We provide you with 17 user-friendly mortgage calculators and tools that are aimed at assisting you in working out your budget and mortgage payment plans. Each of the calculators and tools has been designed for a specific purpose. For example, you can:
- estimate the maximum loan amount that you can borrow, taking into account your monthly income and expenditure, and using current interest rates using the How Much I Can Borrow? Calculator
- approximate the minimum monthly repayment and the amount of interest paid using the Basic Repayment Calculator
- calculate the cost of buying a particular property, taking into account hidden costs using the Home Cost Estimator
- estimate how much it’s likely to cost you to pay lender’s mortgage insurance using the Lenders Mortgage Insurance Estimator
- compare your estimated financial position after seven years of renting with your estimated financial position after the same period of home loan repayments using the Rent Vs Buy tool
- approximate the costs of an investment property using the Can I Afford An Investment Property tool; and calculate how much you’ll owe the Tax Department for stamp duty on your home and on the amount you borrow in your State using the Stamp Duty Calculator.
