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Learn about investor home loans

Whether you're looking at buying your first home for investment, or already have an investment property under your belt, if you want to invest in property, you’ll likely need an investor loan. These home loans for investors (who plan to make money from the property) are different to home loans for owner occupiers (who plan to live in the property).

A mortgage for investment purposes can provide a range of benefits in the right circumstances, including flexible payment options that can help you enjoy capital growth, rental yields and tax advantages.

Of course, like any investment, there are also risks involved when investing in property. You could have trouble attracting tenants, your property could be damaged, or property values in your area could stagnate or decline.

It’s important to compare different investment loan products before you make an application, so you can see which rates, fees, features and benefits may best suit your needs. You may also want to contact a mortgage broker or financial adviser to work out the best property investment strategy to meet your goals.

What is an investor loan?

An investor loan is a type of mortgage, with features and benefits that can help investment borrowers achieve their financial goals for the property.

Some popular features of investment home loans include: 

  • interest-only repayments
  • fixed interest rates
  • extra repayments
  • redraw facilities
  • offset accounts

While investor loans are often more flexible than loans for owner occupiers, they also often charge slightly higher interest rates and/or fees. 

What's the difference between a regular mortgage and an investment mortgage?

Investor home loans are more likely to have features and benefits that property investors may find useful, such as an offset account, additional repayments, a redraw facility, or the option to make interest-only repayments for a limited time. However, they’re also more likely to charge higher interest rates and fees and require tighter lending criteria.

Lenders typically view investors as risker to loan money, which may result in higher ongoing costs. This is because most banks feel that investors are more likely to take financial risks to help maximise returns on their investment (whether through rental yields or capital growth) and are therefore more likely to default on their loans. 

Many banks also feel that because an owner occupier is motivated to keep a roof over their head, they’re more likely to keep up with their repayments and less likely to default on their loan. This means that owner occupiers may be offered lower home loan interest rates than investors.

What does an investor need to do to get a loan?

The process of getting an investor loan is broadly similar to getting a home loan as an owner occupier – you fill in similar forms and provide similar information about your income, expenses, assets and liabilities.

However, there are some important differences between applying for investment home loans and applying for owner occupier home loans to be aware of.

Just like when you apply for an owner occupier home loan, you’ll need to pay a deposit on an investor mortgage. However, it’s often harder to find low-deposit investor loans, and much more likely that you’ll need to pay an upfront deposit of 20 per cent or more of the property’s value as part of the eligibility criteria. This deposit can be covered by your savings, or by the value of equity you own in a property. Investors may also have to pay stamp duty, depending in any exceptions or concessions in your state, so keep this additional cost in mind. 

Investors will need to provide evidence that they earn enough income from their employment to cover the cost of mortgage repayments. Other sources of income, such as rents from other investment properties, may only be partially included when calculating your income, as these income streams are typically less consistent than your wage or salary. Most banks will not include the income you hope to receive from rent on your investment property, as they’ll want to be confident you can still afford the loan even if the property is untenanted for any reason.

You’ll also need to provide details of any other debts or lines of credit, such as car loans or credit cards. Because banks often consider investment home loans to be riskier than owner occupier home loans, your lender may pay close attention to these potential liabilities, which could affect your borrowing power as an investor.

How do investors get the best rates?

Getting the best interest rate as a property investor often requires you to demonstrate that you’re a reliable borrower. The less risk you represent to a lender, the more likely you are to be offered a lower interest rate on your mortgage. This is also true for owner occupiers.

The larger a deposit you can afford on your mortgage, the more likely you are to be offered a lower interest rate. If you already own another property, you may be able to use your equity in place of saving up a deposit.

You’ll typically need to pay a deposit of 20 per cent or more of the property’s value. Any less than this, and you’ll need to pay for a lender’s mortgage insurance (LMI) policy, or get help from a guarantor to secure your mortgage with the value of equity in their own property. This is sometimes called having a loan to value ratio (LVR) of 80 per cent or less. 

It’s important for property investors to compare investment loans from different lenders, instead of just sticking with their current bank. There are many banks and mortgage lenders to choose from, each with a variety of investor loan options to consider. You may be surprised by the rates that are available from different lenders.

The more features and benefits a home loan offers the higher its interest rate may be. While an investor loan with options such as interest-only payments and an offset account may appeal to you, you may also find that a more basic “no frills” investment loan with a lower interest rate offers you more value.

