What does this Mortgage Analyzer do?
Our Mortgage Payment Calculator is designed to give you the payment figures but also the balancing owing at end of year 1, 2, 3 4, 5 and 10.
Why don’t we recommend Payment Calculators for First Time Buyers?
Although a payment calculator can estimate mortgage payments, it doesn’t include factors like other debt payments (car loans, student loans, credit cards etc). We recommend you use our Affordability Calculator to get a more accurate mortgage they can afford based on banking guidelines.
Want to be mortgage free faster?
We strongly recommend you switch to bi-weekly or weekly, the extra payments during the year will help you pay off more principal quicker. Once you enter your data in the payment calculator, you will notice that Weekly payments will show a significantly less amortisation period.