![]() ![]() Warning: this comparison rate is true only for this example and may not include all fees and charges. *The Comparison rate is based on a $150,000 loan over 25 years. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Take note the calculator will estimate your borrowing power based on a fixed interest rate over a loan term.īuying a home? Compare some of the lowest home loan interest rates in the market using our table below:īase criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. Lastly you’ll need to fill in the details of your loan including the interest rate and the loan term. You’ll need to enter your overall day-to-day expenses, existing loan repayments and any other financial commitments such as insurance, additional superannuation contributions, and the combined limit of your credit cards and overdrafts. The calculator will ask you to provide all your income streams including your net salary before tax, rental income, and any other regular sources of income. There are three parts to this calculator: Annual income, monthly expenses and loan details.Īnnual income. If you’re not sure, just put an estimate. Your Mortgage’s borrowing power calculator considers a few important factors that can determine your borrowing capacity, or how much you would be eligible to take out on a home loan. How to use our borrowing power calculator
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