Benefits of Home Loan Comparison

Are you unsure of which loan best suits your needs? Maybe you need help deciphering how you’d be affected in the long run if you chose the home loan with lower upfront fees or higher ongoing costs. Whether you're a first home buyer or you already have an existing home loan, it’s important to understand the differences between loans. With this tool, you can make a direct comparison and determine which loan delivers the best value over its full term - it's pretty clever! It might not seem like much, but remember, something like 0.5% off your home loan could end up saving you more than $50,000... Cha ching!!

Information Needed for Calculator

It is important to keep in mind that this calculator is not an exact tool and should not be used as a quote, but rather as a reference and a guide in order to help you make a more informed decision about your home loan. We will ask for common details like the loan amount and loan repayment term, as well as information for each loan, including upfront fees, ongoing fees, intro rate, intro term and ongoing rate. In addition, we provide an Amortisation chart (don't worry, we had to Google that word too) that compares the cumulative payments of the two loans over a period of 30 years and the interest saved with each.

Your Potential Savings

Use our home loan comparison calculator to get a better idea of your potential savings and costs in the long run with each loan you are considering. For more information or to discuss purchasing a home, please don’t hesitate to contact Wilson Homes today.

Financial Tools

MyChoice Home Loan’s handy home loan calculators will help you make the best decisions about your home or investment loan. These mortgage calculators will give you an idea of how much you can borrow; what your repayments would be on your home loan; which loan is best for your unique needs; and how much you will need for your stamp duty and other costs.

While these loan calculators are great for your initial research, our home loan experts will be able to provide you with more details on your options and find the best solution for your unique circumstances.

Loan Repayments

Get an easy way to calculate what your minimum weekly, fortnightly or monthly loan repayment would be on your borrowed amount.

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Budget Planner

When you’re buying a new home, budgeting is essential to being able to afford your loan payments. This tool asks for your annual income and expenses in order to help you better understand your financial position.

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Savings Calculator

Thinking about your financial future? Set a savings goal. This tool can project how much you can accumulate over time with an initial amount and ongoing contributions.

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Stamp Duty Calculator

Stamp duty varies from state to state. Use this state specific calculator to see how much stamp duty will be payable on the purchase of your new home or land.

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Loan Comparison

Understand the difference between two current home loans on the market. Make a direct comparison to determine which delivers the best value over the term of the loan.

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Extra Repayment Calculator

Shortening the length of your loan term by making additional repayments over and above your current repayments can provide significant interest savings. Calculate your savings with our extra repayments tool.

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Lump Sum Calculator

If you're looking for a way to save significant amounts of money on interest as well as shorten your loan repayment period, use this calculator. Find out how much you can save by making a one-off lump sum repayment on top of your current repayments.

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