Home Loans – Home Loan Calculator
Finding quality home loans in today’s lending market is just as important as finding the right property. Use our free home loan calculator to confidentially assess your borrowing power, repayment options, stamp duty, income tax, savings plans or to compare your home loan.
A good mortgage broker will help you find suitable home loan, negotiate better rates, lodge your home loan application and even monitor the performance of your home loan long after settlement.
Home Loan Special Offers.
Platinum Basic – 6.79% p.a.* Variable Rate - up to 10 years interest only. (*CCR 7.00% p.a.)
Benefits:
- Exclusive to Loan Market – platinum basic home loan
- Low ongoing variable rate
- Up to 10 years interest only repayments
- Borrow up to 90% of the full purchase price (or valuation if lower)
- Extra repayments and free redraw access
How much can I borrow?
Your maximum borrowing capacity will vary between banks and lenders because they all use different methods to assess your capacity and have different lending criteria. As a guideline, banks and lenders will look at:
- Loan to Value Ratio
- Income and types of income, e.g. casual, contract, full-time
- Credit card limits
- Loan terms
- Number of dependents and their situation
- Type of Loan
- General living expenses, and
- Existing asset position, including the size of your deposit
You can find out your maximum borrowing capacity by using a borrowing capacity calculator. however this will only give you an indication. To find out exactly how much you can borrow talk to your local mortgage broker today.
Home loan calculator
Select the free home loan calculator that best suits your query from our range of calculators.
Things you need to know
* Warning: The comparison rates shown apply only to the example or examples given. Different amounts and terms will result in different comparison rates. The comparison rate is calculated on $150,000 loan over 25 years with monthly repayments. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
** Fees and charges are payable and terms and conditions apply.
^Mortgage Insurance Promotion applies to all new business from 17/05/10 to 30/11/10 inclusive. Premium amount must not exceed $4,380 including GST, but excludes Stamp Duty. Where a premium amount is greater than $4,380, then the borrower must pay the full LMI cost.
The rates and information detailed herein were correct as at the 17/11/10.
More information and home loan help
For more information on how and where to find a better home loan deal from an extensive panel of Australian banks and secure mortgage lenders, or to speak to your local area mortgage expert, contact us on 13 94 62 (direct +61 2 9249 3739)
