Refinance Home Loan Payment Calculator

No, the results are indicative only. The interest rate used in the calculation is a guideline and your actual rate may differ based on your specific credit profile and financial criteria. Furthermore, while the tool estimates Bond Registration and Initiation Fees, it does not include Homeowners or Credit Life insurance premiums, which are standard requirements for the loan.

Yes, the calculator includes an option to "Capitalise fees". By selecting "Yes," the initiation and bond registration fees are added to the total home loan amount rather than being paid as an upfront lump sum. This will, however, slightly increase your total loan balance and your monthly instalment.

To receive an estimate, you need to provide the Estimated Property Value, the amount of Cash Out you require, and your Gross Monthly Income. Additionally, you must specify the Repayment Term (typically 20 years), your Income Type (e.g., Salaried or Self-Employed) and the primary use of the property (such as a Primary Residence or Investment Property).

This calculator is specifically designed for homeowners who own a bond-free home (a property that is fully paid off) and wish to access the equity in that property. It helps you work out what your monthly instalments would be if you were to take out a new loan against the value of your unencumbered home to access cash for other purposes.