Fast Home Loan Calculator
Fast, Easy-to-Use Home Loan Calculators to Estimate Repayments, Compare Rates & Plan Property Finance. Estimate Your Home Loan Now!
This calculator comparison chart is provided for general reference purposes only. It is not in any way intended as a loan application, it is not a quote for finance or any indication that an application has been received or approved. The repayments quoted may not include all the fees and charges that may be applicable. The interest rates and the repayments displayed do not account for any conditions pertaining to your individual loan application. Therefore the interest rate and repayment you may be offered may vary from the amount shown.
How to Compare Interest Rates with Home Loan Calculators
The primary focus for most property buyers is to secure the lowest interest rate loan. But comparing rates based purely on the percentages advertised, can provide minimal significance for many buyers. Using our calculator, buyers can quickly change rates to repayments based on the amount a buyer requires to borrow, making the comparison process easier and more relevant.
Our calculator has been developed with the most up-to-date technology to ensure reliable, accurate figures are calculated. The calculator can provide repayments for loans with fixed and variable interest rates, over the finance term that that rate applies. What rates do you enter? Any rates you have sourced from across the market. We recommend using the latest rates we are achieving for your preferred loan product. We are extremely competitive in the property lending market and using our rates will provide a benchmark from which to compare others.
While the focus of buyers is to find the best interest rates, achieving that objective in Australia’s extensive property lending sector can be a challenge. We support buyers by finding them the right lender and those all-important best interest rates. We have access to over 80 lenders, which includes the major banks and many other significant non-bank lenders, to ensure we provide vast market coverage. Our brokers individually identify which lender is the best match for each customer, ensuring the best rates and the most suitable finance terms and conditions. Compare how competitive we are based on our latest rates and contact us for your specific best interest rate home mortgage.
- Quickly calculate repayment estimates to compare the rate market.
- Easily compare variable interest rates and fixed interest rate products.
- Access most competitive market rates, from 80+ lenders, through Yes Home Loans!
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Simplify and streamline your property finance search with our fast, easy-to-use calculator. Make sense of the large number of lenders and different rates in the property finance market. Calculate the numbers that have significance to your specific purchase – repayment estimates on the properties you are considering, at different lender rates.
Use your numbers to make comparing interest rates quick and easy. Make your own calculations to hone-in on your affordable house price range to ease the stress of buying a house. Simple steps using a buying tool incorporating the latest tech to deliver the functionality to carry out complex interest rate computations.
Calculate your own estimates to compare loan products, lenders, rates, prepare budgets to build a house, and evaluate house prices based on monthly loan repayments. When the numbers stack up, our expert mortgage brokers are ready to source you the most suitable loan with the most competitive rates.
Simple, Versatile Home Loan Calculators – Estimate All Types of Property Loans
Browsing property prices in the ‘for sale’ ads may provide only a minimal indication of property affordability for most buyers. Our calculator enables prospective buyers to quickly change those advertised prices to estimated loan repayments. Enabling quick decisions around affordability. Use the calculator to assess property prices for all types of residential dwellings, with either a variable or a fixed interest rate loan.
Loans are available for the construction of new houses and for carrying out major renovations on existing dwellings. Easily set your budget for the works by first working out your estimated loan commitments. Estimated repayments can also be calculated to purchase a house and land package. Vary the loan amount until the repayment figure is within your expectations to set your budget. If you already have a builder’s quote, use that amount as the borrowing figure to calculate the estimated loan repayments. Construction loans are available in a range of structures and repayment options to align with the building completion stages. Contact us to discuss the most suitable financing for your specific project.
When considering buying an investment property, use the calculator to evaluate the potential return when estimated repayments are taken into consideration. Compare estimated rental return with estimated finance repayments. Investment property loans differ from loans for owner-occupied dwellings. Higher rates but a lower deposit may apply. Use our current rates as a guide and discuss your investment objectives with us, to ensure we can secure you the most profitable solution.
Deposits are a very important consideration when applying for property finance. The standard requirement is for a 20% deposit. Some lenders do approve loans based on lower deposits – 5-10%. When a low deposit property loan is taken out, the borrower is required to cover Lender Mortgage Insurance. Another consideration is that a lower deposit loan may attract a higher rate due to the higher risk factor. It also increases the borrowing amount, compared with a 20% deposit loan. Speak with us about your prospects if requiring a low deposit home loan.
When a fixed rate loan is nearing the end of the term, or where a borrower seeks to secure a better loan, refinancing is required. This involves replacing the existing property finance contract with a new loan. Borrowers can consider their opportunities and options before approaching a lender, by generating repayment estimates with our calculator. The calculator may also be used to work up options for Home Equity Loans, where equity in the property is used as collateral. To speak with an expert in property finance about the opportunities we may offer, contact Yes Home Loans!
Assess Property Prices based on Home Loan Repayment Estimates
Browsing property prices in the ‘for sale’ ads may provide only a minimal indication of property affordability for most buyers. Our calculator enables prospective buyers to quickly change those advertised prices to estimated loan repayments. Enabling quick decisions around affordability. Use the calculator to assess property prices for all types of residential dwellings, with either a variable or a fixed interest rate loan.
Set Your Building, Renovating and House and Land Package Budget
Loans are available for the construction of new houses and for carrying out major renovations on existing dwellings. Easily set your budget for the works by first working out your estimated loan commitments. Estimated repayments can also be calculated to purchase a house and land package. Vary the loan amount until the repayment figure is within your expectations to set your budget. If you already have a builder’s quote, use that amount as the borrowing figure to calculate the estimated loan repayments. Construction loans are available in a range of structures and repayment options to align with the building completion stages. Contact us to discuss the most suitable financing for your specific project.
