers will provide a detailed answer.

Disclaimer

Whilst we try to be as accurate as possible, the results shown in our calculators are estimates only. Results are provided for illustrative purposes only and are based on the accuracy of the information provided.

A positive result does not constitute a loan approval, quote or an offer to lend. Our calculators are not intended to be relied upon for the purposes of making a decision in relation to a financial product. The calculators do not complete a holistic assessment of your needs and entire situation.

Code errors or delays with updating the calculator may cause your result to be inaccurate. You should obtain a formal approval from a lender before making any offer on a property or any financial decision that relies on a new mortgage. We accept no liability whatsoever if you rely on the results of one of our calculators to make a decision.

For specific calculations for your situation please speak to one of our mortgage brokers.