To get an estimate on total mortgage values and possible monthly repayments please enter the relevant details in the fields below and adjust the interest rate as it applies to you.

Disclaimer: This calculator will give you a rough estimate of a possible mortgage based on the values you enter. It does not take your personal circumstances, any mortgage conditions or variable loan rates into account. It shall not be used as a basis of any financial decision. Please consult a mortgage professional before taking out any mortgage. PropertyCover Pty Ltd does not accept any liability for calculation errors or decisions made based on this calculator.

The formula used in the calculation is:

Where:
A = periodic payment amount
P = amount of principal (be sure to subtract any down-payments first!)
i = periodic interest rate
n = total number of payments (for a 30-year loan with monthly payments, n = 30 years x 12 months = 360)