A mortgage broker may be able to help you find lower investment home loan rates. Some brokers have access to exclusive mortgage deals that aren’t normally advertised and can negotiate with lenders on your behalf to help you get an even better deal for your financial situation.

Fixed interest rates for investment property loans

Investment property buyers can choose between fixed or variable interest rates.

  • A fixed interest rate allows you to lock in a set repayment amount for a set period of time – usually between 1 and 5 years.
  • A variable interest rate may be changed by the lender to better suit the current economy, meaning your mortgage repayments could increase or decrease.

So which is the best option? It depends on your circumstances and preferences.

  • A fixed interest rate may keep your repayments stable for simpler budgeting, though you may miss out on interest savings if the lender lowers its variable rates, such as if the RBA cuts the cash rate.
  • A variable rate home loan may save you money if rates fall, though your minimum repayments could end up increasing if rates rise. Also, variable rate loans may offer flexible home loan features, which could help you better manage your repayments and potentially save money on interest charges.

If you want to keep the budgeting on your investment property simple, you may want to consider an investment home loan with a fixed interest rate. There are often a range of fixed rate home loan options to choose from, including one-year, two-year, and three-year fixed rate loans. Once this fixed rate period ends, the loan will revert to a variable interest rate.

Fixing your interest rate means that even if the lender hikes or cuts rates on its variable home loans, your loan repayments will remain the same for a limited time. These consistent repayments can help keep your budgeting simple, and you may save some money in interest charges if your lender raises variable rates. On the other hand, it also means you could miss out on some interest savings if your lender instead chooses to cut variable rates.

What are the potential rewards of property investment?

Return on investment

The ultimate goal of investing in real estate property is enjoying a return above the original investment, and therefore increasing your cash flow. There are two main ways to achieve this:

  1. Rental property income: The money your tenant pays you, usually on a monthly basis, to live in your property. Also known as earning a passive income.
  2. Capital growth: The increase in value of your property over time. If your property sells for more than what you bought it for, you have achieved capital growth.

For example, if you bought a unit for $600,000 and later sold it for $750,000, your capital growth would be $150,000.

Less volatility

While no investment is ever 100 per cent safe, the property market is generally less volatile than other investment options, such as the share market, which can rapidly lose value due to circumstances beyond the investor’s control.

Property transactions are also generally slower than share market transactions, so they can be more carefully considered.

Intergenerational wealth transfer

Some families make property investments in order to bestow wealth to their beneficiaries through these bricks and mortar assets.

Tax benefits

Property investors may be eligible for a number of tax benefits, including capital gains discounts, capital gains offsets, deductions for repairs and maintenance if and when the property is tenanted, and negative gearing tax deductions, all of which can affect your taxable income. Contact the ATO and/or a tax accountant to learn more.

What are the risks of property investment?

Negative capital growth

Not all property markets rise and there is a risk that your investment may not yield the results you expect. This risk may be more pronounced in areas that are exposed to boom and bust sectors, such as mining, and property prices may not yield a positive result.

Costs outweigh return

Sometimes property investors have to spend a lot to prepare their investment property for tenants, or to help improve the property’s value for sale. These costs may include maintenance costs, and could outweigh the return you receive on your investment if they do not improve the property’s capital growth or rentability.

Unable to sell or lease

If your investment property doesn’t appeal to buyers or renters, you may not receive a return on your investment. Vacancy rates can have a serious impact on property investing, and may see a big difference in the results when real estate agents are unable to find tenants who can supply you with rental income.

Where should I invest?

Unlike when you buy a property as an owner-occupier, an investment property does not have to match your taste or even be located in an area where you’d like to live. However, there are other factors to consider, including:

  • Growth factors: Have property values in the local area increased or decreased in recent years? While past performance does not guarantee future performance, this can give you a better idea of what you could expect from your investment.
  • Economic factors: Is the property located in an area exposed to one industry? If so, is that industry growing or declining?
  • Social factors: Is the area appealing to potential renters? Does it have good public transport infrastructure? Is it close to schools and medical facilities?

Can investors get interest-only home loans?

Paying only the interest charges on your home loan appeals to many property investors. This repayment type can help keep your monthly costs down, relieve pressure on your finances, and help make your budgeting a little bit simpler. 

