On the Calculators page, you have access to the following calculators:
This dynamic calculator adjusts as you input key variables and information such as:
Infinity’s calculator displays the required principal and interest repayments to clear the loan in full within the loan term. This calculator, you can print each graph by clicking the print button.
Interest only repayments are straightforward to calculate therefore no
repayment calculator is required.
Loan Repayment multiplied by the Interest Rate divided by 365 days in the year multiplied by the days in the month, as an example:
Loan amount $500,000.00 | Interest only rate of 4.5% | Days in year 365 | January has 31 days = $500,000.00 x 4.5% / 365 days in a year x 31 days in January = $1,910.96
Note: interest only rate varies depending on how many days there are in any particular month.
The Total Costs Calculator uses the following variables to create the costs graph:
Dynamic results are displayed on screen as you change variables and a report
can also be created by clicking the 'Print' button.
Toggle the options on Applying for FHOG and FHOG Dwelling type (New Home or established Home) if applicable to the transaction as shown:
Note, if the base LVR is greater than 95.00%, then the
LMI calculation is not
Capitalising LMI will calculate a premium and final LVR, providing the base LVR is less than 95.00% as shown below in the two examples:
ASIC requires that a Refinance Calculation is completed for every loan
application where existing lending is refinanced. The comparison must be done between the outgoing loan with
exit costs against the proposed new loan including all entry fees.
This calculator will show you how much interest you could save (if applicable) by refinancing the existing
loan to a new lender or the same lending but a different product / loan. The required information of the
existing loan is:
For the new loan facility to compare against:
The dynamic Refinance Calculator will show how much interest could be saved per month by switching to new loan. Annual savings are segmented to Year 1, Year 3, and Year 5 as well as the graph display. This report can also be saved as PDF or printed out by clicking in the 'Print' button.
The page displays a simple Income Calculator using the current ATO (Australian
Tax Office) tax rates.
The Net Income calculator requires you to input:
Alternatively, the Gross Income Calculator requires you to input:
Lenders Mortgage Insurance (LMI) can apply if the Clients loan to security
value ration is higher than 80%. The amount can be significant depending on the loan size and how high the
The Mortgage Insurance Calculator requires the following information to calculate the LMI premium:
Mortgage Insurance Fees / Premiums are displayed alphabetically by Lender. You can reduce the number of Lenders displayed by toggling the 'Select Lenders' button and individually selecting only certain lenders as shown: