
What is home equity and how can you access it?
If you have been paying off your mortgage diligently, chances are you’ve accrued some equity over the years. Equity can be used for a number...
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AgreeFind out what your repayments will look like for any given interest rate and loan term.
Lenders calculate your home loan repayment by using a formula that includes the following;
You can simply use the home loan repayment calculator to save yourself a lot of guesswork and headaches.
If this is your first time applying for a loan, it is important to find out if you can afford the new loan before you commit to it. This is a good starting point when you are trying to work out which loan will best suit your financial situation.
If you currently have a home loan, you can use the home loan repayment calculator to figure out what your new monthly repayments would look like if you refinanced to a longer or shorter loan term.
Other benefits in using the calculator can includes;
Using the home loan repayment calculator is simple. All you need is to complete the required fields and hit calculate to work out your monthly repayments, total interest on the loan and the total amount you would be required to pay over the term of the loan.
Our home loan repayment calculator can help you calculate the required repayments for different home loan amounts, helping you find the right home that is based on your affordability and suitable minimum monthly repayments.
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If you have been paying off your mortgage diligently, chances are you’ve accrued some equity over the years. Equity can be used for a number...
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Read MoreAny calculations or estimated savings do not constitute an offer of credit or a credit quote and are only an estimate of what you may be able to achieve based on the accuracy of the information provided. It doesn’t take into account any product features or any applicable fees.
*2.19% Interest rate based on an Owners Occupied, Principal and Interest, 3 years fixed period, minimum loan size of $250,000, maximum LVR of 80%, over a 30 year term. Eligibility subject to servicing requirements, contact one of our specialised mortgage brokers for more information.
^3.27% Comparison rate based on a loan of $250,000 over a 30 year term. WARNING: The comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. 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.