How to beat the banks at their own game: Use personal finance calculators available on finder.com.au to see if you’re really getting the best deal out there.
With our calculators, you can estimate how much you’re able to borrow for a home loan, calculate how much interest that sum of money will attract in a savings account and compare different personal loan options. These calculators are free and easy to use. All you need to do is put in a few numbers to generate a figure that could help you make the right financial decision.
All these tools help you better manage your money and every dollar counts. So take a look at our helpful tools below and find a better financial product today. Please note that these calculators and tools provide estimates for your general information. The success of your application can not be guaranteed and do not represent quotes.
Credit cards
| Credit card repayment calculator | Balance transfer calculator |
| Trying to figure out how long it will take to pay off your credit card? Use this calculator to figure it out. | Find out how much interest you could save by transferring your existing balance to a new credit card. |
Home Loans
| Refinancing calculator | How much can I borrow? | Mortgage repayment calculator |
| Are you thinking about switching home loans? Use this calculator to help you figure out if it makes financial sense. | This calculator can help give an indication of the amount of money you can borrow. | Calculate what your regular repayments could be on your home loan. You can choose from monthly, fortnightly and weekly payments. |
| Property buying costs calculator | Stamp duty calculator | ‘How long to repay?’ calculator |
| How much do you need to cover the cost of buying your property? Use this calculator to find out. | Stamp duty rules are different according to where you live. Use this calculator to help you find the correct rate. | Wondering how long it might take to pay off your mortgage? Find out here. |
| Income tax calculator | Honeymoon loan calculator | Loan comparison calculator |
| Work out what your after-tax income is and see how much you can allocate towards your property. | Do have an introductory period on your home loan? Prepare yourself by knowing how much you’ll need to pay after this period ends. | Compare home loans side-by-side so you can pick the best one for your situation. |
| Split loan calculator | Offset mortgage calculator | Extra repayment calculator |
| Find out if splitting your home loan can actually help save you money. | Find out how much interest you could save by transferring your balance to a new credit card. | Have a bit of extra cash to make extra repayments? See how much you could save. |
| Lump sum calculator | Reverse mortgage calculator | Property selling costs calculator |
| Use this calculator to see how much you stand to save by making lump sum payments. | Considering retirement? Find out how much you can borrow from your mortgage based the value of your property and age. | This calculator helps you take into account all the costs of selling your property so you know how much is in your pocket. |
| Bi-monthly calculator | Personalised comparison rate calculator | |
| This calculator shows how much you can save by making fortnightly repayments. | Figure out the true cost of your home loan so you can choose the right mortgage for your goals. |
Personal Loans
| Personal loan repayment calculator | Loan comparison calculator | Luxury Car Tax (LCT) Calculator |
| Considering taking on a personal loan soon? Find out if you can afford the repayments using this calculator. | If you’re at the stage of deciding between two loans, see which one can save you more money. | This calculator can help you figure out how much LCT is included in the overall price of your luxury vehicle. |
| Novated Lease Calculator | Car Loan Comparison Calculator | Car Loan Repayment Calculator |
| Figure out the repayment amount your employer will be taking out of your salary to pay for the vehicle. | Take the guesswork out of comparing interest rates and fees when comparing car loans. | Can you afford that new set of wheels? Work it out using this calculator. |
| Commercial Hire Purchase Calculator | ||
| Find out how much your business could save with a commercial hire purchase. |
Savings Accounts
| Savings goal calculator | ‘Am I wealthy?’ calculator | How long it will take until you’re a millionaire calculator |
| Saving up for that something special? Use a calculator see when you can reach your goal and how much you need to regularly save. | How do your finances compare with the rest of the world? One way to find out. | Find out how long it will take you to become a millionaire with your current saving habits |
Life Insurance
| Life Insurance Cover Calculator | Income Protection Calculator |
| Trying to get an idea of how much life insurance you should take out? Use this calculator to help you determine an appropriate level of cover based on current financial obligations. | Find out the monthly benefit you stand to receive from your income protection policy based on your current income. |
| Retirement calculator | |
| Are you nearing retirement? Maybe just want to make sure you're going to have enough money to fund your retirement. Find out how much you're going to need to live comfortably with our retirement calculator. |
Frequently asked questions
Is the calculator a guarantee that the lender will approve this amount?
No, the calculator only shows you an indication based on the figures you’ve provided. The lender or financial institution still has the final decision.
