Some things to take into account when using this calculator:

  • The rate advertised on a lender’s website (called their ‘carded rate’) may be higher than what we can negotiate for you when you apply.
  • Many banks advertise different rates based on different Loan-to-Value ratios (LVR). Make sure the rate you are entering factors this in, if applicable.
  • The ‘standard’ loan term for a home loan is 30 years but you can elect to shorten this term
  • The ‘Total Interest/Fees Payable’ calculation is based on you paying only the minimum required repayment over the full loan term input

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