Use our online mortgage calculator to work out what mortgage your repayments would be. You can use our calculator to work out how much your new loan repayments would be, or you can work out the differences in repayment amounts if you refinanced to a lower mortgage interest rate.
To use our online mortgage calculator, all you have to do the following;
Enter the Home Value of the property
Enter how much Deposit you have and the Loan Amount will automatically be calculated
By default we provide an interest Rate, which you can change
The default Term is 30 years which you can change if you want to
We will work out the Monthly Payment
On Online Mortgage Calculator will help you work out the difference of what your home loan repayments would be at different interest rates, or how much interest you will pay over the term of a home loan. Try our calculator using different interest rates and different loan amounts.
If you are considering refinancing try and put your current loan balance, loan term and current interest rate, and work out how much interest you are going to pay. Then change the interest rate but keep the same loan term and balance and then you will be able to see what the interest difference is. Your decision should not be based on this calculation but it is illustrative of how interest rates affect how much you repay over the loan term.
If you would prefer to talk to a mortgage adviser, instead of using our online mortgage calculator, please contact us and we can work your repayments out over the phone for you.
Working out how much your mortgage repayment may be is one thing, and the next step is to get us to make a quick assessment to see if you would qualify with the banks we use. Complete our 5 minute quick assessment and we will personally assess how much you could borrow from our range of lenders.