You can typically only make interest-only mortgage payments for a limited time before the loan reverts to principal and interest repayments. Once your loan reverts to paying principal and interest, your repayments will cost more from month to month. And once you’ve fully paid off the loan amount for your investment property, you’ll have paid more in total interest on the loan than if you’d been on a principal and interest loan from the start.

Some property investors use interest-only home loans to deliberately avoid paying down their home loan principal, as they’re not really interested in owning the property outright one day. Instead, they minimise their mortgage payments to maximise their rental yield in the short term, and wait for the property to increase in value over the long term. This capital growth may allow the investor sell the property for more than they bought it for, or they could use the equity to refinance their mortgage, or even apply for a second loan on another investment property.

There are risks involved with interest-only loans, especially when they’re used to pursue a property investment strategy. Consider contacting a mortgage broker before you enquire about an interest-only loan.

Positive and negative gearing the right property

If you earn more in rental yield and/or capital growth from your investment property in one year than you spend on interest payments and maintenance, your investment property is positively geared. Similarly, if you spend more money on an investment property than you earn from it in a year, then your investment property is negatively geared.

Positive gearing means you’re making money from your investment property whether it's a short-term or a long-term investment. Of course, this also means paying taxes on this extra income. Negative gearing means you’re losing money on your investment property. However, because this effectively reduces your annual income, this can affect how much tax you’ll pay. 

If you sell a capital asset, such as real estate or shares, you usually make a capital gain or a capital loss. This is the difference between what it cost you to acquire the asset and what you receive when you dispose of it. Keep in mind that if you decide to sell the property, and you made a capital gain on this asset, you will need to pay capital gains tax.

Some investors deliberately pursue a negative gearing strategy to enjoy the tax benefits in the short term, while waiting for the property’s long-term capital growth to one day make up for their losses. However, this can be risky, as there’s no guarantee that a property will increase in value – if your investment’s value stagnates or declines, you’re basically just losing money. Also, the Australian Tax Office (ATO) regularly updates tax laws, which may affect the effectiveness of any negative gearing strategy.

How often should property investors check their rates?

An investment home loan isn’t something to simply set and forget. Even if you don’t get the best home loan available when you first buy your investment property, you’ll still have the option to refinance your loan in the future. This may let you get a lower interest rate, access more useful features or benefits, or switch to another lender whose customer service you prefer.

You can check your home loan interest rate and compare alternative options in the market as often as you like, though you don’t need to stress about it daily. There are no rules around how often a borrower should look into refinancing their home loan, though previous studies have found that many Australians look seriously at refinancing after five years.

If you couldn’t afford a 20 percent deposit when you first bought your investment property, and had to pay LMI or get help from a guarantor, you may want to wait until you’ve built up at least 20 percent equity in your property before you think too hard about refinancing. Having equity available means you won’t have to pay LMI a second time (refinancing effectively means taking out a new loan, and LMI is not transferable), and having 20 percent equity or more as security may make it easier to qualify for lower home loan interest rates.

You may want to check if your interest rate is still competitive when there are changes in Australia’s economy, such as when the Reserve Bank of Australia (RBA) adjusts the nation’s cash rate. It’s also often worth checking your rates when your lifestyle or finances are changing, such as if you change jobs and income, or if you have children. A change to your circumstances often means a change to your finances, which may mean your interest rate also needs to change.

Keep in mind that when you refinance your investment loan, you may need to pay fees and charges when you switch lenders. It’s important to compare the cost of refinancing to the potential value you could enjoy from lower rates and see how long it would take for the savings to outweigh the costs.

How to compare investment loans

To compare mortgages for investing in property at RateCity, start by looking at one of our rate tables. To make sure you’re only seeing home loans that are suitable for investors, select that you’re looking for a loan to invest in property, or open the Filters and select that you are an Investor.

The rate table will show you a selection of investment home loans, starting with those that have an option to View Now or Enquire Now, putting you directly in touch with the lender. To see even more investment mortgage choices, use the Filters and select Include All Products.

You can use the Filters to further narrow down your search options, such as by entering:

  • how much you intend to borrow;
  • the value of the property;
  • your preference between a fixed or variable interest rate;
  • your preference between principal and interest or interest only repayments,
  • your location, and;
  • what home loan features and benefits you’d like to see included, such as offset and redraw.

