Quick Estimates Mortgage Calculator
Get Quick Home Loan Estimates with Our Mortgage Calculator. Get Your Mortgage Estimates 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.
Easily Compare Rates, Lenders, Loan Options Using Our Mortgage Calculator
The property lending market in Australia is extensive with many lenders, many loan products and variations in fixed and variable interest rates. Our calculation device makes it easy to compare the affordability of rates and loans for your specific purchase. We’ve formulated the device with the most up-to-date tech, to ensure users receive reliable results on which to base their decisions.
Quickly compare a fixed rate loan with a variable rate option. To gauge the competitiveness of lenders and ensure you are securing the best possible rate, calculate estimates with rates sourced from a range of lenders and compare with our current, highly competitive rates.
Get your estimates now and for a quote specific to your credit profile, contact our home loan specialists online or by phone.
As specialist brokers in the property finance market, we focus on achieving the best rates for our customers. We have vast lender market coverage through our 80+ lender accreditations. Coverage which enables our brokers to quickly source the most suitable lender and the best rates for each customer’s profile. To have one of our experts source your best home loan interest rates, request a quote.
- Quickly compare repayment estimates on variable and fixed rate loans.
- Easily estimates on different lending products, compare lenders.
- Access 80+ lenders for most competitive home loan rates.
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Get quick answers to home loan questions, practical figures to compare rates, and important data to make property buying decisions with our home loan calculation device.
This user-friendly tool can quickly calculate estimated repayments on all types of loan products, for fixed and variable rates, for all types of property acquisitions. No special finance knowledge is needed. Just type in the figures for the loan you want and let the device do the computations.
Start estimating now and take a step closer to your property purchase.
Versatile Mortgage Calculator – Get Estimates on Different Loan Options
Assess if a property is priced within your borrowing budget by changing prices to payment estimates with the calculating tool. Invaluable for quickly comparing properties based on loan commitment estimates to narrow down the property search. The device can be used for loans on all types of properties including new builds and house and land packages just by entering the correct rate for the type of loan required. To have financing confirmed to assist with selecting the right property, apply for a pre-approved home loan. Start comparing properties now and save time on house inspections.
Major renovation projects and building new houses can be financed with construction loans. These loans can be structured in a number of ways – drawdown facility or based on progress payment schedules. When planning projects, calculate repayments based on different borrowing amounts to assist with setting the project budget. With the budget estimated, builders and designers can be briefed to work to your budget. If calling in quotes from builders, use the device to compare the quotes based on the monthly estimate of loan repayments. When the estimate is in your ballpark, contact us for a quote to get your project underway.
In order for an investment in property to deliver the targeted return, the loan repayments need to be cost-effective. Investors can quickly estimate their loan commitments using the device to compare properties and evaluate the viability of the investment. Investment loans are offered at different rates from owner-occupier home loans. When calculating estimates, use the relevant rate to ensure a reliable figure is obtained. To have your investment property loan individually sourced and structured to meet your requirements, connect with our brokers.
Saving the 20% deposit for a home loan can be a major challenge for many buyers, especially those purchasing their first home. For buyers without the 20%, options may be available with a lesser deposit – 5-10%. Low deposit loans can be approved, subject to meeting lender criteria. LMI, Lender Mortgage Insurance, applies to the loan, which needs to be taken into account. Buyers can consider their options by calculating repayment estimates based on the interest rate and borrowing amount for both 20% and lesser deposits. To find out if you may be eligible for a low deposit loan, speak with our home loan brokers.
When the time arrives to refinance a home loan, homeowners can be faced with multiple options from many lenders to consider. The loan calculation tool makes it easier to quickly compare the options available. Calculate estimated repayments for the rates on offer from different lenders, for Home Equity Loans and other lending products, to compare and find the best solution for you. To expedite and simplify the refinancing process, request a quote from our expert brokers.
Simply Change Property Prices to Loan Estimates
Assess if a property is priced within your borrowing budget by changing prices to payment estimates with the calculating tool. Invaluable for quickly comparing properties based on loan commitment estimates to narrow down the property search. The device can be used for loans on all types of properties including new builds and house and land packages just by entering the correct rate for the type of loan required. To have financing confirmed to assist with selecting the right property, apply for a pre-approved home loan. Start comparing properties now and save time on house inspections.
Easily Budget for Renovations and New Builds
Major renovation projects and building new houses can be financed with construction loans. These loans can be structured in a number of ways – drawdown facility or based on progress payment schedules. When planning projects, calculate repayments based on different borrowing amounts to assist with setting the project budget. With the budget estimated, builders and designers can be briefed to work to your budget. If calling in quotes from builders, use the device to compare the quotes based on the monthly estimate of loan repayments. When the estimate is in your ballpark, contact us for a quote to get your project underway.
Evaluate Investment Property Loans
In order for an investment in property to deliver the targeted return, the loan repayments need to be cost-effective. Investors can quickly estimate their loan commitments using the device to compare properties and evaluate the viability of the investment. Investment loans are offered at different rates from owner-occupier home loans. When calculating estimates, use the relevant rate to ensure a reliable figure is obtained. To have your investment property loan individually sourced and structured to meet your requirements, connect with our brokers.
Consider Low Deposit Home Loans
Saving the 20% deposit for a home loan can be a major challenge for many buyers, especially those purchasing their first home. For buyers without the 20%, options may be available with a lesser deposit – 5-10%. Low deposit loans can be approved, subject to meeting lender criteria. LMI, Lender Mortgage Insurance, applies to the loan, which needs to be taken into account. Buyers can consider their options by calculating repayment estimates based on the interest rate and borrowing amount for both 20% and lesser deposits. To find out if you may be eligible for a low deposit loan, speak with our home loan brokers.
