Find out whether it's better to rent or buy a home using our free rent vs buy calculator. Simply enter the relevant details into the calculator to get an instant answer on which option will leave you better off.
Find out how much you could save by refinancing your home loan with a lower interest rate using our free mortgage switching/home loan refinance calculator. Simply enter your details into the calculator to get an instant result.
Work out your repayments for an interest-only home loan during and after the interest-only period with our interest-only mortgage calculator. Enter your details into the calculator to get an instant result.
Use our mortgage payment calculator to get an estimate of your regular loan repayments and total interest payable. Simply enter the details of your loan to get an instant result.
Find out how much you could save by paying back your home loan with an offset account. Simply enter your details into the home loan offset calculator to get an instant result.
Use our free home loan comparison calculator to compare two home loans side by side and see how much you could save by switching your loan to a better interest rate. Simply enter your details into the calculator to get an instant result.
Find out how much time and interest you can save by making extra home loan repayments with our extra repayments calculator. Simply enter the details of your home loan and extra contributions to get an instant result.
Use this free comparison rate calculator to find out the comparison rate for your home loan. Simply enter the details of a loan into the calculator to get an instant result.
Use this free borrowing power calculator to determine how much you can borrow based on your current financial position. Simply enter your income, expense, and loan details into the calculator to get an instant result.
Find out how much tax you'll need to pay on your home loan with our free stamp duty calculator. Simply enter your details into the calculator to get an instant result.
Find out how much you could save by making fortnightly or weekly repayments instead of monthly. Simply enter your details into the calculator to get an instant result.
Find out how long it will take to pay off your loan with our free loan payoff calculator. Simply enter your loan details, including loan amount, interest rate, repayment, and repayment frequency, to get an instant result.
While it's not too difficult to understand how a home loan works, calculating different aspects of one involves applying different mathematical formulas. Unless you're an accountant or conveyancer who really loves doing these calculations, working out the answers for yourself is neither convenient nor an efficient use of your time.
The complexity of these calculations increases when you start comparing multiple home loans and weighing up how different strategies will impact your loan repayments, loan term, and more. For most people, it's far more practical to use a home loan calculator to get a quick estimate rather than go through the stress of working it out for themselves.
The purpose of most home loan calculators is to help you choose the most affordable home loan or help you manage your existing loan more effectively. The estimates you get from using a mortgage calculator will help support the decisions you make, no matter where you are in the process.
Each of our home loan calculators is completely free and simple to use - all you need to do input the relevant information, and your results will generate right before your eyes. Each mortgage calculator will require different information from you, but most will ask for basic loan details, including:
For inputs like repayment frequency, you'll need to select an option from a drop-down box (monthly, weekly, fortnightly etc.) The calculation takes place automatically when you enter your details, so you won't need to hit any button to get a result.
The home loan calculators accessible from this page are designed only to provide you with an estimate. Whether you're trying to learn how much you can save by refinancing your mortgage or you want to see how much quicker you can repay your loan by making extra repayments, the answers you get should only be used as an indicator to help inform your next move.
Banks and financial lenders vary greatly in how they market and manage their home loan products. Because of the unique policies, fees, and charges that come with different home loan products, a calculator can't give you a precise answer.
To standardise results, each calculator operates on a series of assumptions. For example, each calculator assumes that a year is counted as 364 days, while the specific lender you borrow from may count a year as 365 or 366 days.
The more your specific circumstances contradict the calculator's assumption; the less accurate your results will be. This is why you need to make sure you understand the specifics of your home loan and your lender's policies so that you don't accidentally misuse a calculator or misinterpret the results.
Factors that can influence the accuracy of results include:
Mortgage repayments for an amount of $500,000 will depend on the interest rate and loan term. If you know the loan term, principal, and interest rate, then you can use our home loan repayment calculator to get an estimate of what your home loan repayments may look like.
To calculate home loan repayments, you need to divide your total principal and interest by your loan term. If you have a $400,000 loan and your total interest payable is $150,000, and the loan term is 24 months, then you would divide $550,000 by 24 to get an estimate of your monthly loan repayment.
To calculate the interest payable on your mortgage, multiply the balance of your loan by your interest rate and then divide by one year. The precise answer will depend on how your lender counts a year and what additional fees and charges apply to the home loan.
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