Mortgage Free Calculator

When will you be mortgage-free?

Mortgage Free Calculator

Use the mortgage calculator to instantly calculate your mortgage payments.

When banks calculate what you can afford to borrow which is known as your borrowing power, they use additional criteria and an alternative interest rate known as a ‘test interest rate’. To discover your borrowing power and more use our mortgage snapshot.

INSTRUCTIONS:

Loan Amount:

Enter the loan you are considering getting. The house purchase price less your deposit.

Rate:

Enter your expected interest rate. To find out roughly what rate you could get, book a 10-minute call with an advisor.

Term:

Enter the number of years you want your mortgage to be paid off over.

Loan Type:

Principal & Interest loans are structured so you pay the interest and the total mortgage down, interest only loans you are paying interest only so your mortgage balance remains static.

Payment Frequency:

We suggest to pay your mortgage fortnightly.

Try Our Other Calculators

How much can you borrow?

Realistic estimate based on your income, expenses and deposit, before you talk to a bank.

See your borrowing power

What will your repayments be?

Map out your weekly, fortnightly, or monthly cash flow impact across different interest rate scenarios.

Optimise your cashflow