mortgage calculator with extra monthly payments

#Mortgage calculator with extra monthly payments plus#

The repayment calculator doesn’t include all interest rates, fees and charges. For a fixed rate loan, once the fixed rate period expires, the loan reverts to a variable rate loan and repayment amounts may change. If a variable rate loan is selected, the interest rate will be subject to change throughout the term of the loan. Keep in mind that the interest rates in the calculator are subject to change, which can impact on repayment amounts. Estimated repayments are calculated on a monthly basis by default, but you can adjust the frequency to weekly or fortnightly if you’d like to compare the difference.

Home loan repayments are influenced by several factors including the loan amount and length of the loan term, the fixed or variable interest rate that applies, whether you’re paying principal and interest or interest-only, and whether or not you intend to live in the property you’re buying.īased on the combination of factors that you select, the loan repayment calculator (or mortgage calculator) will automatically adjust the interest rate per annum and estimate your repayments accordingly. Compare your current and estimated new repayment for a different scenario to see the difference.Tap ‘Add a new scenario’ and either choose an ANZ rate from the drop down menu or enter your own rate to see estimated repayments based on the different rate.(To check your current interest rate, log in to ANZ Internet Banking and click on your home loan account, or in the ANZ mobile app tap your home loan account and go to 'View home loan details’.) Choose ‘Enter my own interest rate’ and enter your current interest rate to see your approximate current repayments.Any redraw balance will have an effect on your estimated repayments.

#Mortgage calculator with extra monthly payments plus#

For instance if you have a loan balance of $600,000 plus a $50,000 redraw amount, enter $650,000 as your loan amount. If you have a redraw balance on your loan, add that amount on top of your existing loan amount.

Enter the details of your existing home loan.

To compare current and future estimated repayments based on a different rate

You can ‘Add a new scenario’ and choose a different ANZ home loan rate to compare estimated repayments for different scenarios side by side.

Enter the details of the type of home loan you’re looking for then choose an ANZ rate from the interest rate drop down.

To estimate home loan repayments with a new home loan Our home loan interest rates page shows all available rates, including special offers and discounts when borrowing 80% or less of the property value. The repayment calculator does not show all interest rates. For fixed rate interest only loans, the comparison rates are based on an initial interest only period equal in term to the fixed period. For interest only variable loans, the comparison rates are based on an initial 5 year interest only term. Different terms, fees or other loan amounts might result in a different comparison rate. WARNING: This Comparison Rate is true only for the examples given and may not include all fees and charges. The comparisons are indicative estimates for illustrative purposes only and are based on current interest rates (which may change).Ĭomparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly payments, including any applicable interest rate discounts. 15737), an authorised financial services provider.Estimated repayments and repayment scenario comparisons are estimates only based on the loan amounts, loan types and loan terms selected. 24015), underwritten by Mutual and Federal Risk Financing Limited (short-term / non-life insurance company), and administered by IUA Business Solutions (Pty) Ltd (FSP licence No. 16354).īetterSure Home Insurance policies are offered by BetterLife Distribution Services Proprietary Limited, trading as BetterSure Financial Consultants, an authorised financial services provider (FSP Licence No. Short-term insurance policies sold before 1 March 2019 are underwritten and administered by Auto and General Insurance Company Limited, an authorised financial services provider (FSP Licence No. 15737), an authorised financial services provider. BetterLife protection policies are underwritten by Old Mutual Alternative Risk Transfer Limited, a registered long-term insurer, and administered by IUA business Solutions (Pty) Ltd (FSP licence No. *All insurance products are offered by BetterLife Distribution Services Proprietary Limited, trading as BetterSure Financial Consultants, an authorised financial services provider (FSP Licence No.