Once you’ve filtered the table to show a shortlist of mortgage lenders, you can compare their interest rates, fees, features and benefits side by side. The comparison rate combines the cost of a home loan’s interest and standard fees, to give you a better idea of its potential overall cost. You can also check the Real Time Ratings™, which combine a loan’s cost and flexibility into a simple star rating.

If you find a mortgage offer you’d like to apply for, you can click View Now or Enquire Now to instantly contact the lender, or More Info to read through its details. You can also contact a mortgage broker who may be able to help you choose a suitable home loan, manage the application process, and more.

Frequently asked questions

What is an investment loan?

An investment loan is a home loan that is taken out to purchase a property purely for investment purposes. This means that the purchaser will not be living in the property but will instead rent it out or simply retain it for purposes of capital growth.

Do first-time home loan applicants qualify for tax benefits?

If you’re a first-time homebuyer applying for a home loan, you could qualify for some tax deductions, but only if your property is a source of income for you. For instance, if you rent out the property, you could get tax deductions on the cost of constructing or renovating it, the loss in value of depreciating assets such as furniture or electrical fixtures, and the home loan interest. 

Homeowners using their property as a residence could also get a tax deduction if a part or all of it is used for business. These deductions include tax write-offs for depreciating assets and deductions for operating expenses like utilities’ payments and service charges for phones and the internet. However, people running businesses from their residences don’t qualify for a tax deduction on the interest paid on their home loans.

Is a second mortgage tax deductible?

If you take out a loan to invest in a property, you can claim a tax deduction on the interest you pay as long as the property is earning income. In other words, if you rent the property for the entire year, you can claim a tax deduction for 12 months of interest payments. But, if you use the home for six months and rent it for the other six months, you can claim deduction only for 50 per cent of the interest amount.

You also get tax benefits for items that lose value over the years. But, the entire amount is not allowed as a tax deduction in the same year; instead you’ll have to claim a portion each year over a number of years. 

Additional borrowing costs, such as maintenance fees, stamp duty, offset account setting up fees, Lenders Mortgage Insurance (LMI), and establishment fees, can also be claimed as tax deductions.

Before you claim second mortgage tax deductions, it’s often worth checking with an experienced tax expert.

What is a secured home loan?

When the lender creates a mortgage on your property, they’re offering you a secured home loan. It means you’re offering the property as security to the lender who holds this security against the risk of default or any delays in home loan repayments. Suppose you’re unable to repay the loan. In this case, the lender can take ownership of your property and sell it to recover any outstanding funds you owe. The lender retains this hold over your property until you repay the entire loan amount.

If you take out a secured home loan, you may be charged a lower interest rate. The amount you can borrow depends on the property’s value and the deposit you can pay upfront. Generally, lenders allow you to borrow between 80 per cent and 90 per cent of the property value as the loan. Often, you’ll need Lenders Mortgage Insurance (LMI) if the deposit is less than 20 per cent of the property value. Lenders will also do a property valuation to ensure you’re borrowing enough to cover the purchase. 

Cash or mortgage – which is more suitable to buy an investment property?

Deciding whether to buy an investment property with cash or a mortgage is a matter or personal choice and will often depend on your financial situation. Using cash may seem logical if you have the money in reserve and it can allow you to later use the equity in your home. However, there may be other factors to think about, such as whether there are other debts to pay down and whether it will tie up all of your spare cash. Again, it’s a personal choice and may be worth seeking personal advice.

A mortgage is a popular option for people who don’t have enough cash in the bank to pay for an investment property. Sometimes when you take out a mortgage you can offset your loan interest against the rental income you may earn. The rental income can also help to pay down the loan.

What is an interest-only loan? How do I work out interest-only loan repayments?

An ‘interest-only’ loan is a loan where the borrower is only required to pay back the interest on the loan. Typically, banks will only let lenders do this for a fixed period of time – often five years – however some lenders will be happy to extend this.

Interest-only loans are popular with investors who aren’t keen on putting a lot of capital into their investment property. It is also a handy feature for people who need to reduce their mortgage repayments for a short period of time while they are travelling overseas, or taking time off to look after a new family member, for example.

While moving on to interest-only will make your monthly repayments cheaper, ultimately, you will end up paying your bank thousands of dollars extra in interest to make up for the time where you weren’t paying off the principal.

How do you determine which home loan rates/products I’m shown?

