It’s a tool for showing you what your monthly mortgage repayment estimates might look like. All you need to do is feed in certain important details like the following:

• Loan Amount You’ll Need
• The Rate of Interest
• The Loan Tenure

You will get an approximate amount that you will have to pay every month which will help you further in planning your finances.

You can use our calculator to choose a different repayment frequency, such as

• Monthly
• Fortnightly
• Weekly

This flexibility allows you to see how changing your repayment schedule may change the total amount repaid – or interest paid – during your mortgage.

The estimates are calculated based on what you enter into the calculator. While this gives you a reasonably sound basis for the approximate costs, the actual figures may vary, so for an accurate costing, you should always check with your lender.

A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.

Of course, the calculator does allow for extra repayments. This will show you how paying extra repayments off your mortgage can shorten the period of the loan and the total amount of interest paid, therefore saving you money over the loan period.

Yes, the interest rate variable in the calculator can be set to determine how any increase or decrease in rates may affect your repayments. This helps you be prepared, mentally and otherwise, in case there is a rate increase.