Easy Mortgage Loan Calculator
Want useful figures to plan property finance? Work up your repayment estimates with Our Mortgage Loan Calculator. Get Your Property Loan Repayment Estimate Now!
This calculator comparison chart is provided for general reference purposes only. It is not in any way intended as a loan application, it is not a quote for finance or any indication that an application has been received or approved. The repayments quoted may not include all the fees and charges that may be applicable. The interest rates and the repayments displayed do not account for any conditions pertaining to your individual loan application. Therefore the interest rate and repayment you may be offered may vary from the amount shown.
Reliably Compare Rates with Property Finance Repayments Using Our Mortgage Loan Calculator
Purchasing a property with finance, whether as a home or an investment, is a major decision. We support buyers streamline the process by providing a device which delivers reliable, accurate figures. Formulated using the latest technology, this useful buying tool empowers property buyers to change borrowing amounts to finance payments based on their purchase.
Delivering figures to enable more meaningful comparisons of interest rates, loan options and lenders. The device has the functionality to complete complex interest computations for both variable and fixed home loans for many lending products. To get started, use the interest rates we are currently achieving and quickly obtain not only your estimate but a realisation of how competitive we are in the property finance market.
The property finance lending market is extensive with variations in interest rates, with lender approval criteria, and with lending product features. Finding the best interest rates and the lending product from the lender that meets individual requirements can be time-consuming and challenging. We assist property buyers to cut the time and overcome the challenges through our expertise and access to over 80 lenders. Assisting buyers to secure the most competitive interest rates from the lender with the product that best suits individual requirements. Compare our current rates and connect with us to have your best rate and best home finance product sourced for you by experts.
- Compare fixed and variable rates, calculate estimated repayments.
- Calculating device for reliable property finance comparisons.
- Access competitive rates from vast lender market coverage.
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Our home finance calculation device provides home buyers with a practical, user-friendly and buyer-friendly way to get the property finance figures they want to plan their purchase. The figures that relate to the amount they want to borrow with estimated rates for their specific lending product. Our calculating tool is extremely simple to use, but has advanced functionality using the latest tech, to deliver complex lending computations in a matter of seconds.
As specialists in the home finance lending market, we know the wide range of financing options available. We’ve developed our finance estimator with the versatility to provide figures for all buyers requiring all types of property finance products. Compare lenders, compare rates, plan purchases, budget builds and renovations, assess prices – all by generating repayment estimates.
Start getting the figures that you can use for your property financing moves now!
What type of loans does a mortgage calculator estimate? Get repayments for a wide range of property loans
To quickly assess the affordability of a particular property, use the calculating device to change your borrowing amount or house price to repayments estimates. Loans for houses and apartments, new-builds and existing, with fixed and variable interest rates, can be estimated with this device. Calculate repayments based on a fixed rate over the term that the fixed rate applies. For variable interest rate home loans, use a preferred term or the term noted by the lender.
To assist with planning major renovations or the cost of building a new house, use our device to estimate repayments on different borrowing amounts for construction loans. The amount entered can be easily changed and the payment for that amount noted. The device is also suitable for estimating loans for home and land packages where the entire package is being covered with the one finance arrangement. When figures meet your budget expectations, connect with Easy for a quote.
Investors can use the calculation device to derive estimated repayments to assess the cost-effectiveness and return on an investment property purchase. Ensure you use the appropriate interest rates as rates for investment property loans differ to loans for owner-occupiers. Lower deposits can apply. The device can also be used for estimating interest-only property loans. A loan type which may suit some buyers. To discuss what finance product best suits your purchase and objectives, speak with one of our brokers.
The deposit plays a significant role in determining home finance interest rates. A typical standard deposit is 20%, but 5%, 10%, and no deposit home loans can be approved for some applicants. Lower deposits require borrowers to cover Lender Mortgage Insurance or LMI. Lower deposits can attract a higher interest rate. Where a borrower does not have the 20% deposit, they may consider using a guarantor. With the appropriate interest rate entered, estimates can be calculated using the calculation device.
Our calculation device has the versatility to estimate repayments for the vast range of lending options available to finance property. These include refinancing and Home Equity Loans. Refinancing is the process of replacing an existing loan with a new finance arrangement. This process of switching loans is typically used to secure a better interest rate. Equity Loans enable equity built up in a property to be utilised as the security for financing another property. Rates can vary for different lending products and for different buyers. Speak with our experts about the lending product that best suits your objectives.
Quickly Change any Borrowing Amount to Estimated Home Loan Repayments
To quickly assess the affordability of a particular property, use the calculating device to change your borrowing amount or house price to repayments estimates. Loans for houses and apartments, new-builds and existing, with fixed and variable interest rates, can be estimated with this device. Calculate repayments based on a fixed rate over the term that the fixed rate applies. For variable interest rate home loans, use a preferred term or the term noted by the lender.
Prepare Home Building, Renovations Budget, Home-Land Packages
To assist with planning major renovations or the cost of building a new house, use our device to estimate repayments on different borrowing amounts for construction loans. The amount entered can be easily changed and the payment for that amount noted. The device is also suitable for estimating loans for home and land packages where the entire package is being covered with the one finance arrangement. When figures meet your budget expectations, connect with Easy for a quote.
Assess Cost-effectiveness of Interest-Only Loans & Investment Property Finance
Investors can use the calculation device to derive estimated repayments to assess the cost-effectiveness and return on an investment property purchase. Ensure you use the appropriate interest rates as rates for investment property loans differ to loans for owner-occupiers. Lower deposits can apply. The device can also be used for estimating interest-only property loans. A loan type which may suit some buyers. To discuss what finance product best suits your purchase and objectives, speak with one of our brokers.
