This calculator can help you estimate the repayments on your mortgage as well as compare against an alternative scenario, showing the impact of different levels of debt and different interest rates.
You can also estimate how long you loan will take to pay off, based on your current repayments and interest rate.
Your financial planner can help by:
- Ensuring the repayment of your mortgage fits with the rest of your long term financial strategy
- Discussing the different types of debt available, including the difference between good and bad debt.
- Discussing strategies to reduce the interest you pay over the term of your loan.
Referring you to a mortgage specialist who can ensure you have the most cost effective loan that suits your needs.