home loan calculator

home loan calculator

Thinking of buying a house and wondering if an online home loan calculator can help you? Buying a house is an exciting time, but navigating the mortgage process can feel daunting, especially when it’s your first time. Professional Lending Solutions is here to guide you, and a powerful tool to get you started is our suite of free online loan calculators (also known as a mortgage calculator or loan repayment calculator).

What is a Home Loan Calculator?

A home loan calculator is a free, online tool that helps you estimate your monthly mortgage repayments. Simply enter some basic details like the loan amount, interest rate and loan term, and the calculator will provide you with an estimated monthly payment amount.

How Can a Home Loan Calculator Help You?

Here are just a few ways a mortgage calculator can be your secret weapon when it comes to finding the right mortgage:

Understanding your potential monthly repayments is crucial. These online calculators help you determine if a particular house price fits comfortably within your budget or if you need to re-evaluate your price range.

Thinking about a fixed or variable interest rate? Mortgage calculators allow you to explore how different interest rates can impact your repayments before you lock any loans in.

Wondering how repayments will differ comparing a 30-year loan length to 35 years? The calculator will show you how the loan term affects your monthly payment and total interest paid by inputting different numbers into the fields.

Thinking about making additional payments towards your mortgage to pay it off faster? There are special calculators online that can show you how much you could save in interest by paying extra amounts on top of your regular repayments.

Benefits of Using a Mortgage Calculator:

  • Free and easy to use: Home loan calculators are readily available online and require no financial commitment.
  • Empowering information: Gain confidence by understanding the financial implications of different mortgage options for buying a house before you speak to anyone.
  • Informed decisions: Be prepared for your meeting with a mortgage broker with a clear understanding of your affordability range.

Using a home loan calculator is just the first step. While a home loan calculator is a valuable tool, it’s important to remember it only provides estimates. For a personalised assessment and expert guidance throughout the home buying process, contact Professional Lending Solutions. Our experienced mortgage brokers will work with you to find the perfect home loan solution for your unique needs and financial goals.

Home loan calculator options at Professional Lending Solutions

What Types of Online Finance Calculators Are Available?

At Professional Lending Solutions, we are committed to helping you with the right finance for your personal circumstances. That’s why we provide a number of online loan calculators to start your journey so you can get an understanding of what is possible for you. Once you’ve had a look at the calculators, you can book in for a free consultation with us to see how we can help you.

Available on our website are the following calculators:

Home Loan Repayment Calculator:

Estimates your monthly mortgage payments based on loan amount, interest rate and loan term.

Borrowing Power Calculator:

Helps you understand how much you can potentially borrow for a home loan based on your income and debts.

Stamp Duty Calculator:

Estimates the government tax you’ll pay when purchasing a property.

Extra Loan Repayment Calculator:

Shows how extra payments towards your loan can save you interest.

Loan Comparison Calculator:

Compares the features and costs of different loan options.

Budget Planner Calculator:

Assists you in creating a realistic budget for your monthly expenses.

Deposit Planner Calculator:

Estimates how much time it might take to save for your desired home deposit.

Car Loan Calculator:

Calculates your estimated monthly car loan repayments based on loan amount, interest rate and loan terms.

Get Started Today!

Use our free home loan calculator to get a sense of your affordability, and then contact Professional Lending Solutions to schedule a consultation with a qualified mortgage broker. Let’s turn your dream of Gold Coast homeownership into a reality!