Online mortgage calculators help you find the right loan
For borrowers looking for a competitive mortgage in Australia, there are many different home loan options available. So how do you find the best mortgage for your individual needs? Well, you can start by comparing how much your mortgage repayments will be by using our mortgage repayment calculators.
Get Pre-Approval online & get a response in minutes with MyRate.
Compare mortgage repayments online
Thanks to the internet, you can now easily compare the mortgages available in Australia by using the mortgage repayment calculators available online. The online mortgage repayment calculators allow you to enter your mortgage amount, how often you will make your repayments and the interest rate to calculate how much your mortgage repayments will be. You can use these mortgage calculators to help you compare the repayments of the different home loan mortgages available.
Most mortgage providers in Australia will have their own mortgage calculators available on their websites. These online mortgage calculators allow you to determine and compare the repayments for that particular mortgage provider’s loans. There are also other mortgage repayment calculators available that will let you compare mortgage repayments from a wide range of home lenders.
Click here for our home loan resources page for mortgage calculators.
How much can I borrow? Online calculators can help you find the answer
While you can find out how much your mortgage repayments will be by using an online mortgage calculator, there are also mortgage calculators available that will give you an indication of how much you can borrow based on your income, your assets, your monthly expenditure and your deposit. Lenders will have their own calculators based on their lending guidelines as different lenders will allow home buyers to borrow different amounts.
Visit our home loan resources page to find out how much you can borrow from our partners.
Other online mortgage calculators
There are also mortgage calculators available that will show you how much you can save by making extra mortgage repayments or making a lump sum payment. There are also budget planners available that will help you work out your finances so that you can be sure you will be able to meet your monthly mortgage repayments.
An important point to remember when using online calculators
Online mortgage calculators are designed to give you a good indication of monthly repayments and how much you can borrow. Remember, they are indications only and you will need to follow up with the individual lenders for exact figures.