What does your home loan calculator tell you?

Home loan calculators are an excellent way to start your foray into property – how much can you borrow, what would this make the repayments, what if I pay a little extra.

The borrowing capacity calculator gives you a very average output on what you could borrow – very average, and we can work with you to finesse it.

  • Simply put all of your income in,

  • All of your repayments and ongoing expenses

  • Number of dependants

And press go!

Now this figure represents the average maximum figure it could be possible for you to borrow, by no means does it suggest that this loan will suit your budget, that’s an easy conversation with your broker.

And this starts with looking at what the repayments will be.

Pop in the loan amount, an average interest rate and a 30 year term and this is roughly what you can expect, of course this doesn’t allow for special discounts that your broker should be able, and, it also doesn’t allow for market movements, and its important to consider what the repayments will feel like if interest rates rise.

And while we are playing what if, the third handy calculator shows you the potential interest savings if you are able to pay a little extra.

The power of making weekly or fortnight repayments is amazing, and if you can sacrifice a little more you have the potential to save years and tens of thousands of dollars in interest.

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Two Red Shoes Copyright © 2020 All rights reserved. Call on 02 9002 0380, 0404 494 929, email us  or 'old school' fax 02 9002 0381

Jarrett Group Pty Ltd atf Jarrett Group Discretionary Trust trading as Two Red Shoes hold Australian Credit Licence No: 428614 and are members of an external dispute resolution scheme. Details of our complaint resolution process can be found here or please see our credit guide. All information contained on this site is general information only, and does not take into account your particular financial situation or needs. You should consider your personal objectives, financial situation along with the recommendations of your trusted advisors.

Sydney mortgage broker operating in

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  • Hawkesbury

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  • NSW Central Coast too!