Compare the Best Refinancing Options
When the time arrives to refinance a home loan, homeowners can be faced with multiple options from many lenders to consider. The loan calculation tool makes it easier to quickly compare the options available. Calculate estimated repayments for the rates on offer from different lenders, for Home Equity Loans and other lending products, to compare and find the best solution for you. To expedite and simplify the refinancing process, request a quote from our expert brokers.
Simple-to-Use Mortgage Calculator, Powerful Results – Get Workable Numbers Fast
- Compare loan estimates on different properties.
- Simply obtain estimates on all lending options.
- Easily prepare budgets for renovation and building projects.
- Narrow the property search – get loan options prior to purchasing.
- Evaluate returns on investment properties.
How to Estimate Your Loan Using Our Mortgage Calculator
Our home loan estimating tool completes very complex computations but making those calculations for the user is very easy. No special skills or in-depth knowledge of the property finance sector is required. Just basic online device skills. We’ve formatted our device similar to other online forms.
Start with deciding how much you need to borrow to purchase your property. Deduct the deposit from the property price and enter that amount. If just wanting quick property price comparisons, enter the price of the property as the total.
Next is the interest rate. Enter the rate which corresponds to the lending product that suits your purpose. The device can calculate both fixed and variable rate loans. Finally, enter the term. This will be the number of years/months that the lender is offering for the rate you entered.
That’s all there is to it. The monthly loan repayment estimate is displayed. To get other estimates to compare and evaluate, simply change one or all of the figures you have entered. Note the results because the device does not store results in memory. Remember, rates will vary for different borrowers. For your specific rate, sourced from across our vast lender market, request a quote.
- User-friendly property finance calculator.
- Quick, easy to use, no obligation.
- Convenient online 24/7 access.
Follow Up Mortgage Calculator Use – Request a Quote from Our Home Loan Brokers
Estimating your home loan can be extremely helpful in deciding which properties to consider, what deposit you should aim to make, and to compare different rates and lenders. The estimates are useful, but obtaining a quote based on your specific application and financials is the next real step towards property ownership.
Our highly experienced and skilled brokers are readily available to assist with sourcing you the most affordable home loan with the best rates from across our 80+ lender base. We provide home buyers with a very personal approach and comprehensive services. Your broker will consult with you to assist with your application, advise on the options available, and source the most suitable lending product and lender.
We handle all lender negotiations to not only save you time but support you with our high level expertise. Be confident you are making the right property finance decisions – book a home loan consultation now.
Most Frequently Asked Questions About Mortgages
Does a mortgage calculator estimate refinancing loans?
Yes. Online home loan calculators are generic and can be used to calculate estimates on all types of lending products. The calculators work out estimates based on the numbers entered by the user. To estimate refinancing repayments, enter the amount to be refinanced with the rate and term offered on the lending product required.
What is a Home Equity Loan?
As loans are repaid, the homeowner owns a greater percentage of the property. This is known as the equity the owner has in the property. A home equity loan uses the equity built up on a property by the homeowner as the deposit on a new loan.
Does the mortgage calculator include LMI in the estimates?
No. Lender fees and charges vary with different lenders and with different home loan products. LMI applies to low deposit loans. Home loan calculators do not account for these charges as they are unknown until a specific quote is sourced.
What is the correct interest rate to enter in the mortgage calculator?
To get loan estimates using online calculators, users can input interest rates they have sourced from lenders and/or the provider of the calculation device. Rates can vary for different types of mortgages. Refer to the lender’s rate table and select the rate that corresponds to the loan required.
How do I compare different deposits using a mortgage calculator?
To compare loan estimates with different deposits using online calculators, enter the borrowing amount less the deposit. Then enter another amount, deducting another deposit amount. Note the results to compare repayment estimates based on the different deposit levels.
Does a mortgage calculator calculate estimates with fixed or variable interest rates?
Online home loan calculators can calculate estimates for both fixed interest rate loans and variable interest rate loans. Users should ensure the term entered is the term that the lender is offering with that rate.
What is the difference between variable and fixed rate home loans?
Fixed interest rate home loans have a rate that remains unchanged for the number of years, the term, as offered for that rate. Both the rate and repayment are fixed for that period. A variable interest rate is subject to change. Lenders can change variable rates in response to RBA cash rate decisions and/or based on their own guidelines and policies. When a variable rate changes, the monthly repayment will change. The change may be an increase or a decrease, depending on the rate market cycle and economic conditions.
I want the longest home loan term available. What term can I use in the loan calculator?
The term to enter to calculate loan estimates is the term available for the rate selected. Fixed rates are typically offered by lenders for a set number of years. When that term concludes, the loan is refinanced or renegotiated with the lender.
What is the maximum loan that a mortgage calculator will estimate?
Unless specified by the provider of the calculation device, online calculators should have the capacity to calculate estimates based on any loan amount. These devices are generic and calculate estimates for the figures as entered by the user.
Are home loans available to cover property renovations?
Homeowners seeking finance to cover major renovations can consider a Construction Loan. These loans are specifically structured to suit the needs of renovators. A drawdown facility may be provided with funds available as needed. Alternatively, funds may be made available from the lender when required to pay the builder’s progress payments.
Let Yes Home Loans simplify the process by taking care of the complicated steps for you
