Home Loan Calculator

This Home Loan Calculator is one of the most basic of calculators to work out the repayments on your home loan. You will also be able to compare two home loans side by side, with different home loan terms and interest rates that a home loan lender will charge on your mortgage.

Home Loan Calculator
Using this home loan calculator is very easy. First enter the amount of the home loan and the home loan term.
Then enter the Interest Rate your home loan lender will charge. If you enter two loan terms, sa one with a term of 25 years, and one with a loan term of 30 years, the calculator will display the repayment of your home loan for the frequency you have chosen, and the total cost of the loan for each. The graph on the right will display the breakdown of principal and interest. You will be able to see the effect of having a shorter loan term will have on the total cost of the loan, and the thousands of dollars you can save by paying the loan off in a shorter time frame.

This Home Loan Calculator is also perferct for comparing two different Home Loan Lenders side by side. By selecting the relavent term and interest rate for each, you will be able to compare home loans from the different lenders, and see which lender will offer the best deal for you. It would also be a good idea to look at a Split Rate Home Loan, especially with the inevitable rise in Interest Rates, and the Stamp Duty Calculator to know what amount you will need to add to your home loan.

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Get the best Home Loan deal possible taking your circumstances into account.