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LOAN REPAYMENTS
Calculates the type of repayment required, at the frequency requested, in respect of the loan parameters entered, namely amount, term and interest rate.
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EXTRA REPAYMENTS
Calculates the time saved to pay off the loan and the amount of interest saved if repayments are increased by the entered amount of extra contribution per repayment period after the loan has been in force for the entered number of years.
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LUMP SUM
Calculates the time saved to pay off the loan and the amount of interest saved if a single additional lump sum repayment is made, after the loan has been in force for the entered number of years, in addition to continuing the regular repayments.
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SPLIT LOAN
Calculates the total interest amount under a variable interest rate for the full loan term compared to the same loan having a fixed rate proportion at the start, with the fixed rate and term.
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PRINCIPAL AND INTEREST
Provides a schedule of monthly repayments and shows what portion goes towards interest and what portion goes toward paying off the principal amount borrowed. Keep a permanent record by printing each page of the schedule or saving the whole schedule by clicking on the save icon.
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BORROWING POWER
Calculates the maximum amount of loan available based on the income and expenses entered. Default values provided assist in giving an estimate of the expenses and other factors which may determine the amount available for a loan.
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STAMP DUTY
Calculates transfer duty, mortgage duty, mortgage registration and transfer fees for properties with an existing dwelling. Different rates of duty and fees may apply for vacant land and you should contact the Office of State Revenue for the correct rates.
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LOAN COMPARISON
Calculates the total amounts payable under two alternative loans and provides the comparative amount saved by using the lower cost loan. The two loans allow for the entry of different expense amounts, both initial and ongoing and the entry of different introductory interest rates and terms, with different ongoing interest rates for the balance of the loan term.
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