Calculate Payments on No & Low Deposit, Guarantor Loans
The deposit plays a significant role in determining home finance interest rates. A typical standard deposit is 20%, but 5%, 10%, and no deposit home loans can be approved for some applicants. Lower deposits require borrowers to cover Lender Mortgage Insurance or LMI. Lower deposits can attract a higher interest rate. Where a borrower does not have the 20% deposit, they may consider using a guarantor. With the appropriate interest rate entered, estimates can be calculated using the calculation device.
Compare Refinancing Home Loans, Home Equity Loans
Our calculation device has the versatility to estimate repayments for the vast range of lending options available to finance property. These include refinancing and Home Equity Loans. Refinancing is the process of replacing an existing loan with a new finance arrangement. This process of switching loans is typically used to secure a better interest rate. Equity Loans enable equity built up in a property to be utilised as the security for financing another property. Rates can vary for different lending products and for different buyers. Speak with our experts about the lending product that best suits your objectives.
Practical, Versatile, Multi-Loan Mortgage Calculator – Essential Home Buyer Tool
- Calculate estimates for property loan products.
- Estimate fixed and variable interest rate loans.
- Budget for home construction & renovations.
- Establish affordable price range with repayments estimates.
- Compare loans for owner-occupiers, investors, building, equity loans.
How to use a mortgage loan calculator to compare, estimate in a few simple steps.
While our device carries out extremely complex calculations, using the device takes only a few simple steps. Users only need to enter the amount they need to borrow, the interest rate corresponding to their particular lending product, and the applicable repayment term. The repayment estimate based on those figures is then displayed.
To work out repayments for another property with a different price and borrowings, with a different deposit, with a different interest rate – simply change the figures. Change the total required until the repayment estimate meets the amount willing to pay or able to manage, to obtain a rough idea of the property price range to consider. At any time, connect with Yes Home Loans for a specific quote, based on your individual requirements.
- Buyer-friendly, user-friendly home loan estimating tool.
- Compare rates, repayments, set buying price range.
- Convenient, confidential online accessibility.
Easily Take the Next Step from Mortgage Calculator Estimates to Individual Quotes from Yes Home Loan’s Expert Brokers
Quickly obtaining estimates using an online buyer tool can be a great way to make basic comparisons, set price range targets, and start planning a property purchase with finance. The next step is to secure a home finance offer based on your specific profile and requirements.
Our Yes Home Loans brokers handle the entire process of covering a large lender market to secure buyers the best interest rates and the most appropriate lending product. We’ll manage your application, conduct all lender discussions, to ensure your financing is sourced and structured with high-level expertise and experience.
Applications for home loans can be made before purchasing. This enables buyers to have a clear idea of their repayments for different borrowing amounts and set their purchase price targets. To request a quote or to start a home loan application, connect with us online or by phone.
Most Frequently Asked Questions About Mortgages
Can I calculate refinancing a home loan with a loan mortgage calculator?
Yes. Estimates for refinancing home loans can be calculated using an online calculation device. These are generic devices which compute data as entered by users.
What is LMI?
LMI stands for Lender Mortgage Insurance. This is insurance that lenders take out to insure themselves against the recovery of funds extended. LMI typically applies to loans approved with less than 20% deposit. While the insurance is taken out by lenders, the cost is borne by the borrower as it is added to lender fees and charges.
Is Lender Mortgage Insurance included in the repayment estimates with an online calculator?
No. Online calculation devices do not have the functionality to determine the lender fees and charges which will be applied by a certain lender and/or to a certain loan. The device carries out calculations based on a total borrowing amount, not based on deposits. Lender Mortgage Insurance applies to loans with less than a 20% deposit. LMI would be included in a quote obtained from a lender.
What is a property mortgage calculator?
A property loan calculation device is an online facility provided by brokers and lenders to enable home buyers to calculate estimates on finance. Users enter their borrowing amount, applicable rate for their type of loan and the term corresponding to that rate, to receive an estimated monthly repayment. These devices are for estimating purposes only and the results are not offers or quotes.
Do I deduct my deposit from the total borrowing when using a mortgage calculator?
Yes. The total to enter when using an online loan calculation device is the amount the user requires for their loan. To obtain estimates on a home loan, users can deduct the amount of their deposit from the house price and expenses, as an estimate of the borrowings required.
Can investment property finance repayments be calculated with an online device?
Yes. All types of property loans may be estimated using an online device by entering the applicable rate and term. Users should be mindful that these are estimates.
How does a variable rate home loan differ from a fixed rate loan?
A fixed interest rate loan has a rate which remains unchanged for the number of years of the term as quoted by the lender, regardless of market fluctuations. A variable rate loan is subject to changes with RBA and lender changes to their interest rates.
How do I compare loans for different priced properties using a mortgage calculator?
To compare repayment estimates for properties with different prices, change the borrowing amount entered to reflect the price less any deposit.
What interest rate do I use to get mortgage repayment estimates?
Interest rates vary for different types of home loans and different buyers. For the purpose of obtaining estimates, buyers can use the rates that are displayed by the provider of the device or have been sourced from another lender. Some lender devices may pre-enter their current rate and term for that rate.
Can I calculate estimates for a loan to build a house using a mortgage calculator?
Yes. Construction Loans are available to cover the cost to build a house. Estimates can be obtained by entering the interest rate applicable to that lending product.
Let Yes Home Loans simplify the process by taking care of the complicated steps for you
