Loan Calculators
A contract between the money lender and the borrower receiving the principal amount is called a ‘loan’. The amount borrowed by the borrower needs to be paid back in the set stipulated time.
How can our calculators help you?
As the loan is for long durations, a loan calculator is designed which calculates the exact monthly installments to be paid in order to repay the entire borrowed amount. There is a provision to enter the loan amount, the loan tenure and the interest rate. Once you fill in these details the loan calculator will give you the exact monthly instalment. There are various kinds of calculators that have been designed to ease out the loan calculations. If you contact the mortgage broker they would explain these calculators easily.
What are the types of calculators that we provide?
BORROWING CAPACITY CALCULATOR
Based on your present income you can now determine how much amount can be borrowed by the banks. To discover this, you need to put in the figures in the borrowing power calculator. This calculator will present you the borrowing power after doing the math.
STAMP DUTY CALCULATOR
While you are looking to purchase any property in New South Wales, you have to pay a certain value as the Government Cost for any first hand home, owner occupied property or an investment.You can check for any kinds of Exemption, Concessions or Grants on the NSW Stamp Duty Calculator.
EXTRA REPAYMENTS CALCULATOR
It is a very common fact that by making repayments extra on your home loan, car loan or personal loan, you will be free from the debt faster. Using the mortgage extra repayment calculator, you can anticipate how much money and time can be saved on the home loan.
INTEREST ONLY MORTGAGE CALCULATOR
If you are looking out to buy an expensive property then this interest only loan would be a greater option.To make this easier for you, there is this interest only mortgage calculator which will give out the interest levied and also the monthly installment amount during interest only period.
LUMP SUM REPAYMENT CALCULATOR
Generally a home loan tenure is for 25 to 30 years in which you will have to keep making regular repayments and also the interests accordingly.You can choose to repay a lump sum amount in between the loan tenure. The impact of this repayment is calculated by the lump sum repayment calculator.
LOAN REPAYMENTS CALCULATOR
Loan repayments calculator will ensure that you know exactly how many months you ought to pay the loan installment and how much in precise. This would make it very easy for you to arrange and keep the amount ready.
COMPARISON RATE CALCULATOR
Comparison rate is very important although you know the interest rate. There are chances that the interest rate might be lower than the rest of the loan lenders, but the other charges like the ongoing fees or additional charges might be more.The comparison rate calculator is programmed with the required formula for comparison.
HOME LOAN OFFSET CALCULATOR
You can use this home loan offset calculator to know the offset amount in your account.If you can accumulate a good amount of offset value, then it will be very easy for you to pay off the loan swiftly.
INTRODUCTORY LOAN CALCULATOR
An introductory home loan is a loan which the lenders offer at a reduced interest rate terming it as introductory which lasts for a year or two.This rate of interest is significantly lower than any of the other lenders rate of interest in the whole market. This is what attracts the borrowers. An introductory loan calculator will help you with this.
MORTGAGE SWITCHING CALCULATOR
Many Australians would feel that switching mortgages is a very simple procedure, as all you need to do is compare the interest rates on home loans. But, other factors like the introductory rate , ongoing fees, set up fees and also the track record of the lender on maintaining cost effectiveness also comes into play. You can use a mortgage switch calculator to understand better.
COMPOUND INTEREST CALCULATOR
HOW LONG TO REPAY CALCULATOR
LEASING CALCULATOR
PROPERTY SELLING COST CALCULATOR
Generally, you would knowingly or unknowingly spend a minimum of 5% of the contract price on various things like the additional charges, duties and fees. The property purchase calculator will help you calculate all the additional costs.
