Home loan calculator: can you afford the repayments?

Wondering how much the loan would be for your dream home? Use the home loan calculator to see what the estimated monthly loan repayments.

Home loan calculators give you an insight to what your estimated repayments could be and let you experiment with different repayment options, interest rates and loan terms.

It’s a handy guide to see whether you can afford a mortgage or whether you’ll need to adjust your expectations.

An important tip is not to go to your maximum, you never know if your health, income or personal circumstances will change so leave a buffer.

All experts agree that just because you may be able to borrow a certain amount of money, doesn’t mean it’s a good idea.

Once you’ve checked out what your repayments are hop over and check out our post how to negotiate a better home loan interest rate.

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