Evaluate ROI for Investment Properties
When considering buying an investment property, use the calculator to evaluate the potential return when estimated repayments are taken into consideration. Compare estimated rental return with estimated finance repayments. Investment property loans differ from loans for owner-occupied dwellings. Higher rates but a lower deposit may apply. Use our current rates as a guide and discuss your investment objectives with us, to ensure we can secure you the most profitable solution.
Compare Options for Low Deposit Home Loans
Deposits are a very important consideration when applying for property finance. The standard requirement is for a 20% deposit. Some lenders do approve loans based on lower deposits – 5-10%. When a low deposit property loan is taken out, the borrower is required to cover Lender Mortgage Insurance. Another consideration is that a lower deposit loan may attract a higher rate due to the higher risk factor. It also increases the borrowing amount, compared with a 20% deposit loan. Speak with us about your prospects if requiring a low deposit home loan.
Consider Opportunities for Refinancing, Home Equity Loans
When a fixed rate loan is nearing the end of the term, or where a borrower seeks to secure a better loan, refinancing is required. This involves replacing the existing property finance contract with a new loan. Borrowers can consider their opportunities and options before approaching a lender, by generating repayment estimates with our calculator. The calculator may also be used to work up options for Home Equity Loans, where equity in the property is used as collateral. To speak with an expert in property finance about the opportunities we may offer, contact Yes Home Loans!
Yes Home Loans' Practical Home Loan Calculators – Generate Useful Information for Property Buyers
- Compare property prices based on loan repayments.
- Calculate estimated repayments for all types of loans.
- Prepare home building and renovation budgets.
- Assess ROI on investment property finance.
- Evaluate options, opportunities based on realistic figures.
Easy 3 Steps to Use Our Home Loan Calculators
No special maths skills or expertise in lending are required to get your property loan repayment estimates using our calculator. It is a very simple 3 step operation. All you need is your borrowing amount which, as a guide, can be the house price less your deposit, the interest rate for the lending product that suits your purchase, and the term for which the rate is applicable.
Enter the figures relating to your loan into the designated fields in the calculator. When all fields are filled, the monthly repayment estimate based on those figures is displayed. To compare a different house price or a different rate, simply enter different figures. The calculator is extremely user-friendly and available online for 24/7 accessibility. Start estimating and make it 3 steps closer to home ownership.
- 3 basic steps to obtain home loan repayment estimates.
- Flexibility to change figures to compare rates, property prices.
- Convenient online access, use anywhere, anytime.
Next Easy Step – Secure Your Competitive Rate Home Loan with Yes Home Loans' Expert Brokers
After undertaking our 3-step estimating process, make it one more step to securing your property finance. Contact Yes Home Loans online or by phone, for one of our highly experienced brokers to find you the most competitive interest rate loan. We provide high-level expertise and high-level lender connections to source the best rates and structure property financing to best suit buyer expectations.
Our application process is straightforward with online and phone options available. Simply provide your details and the required financial documents, and we’ll handle the sourcing, process, negotiating and assist with settlement. Financing can be secured before deciding on a property to provide increased buyer confidence and a more efficient buying process.
Request a quote to take the next step or start your application with Yes Home Loans.
Most Frequently Asked Questions About Home Loans
I need to refinance a home loan. Can I calculate repayments with home loans calculators?
Yes. Estimates for all types of property financing can be calculated using online devices to use as a guide only. Repayments for refinancing may be estimated with a loans calculator by entering the interest rate and term applicable to the type of loan product required.
What is Lender Mortgage Insurance?
Lender Mortgage Insurance is a policy which lenders take out as a guarantee of recovering funds should a borrower default on their payments. This typically applies to loans with low deposits as the risk factor is perceived as higher without the standard 20% deposit. While the lender takes out the policy, the cost is charged to the borrower in lender fees.
How much deposit do I need to get a home loan?
The standard requirement for a deposit on an owner-occupier property loan is 20% of the purchase price. Loans can be obtained with lower deposits, and these can attract the additional cost of Lender Mortgage Insurance. Home Equity Loans are available for homeowners to use collateral in their properties as deposits. Investor property finance can require a smaller deposit than 20%.
What is a home loan calculator used for?
A property finance calculator is used to calculate estimates of loan repayments. These devices are provided by brokers, banks and lenders on their website to allow online accessibility. The devices are provided for general information purposes, with results to be used as a guide only. The results obtained with a loan calculator are typically used to compare interest rates, house prices and lending options.
Do home loan calculators generate repayments for investment property loans?
Yes. Investors can use a loan calculator to generate repayment estimates on investment property financing. Rates for investment property finance can be different from rates for owner-occupier dwellings. Investors should ensure they input the correct interest rate for investment property loans.
Can I use a home loan calculator with a variable interest rate loan?
Yes. Online a property finance calculator can be used to estimate variable interest rate loans. The estimate calculated would be applicable for the period that the rate entered applies to the loan. Should the variable rate for a loan change with lender rate changes, the monthly repayment would change.
How do I know how much I can borrow on a home loan?
The amount an individual borrower is approved for a property loan is determined by lenders when assessing the application. An assessment of the income and financials is undertaken by the lender.
Is there a maximum house price to calculate repayments using a home loan calculator?
No. There is no maximum house price which may be used to calculate repayment estimates using a property finance calculator.
Can I work out loans for house and land packages with home loan calculators?
Yes. Buyers can estimate finance payments for house and land packages using an online calculator, where both house and land is being financed in the same loan.
Let Yes Home Loans simplify the process by taking care of the complicated steps for you
