Mortgage Repayment Calculator
Mortgage Repayment Calculator helps calculate your loan repayment amount. The calculator result is only an estimate of what your likely periodic repayment amount could be. Use the FairBroker® mortgage repayment calculator to create a forward planning budget. Having forward planning budget helps assess the impact on your monthly budget and quality of life. You can also check your borrowing power using our borrowing capacity calculator.
Once you complete your forward planning and understand the budget for your new house, create a Deal Request on FairBroker® platform and get the get the best mortgage deal offers from thousands of brokers.
How to use Mortgage Payment Calculator?
The fairbroker® mortgage repayment calculator is very simple to use. Input the loan amount you are looking to get, the interest rate that is prevailing in the market OR you are likely to get and the loan term. Loan Amount is typically 20% less than the price of the property you are purchasing. This is assuming you are paying a 20% deposit. If you are refinancing, the loan amount is the amount of outstanding principal in your existing mortgage.