Mortgage Calculators
 |
Whilst every
effort has been made to ensure the accuracy of this
calculator the results should be used as indication
only. They are neither a quote nor a pre-qualification
for a home loan. |
Mortgage
Calculator - How Much can I borrow?
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.
Mortgage Calculator - How Long to Repay?
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.