Before buying a home or getting a loan it's vital to use a calculator to understand your loan repayments. You can also use calculators to estimate your stamp duty costs, lenders mortgage insurance and other expenses, or to see how different loan features like offset accounts can save you money.
Use our home loan calculator to estimate repayments
Find out your borrowing potential so you know what you can afford. Although this differs from lender to lender, this calculator will give you a good estimate.
If you’re thinking about your retirement, this calculator will estimate how much money you can borrow from your mortgage, based on your age and property value.
This calculator shows you the time and money saved by making fortnightly repayments.
How to get the most out of our home loan calculators
Using these home loan calculators is easy. You just need to have an idea of your loan amount, desired interest rate, repayment type and other information. If you're a first home buyer or you're just doing early research, try and think of rough numbers to match your needs and budget.
Depending on the type of calculator, you can also enter details like which state you're in (stamp duty costs vary by state) as well as the repayment type (make sure you know the difference between principal and interest and interest-only loans.
Other calculators like the income tax calculator and the borrowing power calculator will require your income and current expenses. If you're not sure about any specific number, use an estimated figure.
The calculators give you flexible options like monthly, fortnightly or weekly repayments and various loan terms so you can tailor each calculator to your specific situation.
Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification.
Home equity can help you access extra financing from lenders to spend on things like home renovations or investment properties. Find out how you can calculate the equity in your home.
Want to know how to calculate monthly repayments on your new mortgage? In five steps our free home loan repayment calculator crunches the numbers for you.
We are a product comparison website and general information service. If you are looking at buying a property in Australia, check our home buying guide to know the steps in buying a house as well as know your options to get funding. You can also check our tips on how to negotiate buying a house as well as the costs of buying a property.
If you need a loan, you may refer to our list of home loans. You can use our comparison table to help you find the lender that suits you. You can also speak to a mortgage broker who can take your personal circumstance into account and offer you a range of borrowing options.
I have $140,000 savings. Im a single person with no dependants and want to use my savings plus a $120,000 loan to buy property. My annual income is $45,000 with no loans debts or credit cards . Can I borrow the $120,000 and what would be monthly repayments?
Please note that each lender will have different eligibility criteria that you will need to meet to qualify for one of their home loans but ultimately they will review your ability to service the mortgage by reviewing your income, assets, and any existing debts you have against your name.
You can use our home loan repayment calculator to estimate what your repayments would be and you can also compare a range of home loans in the comparison table to find one that suits your needs.
I also recommend getting in touch with a licensed mortgage broker. A broker can help you understand your financial position and they can leverage their panel of networks to find a lender that’s more inclined to review your application.
There are many lenders who allow you to refinance your home loan to consolidate debt. Before doing so, you may talk to a mortgage broker to begin a free discussion. The page also provides a list of lenders that offer refinancing debt consolidation loans.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.
Thank you for reaching out to finder.com.au, a financial comparison website.
Taxes vary from state to state, please contact your local state revenue office or the Australian Taxation office to discuss your specific circumstances.
Hi , just a question and hope you can help. My partner was advised today from the broker who applied to liberty for a non genuine savings loan that they would only offer him a loan on a high interest rate due to his bank statements having late payments which can be explained ,I believe everything else was all good ,he is a first home buyer but isn’t applying due to myself being linked to him and as i have previously purchased he wont qualify. He is fifo and full time just over probation but same for max 6 yrs and has , his credit history is clear but did go bankrupt in 96 but has just reason if need be. It would be with great appreciation if you could assist .
Thank you
Julie and Alan
I’d recommend contacting another mortgage broker with a large panel of lenders. If a mortgage broker doesn’t have a large panel of lenders to choose from, it may result in you not getting the best loan for you.
Be aware too that if you apply for too many home loans in one space in time it may be hard for you to qualify for further home loans.
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Hi, I just want to ask that I want to buy a house and how your company works. I just need detail.
Hi Amish,
Thanks for reaching out to Finder.
We are a product comparison website and general information service. If you are looking at buying a property in Australia, check our home buying guide to know the steps in buying a house as well as know your options to get funding. You can also check our tips on how to negotiate buying a house as well as the costs of buying a property.
If you need a loan, you may refer to our list of home loans. You can use our comparison table to help you find the lender that suits you. You can also speak to a mortgage broker who can take your personal circumstance into account and offer you a range of borrowing options.
Hope this was helpful.
Cheers,
Nikki
I have $140,000 savings. Im a single person with no dependants and want to use my savings plus a $120,000 loan to buy property. My annual income is $45,000 with no loans debts or credit cards . Can I borrow the $120,000 and what would be monthly repayments?
Hi Kate,
Thanks for your enquiry.
Please note that each lender will have different eligibility criteria that you will need to meet to qualify for one of their home loans but ultimately they will review your ability to service the mortgage by reviewing your income, assets, and any existing debts you have against your name.
You can use our home loan repayment calculator to estimate what your repayments would be and you can also compare a range of home loans in the comparison table to find one that suits your needs.
I also recommend getting in touch with a licensed mortgage broker. A broker can help you understand your financial position and they can leverage their panel of networks to find a lender that’s more inclined to review your application.
Thanks,
Belinda
Hi, we are looking at consolidating our debt’s 22k into our mortgage, 50k left on it, are many lenders keen to refinance to consolidate?
Hi Annie,
Thanks for the question.
There are many lenders who allow you to refinance your home loan to consolidate debt. Before doing so, you may talk to a mortgage broker to begin a free discussion. The page also provides a list of lenders that offer refinancing debt consolidation loans.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.
Cheers,
Marc
I borrowed 45,000 how much taxes will I have to pay
Hi Heidi,
Thank you for reaching out to finder.com.au, a financial comparison website.
Taxes vary from state to state, please contact your local state revenue office or the Australian Taxation office to discuss your specific circumstances.
Regards
Jodie
Hi , just a question and hope you can help. My partner was advised today from the broker who applied to liberty for a non genuine savings loan that they would only offer him a loan on a high interest rate due to his bank statements having late payments which can be explained ,I believe everything else was all good ,he is a first home buyer but isn’t applying due to myself being linked to him and as i have previously purchased he wont qualify. He is fifo and full time just over probation but same for max 6 yrs and has , his credit history is clear but did go bankrupt in 96 but has just reason if need be. It would be with great appreciation if you could assist .
Thank you
Julie and Alan
Hi Julie,
Thanks for the question.
I’d recommend contacting another mortgage broker with a large panel of lenders. If a mortgage broker doesn’t have a large panel of lenders to choose from, it may result in you not getting the best loan for you.
Be aware too that if you apply for too many home loans in one space in time it may be hard for you to qualify for further home loans.
I hope this helps,
Marc