Mortgage Calculator

Spread over the long 25 to 30 year life of a home loan, small differences in interest rate and repayment amounts can make a huge difference in the total cost of a loan.

The ASIC MoneySmart  mortgage calculator lets you compare different loan scenarios and shows you the total impact on your mortgage of any change in interest rate, payment amount or payment frequency. It can also estimate the size of loan you might be able to afford based on certain repayment and interest rate amounts.

Using this tool to explore all kinds of mortgage situations and understand the pros, cons and pitfalls of various home loan strategies will see you making better informed decisions.