Equity loan calculator

Borrowing calculator

Obtain an estimate of what you could afford to borrow and compare different home buying scenarios.

Borrowers


Income


Expenses





Loan

Your estimated results

Based on the information you entered above at a variable rate of {{setDoubleFloatDecimal(fields.loan.interestRate)}}% p.a. over {{fields.loan.loanTerm}} years

You could
borrow up to
${{results.borrow.borrowAmount}}
{{results.repayments.repaymentAmount}}

Your home buying example

With a {{results.borrow.borrowAmountFormatted}} loan and 20% deposit (${{results.borrow.depositAmountFull}}) .

You could look for a property of ${{results.borrow.propertyAmountFull}}.

Don't forget setup costs eg. moving, conveyancing, bank (which may include sizeable lenders mortgage fees), stamp duty and government.

or call us on 13 40 83

Compare home buying examples

Compare your example above with new scenarios.

 
Property price
Loan amount
Deposit
Stamp duty
Government fees
Loan repayments
Your scenario from above
Property price {{results.compareScenarios.propertyAmount}}  
Loan amount {{results.compareScenarios.borrowAmount}} or 80%
Deposit {{results.compareScenarios.depositAmount}} or 20%
Stamp duty ${{results.compareScenarios.stampDutyAmount}}
Government fees ${{results.compareScenarios.governmentFeeAmount}}
{{results.repayments.repaymentAmount}} per

Add another
example

{{state.errors.secondScenario.errorMessage}}

Scenario 2
Property price ${{results.compareScenarios.secondScenario.propertyPriceFull}}
Loan amount ${{results.compareScenarios.secondScenario.loanAmountFull}} or {{results.compareScenarios.secondScenario.loanAmountPercent}}%
Deposit ${{results.compareScenarios.secondScenario.depositAmountFull}} or {{results.compareScenarios.secondScenario.depositAmountPercent}}%
Stamp duty ${{results.compareScenarios.secondScenario.stampDutyAmount}}
Government fees ${{results.compareScenarios.secondScenario.governmentFeeAmount}}
Loan repayments {{results.compareScenarios.secondScenario.repaymentAmount}} per

Don't forget setup costs eg. moving, conveyancing, bank (which may include sizeable lenders
mortgage fees), stamp duty and government.

Other expenses

Existing other monthly loan repayments
This includes personal, car and hire purchase

Monthly living expenses
This could include: food and groceries, medical and health, housing, utilities and property expenses, rent, education and childcare, insurance, communications and media, transport, recreation and entertainment, clothing and personal care, other.

Home loans

Home loans
This includes investment loans and excludes loans to be refinanced with NAB home loan

Assumptions

Borrowing power calculator

Borrowing power: The loan amount has been calculated based on the information input by you, and information sourced by third parties. This amount may not be the final amount you need to (re) finance your property and is used solely for the purpose of providing you with an indication of the loan amount you may require, the upfront costs you may incur, and the repayments that may be payable if you took out a loan for that amount.

The maximum loan amount is an estimate only, based on the income and expenses entered. It doesn't take into account loan eligibility criteria or your complete financial position. This estimate takes into account stamp duty and registration costs calculated using the relevant government authority websites. It does not take into account any concessions you may be eligible for (such as first home buyers discounts) or any surcharges or additional and duties that may apply given your individual circumstances. We cannot guarantee that these rates are correct, up to date or are the ones which would apply to you. You should confirm the government costs and duties payable with the relevant government authorities.

For the borrowing power calculation, we have used all of the income that you have stated in the calculator to arrive at a borrowing power amount. If you apply for finance with NAB, there may be instances where we do not include all of your income in an application (for example, where the amount of income is not considered consistent (eg. Overtime, commission)). This may impact the actual amount you can borrow.

We have also made a number of assumptions when calculating your borrowing power. Those assumptions affect how reliable the borrowing power amount is. Our main assumptions are set out below.

  • Expenses: If the expenses you entered are less than those we think you should have using the "Basic Australian Household Expenses", we will apply the Basic Australian Household Expenses figure. Note: Basic Australian Household Expenses is sourced from the Melbourne Institute (see www.melbourneinstitute.com).
  • Interest rate buffers: Interest rate buffers: We include an interest rate buffer in our calculations. This allows us to factor in, to a degree, the effect of interest rate increases when working out how much you may be able to afford. If you go ahead with a NAB home loan, we may apply a higher interest rate buffer, depending on your choice of home loan product.
  • Loan term: We have assumed a 30 year loan term.
  • Interest rate: For the purposes of our calculation, we assume:
    • a variable interest;
    • unless you enter another rate, that the interest rate is NAB's standard variable rate;
    • the interest rate will not change and will apply for the full 30 year loan term. We do this as we can't predict what rates will do in the future.
  • Repayments: Repayments: Repayments are indicative only. When calculating repayments we have had to make a number of assumptions which may affect the accuracy of the amounts shown. They include:
    • That the interest rate displayed will not change and will apply for the full 30 year loan term. We do this as we can't predict what rates will do in the future.
    • That your annual interest charge is divided equally over 12 monthly payments (in reality, interest is calculated daily and charged monthly which can lead to your interest charge varying between months).
    • That interest is charged to the loan account at the same frequency and on the same day as the repayments are made (this may not be the case for your loan).
    • That any upfront fees, charges or duties you incur in relation to the loan and/or the property are not loan funded unless you have included them as "additional funds required".
    • We have rounded some amounts to the nearest cent when calculating your indicative repayments.
    • We will also include a repayment buffer in relation to any repayments you make in relation to any home loan/s you have which are not being refinanced. This allows us to factor in, to some degree, the effect of those repayments going up if interest rates increase.
    • We have also assumed that the repayments are principal and interest repayments.
  • Set up costs: We have not been able to calculate all the possible set up costs that you may have to pay. Where you have entered information in the home buying scenario table, the calculations include government registration costs and stamp duty on the transfer of land and on one real property mortgage. This doesn't include the registration costs for discharges of mortgage or for additional mortgages.
or call us on 13 40 83

Thank you, We have received your details, We will send you an email with the results of your calculations very soon.

Get a call back

We will call you within 1 business day to discuss your home loan needs

First name is required

First name is too short

Last name is required

Last name is too short

Contact number is required

Contact must be 10 digit numbers

Contact must be 10 digit numbers

Postcode is required

Postcode must be 4 digit numbers

Postcode must be 4 digit numbers

Sorry your request could not be actioned. Please give us a call on 13 40 83 to discuss you home loan enquiry.

For more information about how NAB collects your information, view our privacy policy

Thank you, We have received your details, We will call you within 1 business day to discuss your home loan needs.

Loan repayment calculator

Find out your estimated home loan repayments as well as ways to pay off your home loan faster. This calculator can also be used to generate a Key Facts Sheet for a NAB product with a principal and interest period.

Loan

Would you like a Choice Package?

Bundle your banking in a convenient package for great discounts & benefits. Annual fee applies.


Your estimated results

{{fields.results.repaymentAmount}}
{{fields.results.rateType}} rate of {{fields.repayments.interestRate}}% p.a. For {{fields.results.fixedRatePeriod}} {{fields.results.fixedRateYear}} over {{fields.repayments.loanTerm}} {{fields.repayments.loanTermYears}}

Total interest payable ${{fields.results.totalInterestPayable}}

This repayment is an estimated interest only repayment. After the interest only period, your principal and interest repayments will be higher than these repayments.

This repayment is based on an interest rate that applies for an initial period only and will change when the interest rate reverts to the applicable variable rate.

or call us on 13 40 83

Pay off your home loan faster

Choose repayment methods or offset account to find out how much interest and time you could save on your home loan.

{{state.errorMessageExtra}}
{{state.errorMessage}}
{{state.errorMessageOffset}}
{{state.errorMessagePaidafter}}
{{state.errorMessagePaidafter}}
Time saved {{fields.payOffFaster.results.timeSaved}}
Interest saved ${{fields.payOffFaster.results.interestSavedFull}}

Total interest payable ${{fields.payOffFaster.results.totalInterestPayable}}

What if interest rates change?

