Home Loan Calculator
Using Home Loan Calculators are a great way to find out roughly how much you can borrow for your home loan. These online calculators allow the user to type in personal and financial details and the calculator works out the rough amounts depending on what you want to know. Some of the information that you can find out with home loan calculators include: How much your repayments will be How much you can expect to borrow How much will you save if you make extra periodic payments How much is stamp duty (if it applies at all i.e. you might be entitled to the first home buyers grant or some other concessions) With these questions in mind it is important to select the right calculator for your needs. There are hundreds of calculators available online and most banks, financial institutions and some mortgage broker websites give visitors free access to their online home loan calculators.
It’s important not to take what is calculated as 100% accurate. There are always other factors to be taken into consideration when working out how much you can borrow or how much your repayments are going to be.
The best decision on what home loan calculator to use should probably boil down to what country and what state you live in. For example if you lived in Western Australia, the best home loan calculator for you to use should probably be from Western Australia. This way you can be sure that all government incentives and rates are applicable.The First West Home Loans suite of calculators gives you the tools you need to give you an idea about your mortgage options. It is a great place to start for those looking at getting a home loan, regardless of whether you’re a first home buyer, investment buying, non-conforming buyer or just looking at refinancing. Remember: It is wise to take the figures quoted in the loan calculators as a rough estimate only. For accurate assessments contact an expert. Feel free to contact First West Home Loans to discuss your mortgage further, including getting the first home owners grant.