Home Loan Calculators
You need not bring out your bulky calculators to determine your budget for a home loan and your monthly payment. eChoice has ready-to-use home loan calculators that can give you proper calculations in an instant. All you have to do is punch in the numbers and within seconds, your desired results will appear.
At the Get the Real Picture section, you can simply enter your property, income, loan and monthly expenses and we will give you calculations on how much you can borrow, the best interest rate, loan repayments, government fees and stamp charges.
If you are not sure about how much you can borrow, use the Find Out How Much You Can Potentially Borrow for your Home Loan or Home Loans calculator to determine your maximum loan deal based on your net monthly income and home loan interest rate. You may also determine your maximum home loan deal if you will put your dependents into consideration.
To know how much your home loan repayments will be, you can use the How Much Will My Home Repayments Be calculator to enter the terms of your home loan from its total amount, interest rate and loan term. You can also view your repayment options via a weekly or fortnightly timeframe. This calculator lets you view a graph that shows your principal and interest repayments as well.
Stamp duty fees must not be disregarded and so, we are letting you calculate this through the How Much Stamp Duty Will I Pay section. Whether your home loan is for your own residence or for a home investment, eChoice lets you know your stamp fees with ease.
eChoice will even let you break down your monthly budget through the Budget Planner calculator. Simply key in the details of your income, transport expenses, monthly utility bills, expenses for staple goods and services, insurance payments, leisure considertations and home loans. Allocating your money has never been this easy.
Determine how excess repayments can lower your interest rates and speed up your payment terms by punching in relevant information at the How Will Extra Payments Reduce My Home Loan Calculator. You can adjust the extra contribution and extra contribution commencement fields and the results will be showed in graph and numeral form.
Lump sum payments can reduce the number of years in your payment terms. To determine how much interest and time you can save, use the How Will A Lump Sum Reduce My Home Loan calculator and key in relevant details based on your monetary considerations.
Of course, dealing with home loans is not all about spending. You may gain savings from it as well and to have a better picture on this, use the Savings Calculator to view how much money can you save from various home loan scenarios.
Split home loans entail confusing calculations. However, eChoice wants to make life easier by providing you with the What Will My Repayments Be Using A Split Home Loan calculator. Enter the terms of your fixed interest rate and variable interest rate to determine your monthly home loan repayment. This calculator gives you an option to view your home loan deal if it will be paid on a variable rate only.
And to show you which home loan is better, the Home Loan Comparison calculator lets you compare two home loan scenarios. At a glance, you will know how much the initial and ongoing monthly repayments are going to be. You may view the ready-made table to know which among the two home loan deals will save you more money.
