How Long to Repay Calculator
Your clients may estimate how long it will take them to pay off their mortgage by using this calculator
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.
Investigate 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
Important Disclaimer: This is intended as a guide only. Details of terms and conditions, interest rates, fees and charges are available upon application. Mortgage House’s prevailing credit criteria apply. Please note that your actual fortnightly repayment would be equal to the monthly repayment amount divided by two. Weekly repayments would equal the monthly repayment amount divided by four. If you choose to pay fortnightly or weekly, your actual repayments will be higher than repayments shown on this page. You can reduce the term of your loan if you choose to make repayments fortnightly or weekly. We recommend you seek independent legal and financial advice before proceeding with any loan.
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.
If a client doubles their mortgage payments and has a 30 year loan, they could pay off their mortgage in less than 10 years
Yes, a mortgage offset account is a type of transactional bank account that allows clients to make deposits that will offset the existing balance of their mortgage
• Clients may damage their credit scores because they lose credit when a mortgage is paid in full
• Clients will not receive mortgage interest tax deductions, which will increase their amounts of taxable income resulting in higher amounts of taxes being paid
• Depending on the mortgage broker, clients may face mortgage prepayment penalties, which are charged by a broker when a client pays their mortgage off too early
Yes, the repayments will be made at a higher frequency, resulting in time and money being saved on paying a home loan in full
Yes, it is possible but will not be attainable for everyone due to the high amount of funds required, including a cash flow of up to $80,000