![]() ![]() You will need to satisfy your lender's lending criteria. Using this calculator does not guarantee you will be eligible for a loan.You may wish to consider getting advice from a licensed finance professional. This mortgage calculator will help you find out how much you can save by switching your mortgage to a different lender or mortgage type. Variations from this assumption may mean that the actual interest rate you get offered is higher. But this is a rate that assumes you have good financials and at least a 20 deposit. It is preloaded with the bank average 2 year interest rate. ![]() This calculator is not intended to be your sole source of information when making a financial decision. There are two identical calculators here, allowing you to compare one scenario with another.The graph displays the periodic repayments for an interest-only loan and the repayments for a comparable principal and interest loan with the same amount borrowed, interest rate, repayment frequency and fees as the interest-only loan.Initial inputs will be displayed on the left hand side of the calculator.Mortgage prepayment charge calculator Pay off your mortgage faster. See how changing your payment frequency and making prepayments might help you save on your interest cost over the life of your mortgage. This calculator applies to loans which have an interest-only period, then for the remaining period of the loan, both principal (amount borrowed) and interest are repaid. Mortgage payment calculator Calculate how much your mortgage payments could be. ![]() You can adjust the home price, down payment and mortgage terms to see how your monthly payment will change. This guide focuses on interest only mortgages for residential property. Once your interest only mortgage ends, you will be required to pay off the capital amount as a lump sum of money. Calculate property and car park mortgage repayment amount with changeable mortgage interest rates under monthly and fortnightly plan for comparison on the mortgage loan interest saved and shortened repayment period.
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