This mortgage calculator measures borrowing capacity, for
up to two separate home loan applicants. There are a number
of other factors which influence how much you can borrow
(such as existing properties, other liabilities, projected
rental income for investment properties etc.) and so whilst
this can give you a rough idea of how much you can borrow,
you should ask your Capital West mortgage broker to calculate
an exact figure for you taking into account all other factors.
In the 'interest rate' section you will note that the manual input of a figure is possible, but we recommend you use the slider to the right.
If you would like a mortgage broker to contact you simply click the link at the bottom of the calculator. We'll be in touch with you shortly.
Mortgage Calculator - Basic Loan Repayments
This mortgage calculator is particularly useful for working
out how the term of your home loan will influence the total
cost of the loan.
Also of interest is the ability to change the repayment frequency. You can adjust the calculator to work out the difference weekly payments can make even for the course of one year. For example, by setting both columns to one year (with the same interest rate), but defining the columns monthly and weekly respectively, we see that simply by electing to pay your mortgage on a weekly basis you will save $583.95 in the first year.
Mortgage Calculator - Complete Loan Comparison
This mortgage calculator allows for a clear comparison
between two different mortgages, based on such varying facts
as interest rates, loan term, ongoing monthly fees etc.
and calculates the difference between the two home loan
products at the end of the loan term.
This calculator is also handy for working out the effect of a variation in only one factor, such as monthly fees, over a long period of time.
Mortgage Calculator - Extra Repayments
This mortgage calculator works out the difference in time it will take to pay off a home loan, based on making regular extra repayments. This can produce some very interesting results, which are represented in terms of how much you will save on interest payments, and how much sooner you will be able to pay off your mortgage by making regular extra payments.
This mortgage calculator shows the difference that varying interest rates and repayments can have on how long it will take to repay your home loan. When using this calculator you should bear in mind that some lenders will not allow you to make repayments over and beyond your minimum repayments, even if you have the extra money to be able to do this.
Mortgage Calculator - Lump Sum Repayments
This mortgage calculator will work out much money and time you can save on your mortgage, should you be able to make one or more lump sum repayments. If you play around with this calculator a little, then you will note that lump sum repayments made during the early stages of the home loan, can produce dramatically different results than those made much later.
Mortgage Calculator - Principal & Interest or Interest Only
This mortgage calculator is useful for making cash flow projections. It allows you to see what the difference will be in terms of your weekly, fortnightly, or monthly mortgage repayments, based on whether you have elected to pay principal and interest, or interest only.
Mortgage Calculator - Reverse Mortgage
This mortgage calculator works out your mortgage debt and equity, based on forecast capital growth in your property. When making any sort of prediction about capital growth, it is always best to err on the side of caution. Whilst this calculator doesn't allow for the input of negative capital growth, this is one scenario you should at least consider (no matter hw unlikely it is that your property will fall in value over a long period of time). If you are applying for a reverse mortgage, your Capital West mortgage broker will present you with a number of possible scenarios, including negative capital growth.
Mortgage Calculator - Stamp Duty
This mortgage calculator will work out the stamp duty payable in your given state or territory, based on the purchase amount. You will notice that to the right are links for First Home Owner Grants in each state. You will notice that in quite a few states, the stamp duty payable will differ depending on whether you are purchasing an investment property, or a property to live in yourself.
Mortgage Calculator - Split Loan
This mortgage calculator will work out the total cost of a loan, based on fixing the interest rate for a certain period. This is also graphically represented on the right hand side, in terms of the principal amount as well as interest.
Mortgage Calculator - Tax
This calculator will work out both the tax payable and your wage expressed in terms of a Net Annual Income. This estimate does not include any applicable Medicare Levy, Medicare Levy surcharge, Higher Education Contribution Scheme (HECS), or Student Financial Supplement Scheme (SFSS) liabilities.
Mortgage Calculator - Car Lease
By entering the purchase price, residual, interest and loan term, this calculator will work out both the monthly payments as well as the total cost of a car lease.