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MORTGAGE CALCULATOR EXTRA PAYMENT CALCULATOR FULL
MORTGAGE CALCULATOR EXTRA PAYMENT CALCULATOR LICENSE NUMBER

MORTGAGE CALCULATOR EXTRA PAYMENT CALCULATOR FULL

In the interests of full disclosure, the Savings Media Group are associated with the Firstmac Group. ,, , and Performance Drive are part of the Savings Media group. To be considered, the product and rate must be clearly published on the product provider's web site. Some providers' products may not be available in all states. Rather, a cut-down portion of the market has been considered. The entire market was not considered in selecting the above products.

MORTGAGE CALCULATOR EXTRA PAYMENT CALCULATOR LICENSE NUMBER

If you have any problems with or questions about the Repayment Calculator, email 2023 Pty Ltd ♺FSL and Australian Credit License Number 515843 10, 12 of the loan term etc) and/or the amount of any extra repayments and the number of the month in the loan term where the lump sum is added (eg, month 1, 2. You can enter any lump sum to be paid on the loan and the number of the month in the loan term where the lump sum is added (eg, month 1, 2. The final repayment is the repayment made in the last period of the loan to pay out the remaining balance.

This means that if the borrower makes additional repayments in the initial period of the loan, they will reduce the term of the loan not the required repayment in the second period of the loan. If the user enters both an initial fixed interest rate and a variable interest rate the repayments for both these periods are set prior to any additional repayments or redraws being made. The updated loan summary is the difference between the initial loan details entered and all the additional repayments and redraws listed. Entry fees are added to the amount borrowed. Similarly, redraws are added to the balance prior to interest being calculated. Additional repayments, both one off and every month, are assumed to occur during the month, hence are deducted prior to interest being calculated. The repayment calculator is based on interest being calculated and charged monthly. If the loan is a variable interest rate and you only know the current variable rate enter this in the variable interest rate field. The mortgage repayment calculator allows the user to calculate their loan repayments then observe the effect of making additional repayments and redraws You do not need to enter a fixed interest rate period. If added, your extra repayment is taken to be made at the same time as your monthly repayment.Ībout the Extra and Lump Sum Payment Calculator

weekly and fortnightly loan repayment amounts are assumed to be a quarter and a half of the monthly repayment amount respectively.

In practice, repayment amounts can change for a variety of reasons. We assume that this repayment amount is payable for the loan term.

only your initial repayment amount is calculated.

interest is charged to the loan account at the same frequency and on the same day as the repayments are made (this may not be the case in practice).

repayments are made monthly.- your annual interest charge is divided equally over 12 monthly payments (in practice, interest is calculated daily and charged monthly which can lead to your interest charge varying between months).

We make the following assumptions about repayments The displayed total interest payable is the interest for the loan term, calculated on the entered interest rate. or an interest only rate which, in practice, will only apply for a limited period after which a different rate will apply.

We assume that the rate you enter, is the rate that will apply to your loan for the full loan term - even if you choose We assume the loan term and loan amount are what you enter into the calculator. We have made a number of assumptions when producing the calculations including: The figures are based upon the information you put into the calculator. The figures provided should be used as an estimate only, should not be relied on as true indication of your home loan repayments, or a quote or indication of pre-qualification for any home loan product. Extra & lump sum payment calculator assumptions: