Legal Disclaimer & Assumptions
⚠️ Important Notice
This calculator provides general information only. It is not financial advice. Results are estimates and do not consider your full circumstances. Lenders use their own criteria and benchmarks. Consider speaking with a licensed adviser or mortgage broker.
General Disclaimer
The calculators and information provided on this website are for educational and informational purposes only. They are designed to help you understand mortgage calculations and estimate potential loan scenarios.
These calculators:
- Do not constitute financial advice or recommendations
- Should not be relied upon as the sole basis for financial decisions
- May not reflect actual loan terms offered by lenders
- Do not guarantee loan approval or specific borrowing amounts
- Cannot account for all individual circumstances and financial situations
Actual loan terms, interest rates, fees, and borrowing capacity will be determined by individual lenders based on their lending criteria, your financial situation, credit history, and market conditions at the time of application.
Calculator Assumptions
Repayment Calculator
- • Monthly repayment frequency is the default setting
- • Daily interest calculation mode uses a 365-day year
- • Interest rates are assumed to remain constant throughout the loan term
- • Calculations do not include fees, charges, or stamp duty
- • Offset account balances are assumed to remain constant
- • Extra repayments are applied directly to the principal
- • No redraw fees or restrictions are considered
Borrowing Power Calculator
- • APRA serviceability buffer defaults to +3.0% (adjustable)
- • Living expenses are user-entered; lenders may apply their own benchmarks (HEM)
- • Other income (rental, investment) is typically shaded at 80% (adjustable)
- • Credit cards are assessed at 3.8% of the limit per month
- • Results show a ±10% range to reflect lender variance
- • Calculations assume principal and interest repayments
- • Does not consider Lenders Mortgage Insurance (LMI)
What's Not Included
Fees & Charges
- • Application fees
- • Valuation fees
- • Legal and conveyancing fees
- • Stamp duty
- • Lenders Mortgage Insurance (LMI)
- • Ongoing account fees
- • Discharge fees
Individual Factors
- • Credit history and score
- • Employment history and stability
- • Savings history
- • Property location and type
- • First home buyer benefits
- • Tax implications
- • Individual lender policies
Seek Professional Advice
For accurate, personalized financial advice tailored to your specific circumstances, we strongly recommend consulting with:
- Licensed Mortgage Broker: Can compare loans from multiple lenders and find the best deal for your situation
- Financial Adviser: Can provide comprehensive financial planning advice
- Bank or Lender: Can provide specific information about their loan products and your eligibility
- Accountant: Can advise on tax implications and structuring
Privacy & Data
This website does not collect, store, or transmit any personal or financial information you enter into the calculators. All calculations are performed locally in your browser. We respect your privacy and do not use cookies for tracking purposes.
When you use the "Share" feature, your calculator inputs are encoded in the URL to allow you to bookmark or share your calculations. This data remains in the URL and is not stored on our servers.
Feedback & Corrections
While we strive for accuracy in our calculators, if you notice any errors or have suggestions for improvements, please let us know. We regularly update our calculators to reflect changes in Australian lending practices and regulations.
Last updated: December 2024 | These terms are subject to change without notice