I don’t know what my Lender’s Mortgage Insurance (LMI) is, what do I do?
In these cases, you’ll need to call your lender up and ask for a quote. It’s worth noting that LMI is different according to the amount you borrow and the who the insurer is.
How accurate are these calculators?
These calculators have been developed with sound mathematics to produce the results based on the information you’ve provided. The more accurate the fields you enter, the more accurate the figures.
I have a question about interest rates and fees. Who is the best person to speak to?
For some interest rates and fees, you will need to ask your financial institution or Office of State Revenue. These include things like, discharge fees, break costs and stamp duty. The main reason for this is because they are based on your personal situation, and so are different for everyone.
I owe my one of the big 4 banks a total of $1.2M as a home loan. This home loan is currently on Interest Only fixed for 2 years at 3.75%. In a month time, the 2 years fixed will end. I have asked the bank to extend my home loan as it’s at 3.75% fixed for further 3 years because the P&I repayment will be too high for now.
You guessed it they are going around the bush without any answer to my request. Is there any other option for me to keep my repayment as low as possible for further 3 years? Can the $1.2M home loan be split e.g. half would be interest only fixed for 3 years and the other half P&I for 3 years? Please if the split can be done show me the calculation formula &Interest &Pricipal payments in details and how much the monthly repayment after the split? Currently, I am paying $3,750 per month at interest only.
Thank you.
AK
Hi Aboud,
Thanks for getting in touch with finder. I hope all is well with you. :)
The answer to your question depends on your chosen lender. Ultimately, the lender will assess your situation and determine the best option for you.
However, for now, I would suggest that you refinance to another interest-only loan provider if your current lender won’t extend the interest-only term. Please review and read our Interest-only home loan refinance guide. On that page, you will see a table that allows you to conveniently compare your options. Once you find the right one for you, click on the “Go to site” green button to learn more or initiate your application.
Now, if this isn’t possible or too difficult for you, another thing you can do is speak to a mortgage broker. They have the necessary knowledge and experience to help you discuss other available options. Click here to find the right mortgage broker for you.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
What is the interest earned on 2.25% $395,565?
Hi Joe, thanks for your inquiry!
To calculate this you can enter 0.0225 x 395,565.
The interest you would earn equals $8900.21.
Thanks,
Jonathan
What does this mean death benefit ,death benefit for insured and spouse .
Hi Peter,
Thanks for your inquiry
If you are talking about a Life Insurance Death benefit, it is the amount on a life insurance policy, annuity or pension that is payable to the beneficiary when the insured or annuitant passes away. … Alternatively, a death benefit may be a large lump-sum payment from a life insurance policy.
Hope this information helps
Cheers,
Arnold
Please advise fly miles to date
Hi Hosking,
Thanks for your question.
Kindly note that we are finder.com.au, a financial comparison and information website and we don’t represent Emirates Skywards. As such, we can’t check your current miles/points balance.
You may check your Emirates Skywards balance by logging into your account on Emirates website. Under “My Account,” you can see your total balance.
Cheers,
Anndy
i am would like to ask with the prepay card is when the money runs does the card expiry or not. And will it allows other people to put money onto. Also does have a 3 pin number on the back of it like a credit card have.
Hi Warren,
Thanks for your question.
Prepaid cards have different expiration dates but mostly one to three years, regardless if it still has a balance or none.
Yes, you can load funds onto the account and spend up to the amount available on the card.
For the security of users, most prepaid cards have predefined PIN on the back of the card.
Cheers,
Anndy
Hi i have recently been made redundant i was earning bout 90k a year, now ive just started e new job earning less money and self employed im single and want to borrow around 250k, and ive got 20k deposit ready, is this job change going to affect me getting a home loan? as i really don’t want to rent another house again and my lease is running out soon
Hi Simon,
thanks for the question.
Moving from a job where you’re employed vs being self-employed may mean you will need to apply for a low doc loan rather than a regular full doc loan. A low doc loan allows you to self-verify the income you state that you make, and uses other evidence such as a letter from your accountant to help with the verification process. You can read more about them here.
I hope this helps,
Marc.
Can I be approved if I am receiving centrelink payments.
Hi Rebecca,
Thanks for your question.
This depends on the lender you apply with. For a list of lenders that will consider you for a loan while you’re receiving Centrelink payments, see this page. Once you’re ready to apply click ‘Go to Site’.
I hope this has helped.
Thanks,
Elizabeth