Comparison Rate Calculator
Use our comparison interest rate calculator to determine the best home loan for your clients, taking into account the loan term, interest rate, and fees your clients’ budget requires
Get started with the Mortgage Borrowing power calculator
Buying a house can be daunting! With the best home loan rates, Mortgage Street can help you understand your financial situation and what is achievable for you. This makes buying your primary residence, forever home or investment property clearer and easier.
nvestigate your borrowing power and mortgage potential with each online Borrowing Power calculator. When you are ready for pre-approval or a new loan, contact your Mortgage Street mortgage broker.
Calculator
While online tools like home loan repayment calculators can provide a general idea of potential repayments, determining the most effective strategy to expedite mortgage repayment often requires a deeper understanding of specific loan products. Mortgage Street offers various features designed to assist borrowers in this regard, including:
Split Mortgages : These allow borrowers to combine fixed and variable interest rates within a single loan, offering flexibility and potential cost savings.
Interest-Only Loans : These loans enable borrowers to pay only the interest for a set period, which can be beneficial for managing cash flow.
Family Pledge Mortgages : This option allows a close relative to use the equity in their property as security for your loan, potentially assisting in securing a loan without a substantial deposit. Self-Managed Super Fund (SMSF) Loans: These loans enable individuals to use their SMSF to invest in property, including residential and commercial real estate, providing potential tax benefits and portfolio diversification.
National Disability Insurance Scheme (NDIS) Property Loans : These loans facilitate investment in properties specifically designed for NDIS participants, offering stable rental income and contributing to social impact.
Given the complexities involved in selecting the most suitable loan features and strategies, it is highly advisable for all borrowers to seek professional advice from their trusted, accredited mortgage broker. A qualified mortgage broker can provide personalised guidance, ensuring that the chosen loan product aligns with your financial goals and circumstances. They can also assist in navigating the various options available, potentially leading to more favourable loan terms and conditions.
Engaging with an accredited mortgage broker not only simplifies the decision-making process but also ensures that you are well-informed about the implications of different loan features, ultimately contributing to more effective and efficient mortgage repayment strategies.
When you are ready for pre-approval or a new loan, contact your Mortgage Street lending manager
Calculate Loan Repayments
Providing an idea on your home loan, calculator repayments offer home buyers an estimate of their mortgage repayment options.
User Friendly
With easy-to-use toggles, our Mortgage Repayment Calculator is the ideal tool for any home buyer.
Adjust Toggles For Variables
Change the interest rate, loan period, loan amount and loan type to see a multitude of different repayment options.
Get The Ball Rolling
Get excited about buying your home with real numbers on what your repayments will look like and how they will fit into your budget.
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Frequently Asked Questions
Making additional mortgage repayments on a monthly basis allows clients to consistently decrease the principal mortgage amount and pay it back quicker than the terms call for
• Decreasing the overall amount being spent on mortgage repayments over time, including saving money on interest
• Allowing a homeowner to build equity in their home quickly
• Decreasing the cost of monthly mortgage repayments scheduled by a mortgage broker
• Decreasing the amount of time, it takes a homeowner to pay their mortgage off completely
• The amount of time a client has before the expiration of their fixed-rate mortgage
• The amount a client’s interest rates have fluctuated since the beginning of their fixed rate mortgage term
• The amount a client is paying on their fixed-rate mortgage principal
A client does not have to choose between paying extra on their principal or making an extra repayment because anytime they decide to make an additional payment on their mortgage, the funds are allocated to the principal amount owed
A client can choose to make mortgage repayments through a large lump sum deposit, or smaller deposits spread throughout a year
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Mortgage Street focuses on what you and your customer needs.Submit a scenario now and we’ll help you every step of the way