The results from this calculator are an approximate guide only and do not constitute specialist advice. Rates and repayments are indicative only and subject to change. Loan repayments are based on the lowest interest rate (either standard variable or 3-year fixed rate, owner occupier) from our lender panel over a repayment period of 30 years. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.ĭisclaimer - Borrowing power: The borrowing amount is a guide only. The results from these calculators are an approximate guide only and do not constitute specialist advice. Our mortgage brokers will sit down with you to discuss the right loan period for your circumstances and help to evaluate hundreds of loans from a wide choice of lenders to find the option that suits your needs. Check out our fortnightly repayments calculator or get in contact with a Mortgage Choice broker to find out how repayment frequency can impact the length of your loan. Keep in mind that the more frequent your repayments, the more interest you are likely to save over the life of your loan. This calculator requires you to input your home loan amount and your repayment frequency - monthly, fortnightly or weekly - to calculate the estimated length of your loan. ![]() Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.You’ve done your research regarding how much you can afford to borrow and what you want to buy, but you want to know how long it will be until you see the light at the end of the tunnel? Purchasing a home is a substantial commitment and our mortgage time calculator can give you an estimate of how long it will take you to be mortgage-free. Different amounts and terms will result in different comparison rates. WARNING: This comparison rate applies only to the example or examples given. This may mean you pay more interest over the life of the loan. During an Interest Only period, your Interest Only payments will not reduce your loan balance. For fixed Interest Only loans, comparison rates are based on an initial Interest Only period equal in length to the fixed period. ![]() For variable Interest Only loans, comparison rates are based on an initial 3 year Interest Only period. The Target Market Determination (TMD) for products is available on request.Ĭomparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. Lending criteria, terms & conditions, fees & charges apply. Fees and charges are payable.Ĭredit products issued by Police & Nurses Limited (P&N Bank) ABN 69 087 651 876 AFSL/Australian Credit Licence 240701. Terms and conditions apply and are available on request. Lending criteria applies to the approval of credit products. ![]() Information such as interest rates quoted and default figures used in the assumptions are subject to change. Individual institutions apply different formulas. Results do not represent a quote or pre qualification for a loan. The calculations do not take into account any product features or fees and charges that may be charged to your loan or fees such as Lenders Mortgage Insurance, which if applicable will add to the cost of your loan and repayments. Figures provided are for illustrative purposes only and are based on the information provided. The results from this calculator should be used as an indication only.
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