Loan Calculator – Compare Two Home Loans
This loan calculator will allow you to compare apples to apples when considering different home loans.
The home loan comparison calculator allows you to quickly compare loan pricing in terms of fees and interest over the life of the loan.
The loan calculator also allows you to enter and compare different introductory interest rates and terms.
Your Loan Market mortgage broker will compare hundreds of home loans Australia wide to help you secure a competitive home loan for your finance needs.
Now Check Your Maximum Borrowing Capacity
Free loan calculator tools are a good place to start when comparing home loans. Loan Calculators will give you an indication of some of the numbers around the home loans you are considering.
However, while loan calculators are a good way to get an indication on key questions, talking to an expert mortgage broker will ensure you are able to get more detailed figures for your personal situation.
Your Loan Market mortgage broker also has access to home loans from 30 different banks and lenders, ranging from the big four banks to smaller lenders.
After you have used the free loan calculator tool to compare home loans, your Loan Market mortgage broker will help you save time by comparing key information around interest rates, fees and charges and will even organise a free home loan pre-approval.
The loan that’s right for someone else may be completely wrong for you. At your free home loan consultation your mortgage broker will ask you a few questions about your income, debts and lifestyle to ensure the loan you choose is the best for your future finance needs.
For example: Loan A has an interest rate of 6.99% with an annual fee, loan B on the other hand has a slightly higher interest rate of 7.03% and a one-off application fee of $600.
Result: Over the life of the loan, loan B will save you thousands of dollars as the loan with the lower interest rate may not necessarily be the cheapest loan. The answer is to talk to an experienced mortgage broker.