You can make better financial decisions if you are armed with the numbers. Here are some free online calculators that allow you to try out different scenarios before committing to a course of action:

 

  1. How much can I borrow?

This calculator takes into account your income and expenses to work out how much you can afford to spend on a property.

  1. Bi-monthly calculator

This calculator will show you how much you will save if you make 1/2 of your monthly mortgage payment every two weeks instead of once a month. In effect, you are making an extra payment each year. This reduces the loan term and interest paid.

  1. Reduce my mortgage

This calculator compares four scenarios: a standard loan, a mortgage with an offset account, a loan with a lump sum payment and a loan with regular extra repayments. It gives an indication of which may save you the most in interest and time.

  1. Stamp Duty Calculator

This calculator looks at the value of the property, property type and whether or not you are a first home buyer before calculating stamp duty, transfer fee and mortgage registration fees.

  1. Achieve my savings target

If you are saving for a big ticket item, this calculator can help you work out how long it will take you to reach your goal depending on your initial deposit, interest rate and saving frequency.

  1. Budget planner

This calculator helps you to work out where your money is going.

  1. Lease Calculator

While people normally lease cars, you can lease anything such as photocopiers or other business equipment. The lease calculator can help you estimate the periodical payments or real interest rate.

  1. Savings Calculator

The Savings calculator will show your accumulated savings as well as interest accumulated over a specified time term.

  1. Income Tax Calculator

While this estimate does not include any applicable Medicare levy, Medicare levy surcharge, Higher Education Contribution Scheme (HECS), or Student Financial Supplement Scheme (SFSS) liabilities, it does provide an estimate of tax for Australian residents.

  1. Principal & Interest vs. Interest Only Calculator

This dual calculator allows you to compare a Principal and Interest loan vs. an Interest Only loan.

 

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