Mortgage Calculators
Welcome to our mortgage calculators.
Work out how much you could afford to borrow and what your monthly repayments might be.
And when you're ready to move forwards, arrange your Mortgage in Principle.
Step 1: How much can I borrow?
The first thing you'll need to do when buying a home is work out how much you can afford to borrow.
Our affordability calculator is here to help. Simply add your household income and deposit amount, then we'll do the maths.
Know your budget in 2 minutes
Discover your maximum borrowing power
Establish your monthly repayments
See homes you know you can afford
With no fees and no credit checks on your finances.
Step 2: Work out my monthly repayments
Get a quick idea of how much your mortgage could cost you each month with our monthly repayment calculator.
You'll just need to let give us a few figures, select you're interest rate and we'll work out the rest.
How much could my mortgage repayments be?
Get a quick idea of how much it's going to cost each month or how a rate change could affect your monthly payments.
Step 3: Arrange my Agreement in Principle
The first step in getting a mortgage is lining up your Agreement in Principle.
It takes around 8 minutes to do this online and it won't affect your credit score.
You can then speak with an expert who'll compare thousands of deals, saving you time and money.
Save money with Mojo Mortgages
Allow award-winning Mojo to show you the best rates available to you. A whole-of-market broker, Mojo work with over 70 lenders. And they won't charge you a penny for their services.
Mortgage calculator FAQs
We know getting a mortgage can seem pretty complicated, so we've listed the questions we hear all the time.
How much can I afford to borrow for a mortgage?
Generally, banks and building societies will lend between 4 and 4.5 times your total household income.
The most important thing lenders look at when offering a mortgage is your monthly income.
The second most important thing is your monthly outgoings - and how much you can comfortably repay.
What types of mortgages are there?
Getting a fixed rate deal with give you certainty on what your monthly outgoings will be, as the payments will always be the same.
Tracker mortgages, discounted tracker and standard variable rate mortgages all fluctuate inline with interest rates.
Offset mortgages allow you to link your savings to your mortgage to offset the interest on your mortgage.
How long does a mortgage application take?
It can take from two to six weeks to get a mortgage approved. Most mortgage offers are then valid for six months.
So if you see a great deal out there and want to reserve it, it's worth speaking to the lender or a mortgage broker in advance.
What deposit do I need for a mortgage?
You’ll usually need a minimum deposit of 5-10% of the home you want to buy.
A 25% deposit will gives access to better mortgage deals, while a 40% deposit opens up the best deals