Home Loan Calculator

If you’re in the market for a home loan, then you’ve come to the right place because at RateCity you can search, compare and even apply for some of the best available mortgages all through the one site. We have loads of great tools and information about applying for the best home loan for you, including news, articles and even a simple to use home loan calculator.

Our home loan calculator lets you work out how much you can comfortably afford to borrow. All you have to do is enter the amount you wish to borrow and the interest rate into the home loan calculator. You’ll then be quoted a monthly repayment figure as well as the total financial cost of the home loan.

Using the home loan calculator you’ll also be able to see the impact of making additional repayments on your home loan. For example, if you were using the home loan calculator to price up a $300,000 home loan at a rate of 6.5 percent you’d be able to determine that repayments might be around $2000 per month. By adding an extra $100 per month, however, you could potentially save more than $38,000 over the life of the loan and be mortgage free almost 3 years sooner! It’s a great motivator to help you get on top of your finances!

For your convenience we’ve also added home loan calculators to every individual home loan page – so if you’ve found a great loan that suits your needs you can work out repayments and all the really important information without having to navigate away from the page!

But don’t take our word for it, jump on to the home loan calculator page now and see how much money you could be saving by switching to or applying for a great home loan today!