Home Loan Calculators

Before you start looking for the right home loan, you should seriously consider planning ahead with our home loan calculators.

This can start with finding out:

  • How much your repayments would be on a home loan
  • How much you might be able to borrow
  • Where your money is going.

Here is a list of home loan calculators you can use to better manage your financial situation and cash flow:

Calculate your Borrowing Power – You can use this calculator to give you a good estimate of how much you may be able to borrow.

Loan Repayment Calculator – By choosing between monthly, fortnightly or weekly payment frequencies, you can calculate what your regular minimum repayments will be on your home loan.

Extra Repayments Calculator – This easy-to-use calculator will enable you to quickly calculate:

1. How long it will take for you to pay off your home loan if you made extra repayments;

2. How much money you can save by making extra repayments; or

3. How much you can save on your home loan by making large lump sum payments (i.e. from a windfall or inheritance, etc.)

Income Annualisation Calculator – There are often situations when you may need to perform income annualisation calculations on income that has been accruing for less than a full year. This is a calculator to work out what your income will be over a 12 months based on YTD figures.

Loan to Value Ratio (LVR) Calculator – The LVR calculator allows you to calculate the percentage value of the loan amount to the value of your property. You can obtain the Loan to Value Ratio by simply typing in the following amounts:

1. Your loan amount; and

2. Your property value.

Other useful calculators available are:

Stamp Duty Calculator – This calculator will work out how much stamp duty you will need to pay.

Income Tax Calculator – This calculator will calculate your after-tax income (i.e. your net income). It will help you to know:

1. How much of your net income you can allocate towards buying a property.

By having a look at these calculators, you will notice that most of them will only require you to type in a few numbers such as:

1. How much your mortgage is;

2. The nominated interest rate; and

3. The nominated loan term (in years).

The “borrowing power” calculator and the “income tax” calculator will require you the following things:

1. Your income; and

2. Your current expenses (i.e. your monthly loan repayment expenses and your credit card limits).

Finance Me helps Australian home buyers in making an informed decision no matter your credit profile. We not only provide low-rate home mortgage finance but also enable you to calculate your borrowing power with our simple Home Loan Calculators.