When you check your home loan rate, you’ll supply some basic information about your current loan, including the amount owing on your mortgage and your current interest rate.

We’ll compare this information to the home loan options in the RateCity database and show you which home loan products you may be eligible to apply for.


How do I apply for a home improvement loan?

When you want to renovate your home, you may need to take out a loan to cover the costs. You could apply for a home improvement loan, which is a personal loan that you use to cover the costs of your home renovations. There is no difference between applying for this type of home improvement loan and applying for a standard personal loan. It would be best to check and compare the features, fees and details of the loan before applying. 

Besides taking out a home improvement loan, you could also:

  1. Use the equity in your house: Equity is the difference between your property’s value and the amount you still owe on your home loan. You may be able to access this equity by refinancing your home loan and then using it to finance your home improvement.  Speak with your lender or a mortgage broker about accessing your equity.
  2. Utilise the redraw facility of your home loan: Check whether the existing home loan has a redraw facility. A redraw facility allows you to access additional funds you’ve repaid into your home loan. Some lenders offer this on variable rate home loans but not on fixed. If this option is available to you, contact your lender to discuss how to access it.
  3. Apply for a construction loan: A construction loan is typically used when constructing a new property but can also be used as a home renovation loan. You may find that a construction loan is a suitable option as it enables you to draw funds as your renovation project progresses. You can compare construction home loans online or speak to a mortgage broker about taking out such a loan.
  4. Look into government grants: Check whether there are any government grants offered when you need the funds and whether you qualify. Initiatives like the HomeBuilder Grant were offered by the Federal Government for a limited period until April 2021. They could help fund your renovations either in full or just partially.  

What happens to my home loan when interest rates rise?

If you are on a variable rate home loan, every so often your rate will be subject to increases and decreases. Rate changes are determined by your lender, not the Reserve Bank of Australia, however often when the RBA changes the cash rate, a number of banks will follow suit, at least to some extent. You can use RateCity cash rate to check how the latest interest rate change affected your mortgage interest rate.

When your rate rises, you will be required to pay your bank more each month in mortgage repayments. Similarly, if your interest rate is cut, then your monthly repayments will decrease. Your lender will notify you of what your new repayments will be, although you can do the calculations yourself, and compare other home loan rates using our mortgage calculator.

There is no way of conclusively predicting when interest rates will go up or down on home loans so if you prefer a more stable approach consider opting for a fixed rate loan.

Is a home equity loan secured or unsecured?

Home equity is the difference between its current market price and the outstanding balance on the mortgage loan. The amount you can borrow against the equity in your property is known as a home equity loan.

A home equity loan is secured against your property. It means the lender can recoup your property if you default on the repayments. A secured home equity loan is available at a competitive rate of interest and may be repaid over the long-term. Although a home equity loan is secured, lenders will assess your income, expenses, and other liabilities before approving your application. You’ll also want  a good credit score to qualify for a home equity loan. 

When does Commonwealth Bank charge an early exit fee?

When you take out a fixed interest home loan with the Commonwealth Bank, you’re able to lock the interest for a particular period. If the rates change during this period, your repayments remain unchanged. If you break the loan during the fixed interest period, you’ll have to pay the Commonwealth Bank home loan early exit fee and an administrative fee.

The Early Repayment Adjustment (ERA) and Administrative fees are applicable in the following instances:

  • If you switch your loan from fixed interest to variable rate
  • When you apply for a top-up home loan
  • If you repay over and above the annual threshold limit, which is $10,000 per year during the fixed interest period
  • When you prepay the entire outstanding loan balance before the end of the fixed interest duration.

The fee calculation depends on the interest rates, the amount you’ve repaid and the loan size. You can contact the lender to understand more about what you may have to pay. 

Remaining loan term

The length of time it will take to pay off your current home loan, based on the currently-entered mortgage balance, monthly repayment and interest rate.

What are the features of home loans for expats from Westpac?

If you’re an Australian citizen living and working abroad, you can borrow to buy a property in Australia. With a Westpac non-resident home loan, you can borrow up to 80 per cent of the property value to purchase a property whilst living overseas. The minimum loan amount for these loans is $25,000, with a maximum loan term of 30 years.

The interest rates and other fees for Westpac non-resident home loans are the same as regular home loans offered to borrowers living in Australia. You’ll have to submit proof of income, six-month bank statements, an employment letter, and your last two payslips. You may also be required to submit a copy of your passport and visa that shows you’re allowed to live and work abroad.

