Loan Calculators

Online Loan Calculators

Home loan calculator software that Ability Finance use analyses your unique situation and calculates borrowing capacity based on income, outgoes, assets and liabilities which then matches this information with literally hundreds of different loan products contained in our home loan software database and delivers a range of home loan options fro comparison.

There are hundreds of comparisons and different scenarios that can be viewed. When you talk directly with a bank or lender all calculations are based on their loans and lending policies only. If a broker is not using an advanced home loan software database you may be missing out on a better deal somewhere else!

A few general excel based calculators are available for download from the Ability Finance download page.

Should you really only need to get a general idea by using an online loan calculator, both the Mortgage & Finance Association of Australia (MFAA) host online loan calculators and Finance Broker Australia host a range of loan calculators.

Australian Securities and Investments Commission / Tools and calculators / Multi-loan calculator is another option.

Home Loan Calculator Links

Borrowing Power Calculator - Find out how much you can expect to borrow for a home loan based on your current income and existing financial commitments.

Loan Repayment Calculator - Work out what your minimum weekly, fortnightly or monthly loan repayments would be for any borrowed amount.

Extra Repayments Simulator - Find out how much you can: Save in interest
Shorten your loan term by making additional repayments over and above your current monthly repayment.

Lump Sum Repayments Simulator - Find out how much you can:
Save in interest
Shorten your loan term by making a one-off lump sum repayment on top of your current monthly repayment.

Split Loan Simulator - Splitting your home loan into fixed and variable rate portions can provide insurance against future changes in interest rates that we can't predict. Use this tool to calculate your repayments and total interest under different fixed and variable rate scenarios.

Loan Comparison Calculator - Select any two home loans on the market for a direct cost comparison. Determine which is the cheapest in total fees and interest over the life of the loan.

Stamp Duty Calculator - Work out how much stamp duty will be payable on the purchase of your new home.

Compare Home Loans Calculator - Use this calculator to compare two different home loans.