Use this calculator to compare two different home loan options of same lender or different lenders. This calculator can take in account of upfront fees & introductory rate as well so you will get a clear & accurate picture of which loan option is better & how much you could save in interest over the loan term. It will also give you a breakdown of your cumulative payment & interest you could save year by year.
Would you prefer expert to compare hundreds of loan products from over 25 lenders including Big 4 banks & explain this in detail for you. Please feel free to fill in one of our contact us form or call us on 1300 551 334. One of our experienced finance brokers will happily assist.
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Frequenly Asked Questions
What are the requirements
for getting a home loan?
Maximum loan you can borrow is 97% of property value. So you will need 3% of purchase price plus costs. e.g. Stamp Duty, Lenders Mortgage Insurance, Bank Fees, Legal Fees etc. Find out in Detail>>
Every lender & bank has their own borrowing capacity calculator. Which will take account of your income, living expenses, credit card limits & all other financial commitments to
calculate how much maximum they can lend you. Find out in Detail>>
How much money can I borrow
from the bank?
How much money should I have in the begining to buy home?
Generally speaking, regular income, good credit history & enough saving for 3% deposit of purchase price plus costs e.g. stamp duty, lenders mortgage insurance, legal fees etc. is the key requirement to get a home loan approved. Find out in Detail>>