Mortgage Calculators

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Using an online home loan calculator or mortgage calculator is the most convenient way to help you assess your mortgage payment options.  These home loan calculators are confidential and are provided free to assist you in assessing your borrowing needs and repayment requirements.

The information you enter into Better Choice Home Loans Calculators is not recorded, so your privacy and confidentiality is assured.  Click on the heading below to open the required calculator.

Important Note:  Whilst every effort has been made to ensure the accuracy of these calculators the results should be used as an indication only.   All calculators are a guide only and should not be considered a quote nor a pre-qualification for a home loan.

Borrowing Capacity Calculator
This calculator provides an estimate of the maximum you can borrow, taking into
account your monthly income and expenditure and current interest rates.

Loan Repayment Calculator
Enter the interest rate, the term and the amount you are borrowing to get the minimum
monthly repayment and the amount of interest paid.

EFM Loan Comparison Calculator
This EFM loan comparison calculator has been developed by the leading consumer
information company InfoChoice. 

EFM Appreciation Payment/Depreciation Allowance Calculator
This EFM repayments calculator has been developed by the leading consumer
information company InfoChoice.

Extra Repayment Calculator
As well as calculating the loan repayment and the total interest paid the extra repayment
calculator shows the effect of making regular additional repayments.

Lump Sum Repayment Calculator
Won Lotto!  This calculator shows the effect of making a Lump Sum repayment.

Loan Comparison Calculator
This calculator allows you to analyse two (2) different home loans and compare the repayments
and interest charges, ie compare a Variable Loan against a Fixed Rate Loan.