RECAST MORTGAGE CALCULATOR PROFESSIONAL

~ Not all brokers or advisers offer the products of all lenders or solution providers.Home, A Loan: The Blog > Lower your monthly payments without refinancing? Recast.

Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan. Different amounts and terms will result in different Comparison Rates. WARNING: This Comparison Rate applies only to the example or examples given. # The comparison rate provided is based on a loan amount of $150,000 and a term of 25 years. * Note: the home loan with the lowest current interest rate is not necessarily the most suitable for your circumstances, you may not qualify for that particular product, the product may not include all the features relevant to you, and not all products are available in all states and territories.

You can obtain a copy of the PDS by emailing or by calling 13 77 62. If any financial product has been mentioned, you should obtain and read a copy of the relevant Product Disclosure Statement and consider the information contained within that Statement with regard to your personal circumstances, before making any decision about whether to acquire the product.

RECAST MORTGAGE CALCULATOR PROFESSIONAL

Specific investment advice should be obtained from a suitably qualified professional before adopting any investment strategy. It should not be relied upon for the purposes of entering into any legal or financial commitments. Because of this, you should consider the appropriateness of the advice to your own situation and needs before taking any action. This website has been prepared without taking into account your objectives, financial situation or needs. The information provided on this website is for general education purposes only and is not intended to constitute specialist or personal advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments. The results from this calculator are an approximate guide only and do not constitute specialist advice. Rates and repayments are indicative only and subject to change. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.ĭisclaimer - Loan Repayments: The lowest interest rate from our lender panel is either standard variable or 3-year fixed for an owner-occupier.

Loan repayments are based on the lowest interest rate (either standard variable or 3-year fixed rate, owner occupier) from our lender panel over a repayment period of 30 years. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.ĭisclaimer - Borrowing power: The borrowing amount is a guide only. The results from these calculators are an approximate guide only and do not constitute specialist advice. Some lenders will only allow a certain extra amount to be paid off each year without incurring additional fees, and a broker can help you figure out the best way to save money and time off your home loan. Talk to your Mortgage Choice mortgage broker to find out if lump sum payments are permitted for your home loan. The calculator will use these figures to give you an estimated total interest savings and the new period of time it will take to pay off your loan.Choose the time at which you will make the lump sum repayment, keeping in mind that the earlier into the loan this is done, the more money you may save.Choose the frequency with which you repay your loan, keeping in mind that more frequent mortgage repayments will reduce the interest paid as well as the life of your loan.This calculator will help you to measure the impact that a lump sum repayment made at a certain period into the loan will have on the length of your mortgage and the total interest paid. Making a lump sum payment, particularly in the early years of your loan, can have a big effect on the total interest paid on the loan. Much like extra repayments, a lump sum payment can have a significant impact on the life of your home loan and the amount of money you can save. What impact will a lump sum payment have on your home loan?

Recast mortgage calculator