When do mortgage payments start after settlement?

Generally speaking, your first mortgage payment falls due one month after the settlement date. However, this may vary based on your mortgage terms. You can check the exact date by contacting your lender.

Usually your settlement agent will meet the seller’s representatives to exchange documents at an agreed place and time. The balance purchase price is paid to the seller. The lender will register a mortgage against your title and give you the funds to purchase the new home.

Once the settlement process is complete, the lender allows you to draw down the loan. The loan amount is debited from your loan account. As soon as the settlement paperwork is sorted, you can collect the keys to your new home and work your way through the moving-in checklist.

How is interest charged on a reverse mortgage from IMB Bank?

An IMB Bank reverse mortgage allows you to borrow against your home equity. You can draw down the loan amount as a lump sum, regular income stream, line of credit or a combination. The interest can either be fixed or variable. To understand the current rates, you can check the lender’s website.

No repayments are required as long as you live in the home. If you sell it or move to a senior living facility, the loan must be repaid in full. In some cases, this can also happen after you have died. Generally, the interest rates for reverse mortgages are higher than regular mortgage loans.

The interest is added to the loan amount and it is compounded. It means you’ll pay interest on the interest you accrue. Therefore, the longer you have the loan, the higher is the interest and the amount you’ll have to repay.

What do people do with a Macquarie Bank reverse?

There are a number of ways people use a Macquarie Bank reverse mortgage. Below are some reasons borrowers tend to release their home’s equity via a reverse mortgage:

  • To top up superannuation or pension income to pay for monthly bills;
  • To consolidate and repay high-interest debt like credit cards or personal loans;
  • To fund renovations, repairs or upgrades to their home
  • To help your children or grandkids through financial difficulties. 

While there are no limitations on how you can use a Macquarie reverse mortgage loan, a reverse mortgage is not right for all borrowers. Reverse mortgages compound the interest, which means you end up paying interest on your interest. They can also affect your entitlement to things like the pension It’s important to think carefully, read up and speak with your family before you apply for a reverse mortgage.

Why does Westpac charge an early termination fee for home loans?

The Westpac home loan early termination fee or break cost is applicable if you have a fixed rate home loan and repay part of or the whole outstanding amount before the fixed period ends. If you’re switching between products before the fixed period ends, you’ll pay a switching break cost and an administrative fee. 

The Westpac home loan early termination fee may not apply if you repay an amount below the prepayment threshold. The prepayment threshold is the amount Westpac allows you to repay during the fixed period outside your regular repayments.

Westpac charges this fee because when you take out a home loan, the bank borrows the funds with wholesale rates available to banks and lenders. Westpac will then work out your interest rate based on you making regular repayments for a fixed period. If you repay before this period ends, the lender may incur a loss if there is any change in the wholesale rate of interest.

How much deposit do I need for a home loan from ANZ?

Like other mortgage lenders, ANZ often prefers a home loan deposit of 20 per cent or more of the property value when you’re applying for a home loan. It may be possible to get a home loan with a smaller deposit of 10 per cent or even 5 per cent, but there are a few reasons to consider saving a larger deposit if possible:

  • A larger deposit tells a lender that you’re a great saver, which could help increase the chances of your home loan application getting approved.
  • The more money you pay as a deposit, the less you’ll have to borrow in your home loan. This could mean paying off your loan sooner, and being charged less total interest.
  • If your deposit is less than 20 per cent of the property value, you might incur additional costs, such as Lenders Mortgage Insurance (LMI).

Does the Home Loan Rate Promise apply to discounted interest rate offers, such as honeymoon rates?

No. Temporary discounts to home loan interest rates will expire after a limited time, so they aren’t valid for comparing home loans as part of the Home Loan Rate Promise.

However, if your home loan has been discounted from the lender’s standard rate on a permanent basis, you can check if we can find an even lower rate that could apply to you.

How can I calculate interest on my home loan?

You can calculate the total interest you will pay over the life of your loan by using a mortgage calculator. The calculator will estimate your repayments based on the amount you want to borrow, the interest rate, the length of your loan, whether you are an owner-occupier or an investor and whether you plan to pay ‘principal and interest’ or ‘interest-only’.

If you are buying a new home, the calculator will also help you work out how much you’ll need to pay in stamp duty and other related costs.