See what your repayments may be if interest rates go up or down.

{{fields.interestRateChanges.changeInCostAmount}}
{{fields.interestRateChanges.newRepaymentsAmount}}

Assumptions

Loan repayments calculator

The figures provided should be used as an estimate only and are based upon the information you put into the calculator. We have made a number of assumptions when producing the calculations including:

  • Fees: We have not taken account of any fees or charges except a $600 application fee. Other bank fees, government fees and package fees may apply.
  • Loan term and loan amount: We assume the loan term and loan amount are what you enter into the calculator.
  • Interest rates: We assume that the rate you select (by selecting a NAB product), or the rate you enter, is the rate that will apply to your loan for the full loan term – even if you choose:
    • a variable rate; or
    • a fixed rate or interest only rate which, in practice, will only apply for a limited period after which a different rate will apply.
    For NAB products, the rate that will initially apply to a loan will be the prevailing rate for the product at the drawdown of the loan (subject to any rate lock arrangement).
    As rates are subject to change, the rate that is current for a product today may not be the rate that actually applies to your loan.
  • Interest and repayments: The displayed total interest payable is the interest for the loan term, calculated on the assumed interest rate.
    We assume make the following assumptions about repayments:
    • repayments are made monthly. If you have chosen to view a weekly or fortnightly repayment amount, we have taken the monthly amount, multiplied it by 12 and then divided it by 26 (for a fortnightly amount) or 52 (for a weekly amount). As there are not exactly 26 fortnights, or 52 weeks, in a year, this is not a precise conversion.
    • your annual interest charge is divided equally over 12 monthly payments (inpractice, interest is calculated daily and charged monthly which can lead to your interest charge varying between months).
    • interest is charged to the loan account at the same frequency and on the same day as the repayments are made (this may not be the case for your loan).
    Only your initial repayment amount is calculated. We assume that this repayment amount is payable for the loan term. Repayment amounts can change for a variety of reasons, including to reflect interest rate change changes and any changes to your repayment type.

Instructions

The key fact sheet: If you select a NAB product with a principal and interest repayment period, you can generate a key fact sheet from the information you have entered into the calculator by clicking on the ‘Generate Key Fact Sheets’ button. You cannot get a key fact sheet if you haven’t selected a NAB product or you have selected a NAB product with an interest only period. Some of the assumptions used to generate the the key fact sheet are prescribed by law and may be different to those used by the repayment calculator – as such some of the results may be different.

or call us on 13 40 83

Thank you, We have received your details, We will send you an email with the results of your calculations very soon.

Get a call back

We will call you within 1 business day to discuss your home loan needs

First name is required

First name is too short

Last name is required

Last name is too short

Contact number is required

Contact must be 10 digit numbers

Contact must be 10 digit numbers

Postcode is required

Postcode must be 4 digit numbers

Postcode must be 4 digit numbers

Sorry your request could not be actioned. Please give us a call on 13 40 83 to discuss you home loan enquiry.

For more information about how NAB collects your information, view our privacy policy

Thank you, We have received your details, We will call you within 1 business day to discuss your home loan needs.

Stamp duty calculator

Find out your stamp duty and add you own setup costs.


{{state.errors.errorMessage}}

{{state.errors.errorMessage}}

{{state.errors.errorMessage}}

{{state.errors.errorMessage}}

{{state.errors.errorMessage}}

{{state.errors.errorMessage}}

{{state.errors.errorMessage}}

{{state.errors.errorMessage}}

{{state.errors.errorMessage}}

{{state.errors.errorMessage}}

Your estimated results

Setup costs {{results.estimatedResults.totalSetupFeeAmount}}
Stamp duty
${{results.estimatedResults.stampDutyAmount}}
Mortgage registration
${{results.estimatedResults.mortgageFeeAmount}}
Transfer fee
${{results.estimatedResults.transferFeeAmount}}
{{results.estimatedResults.otherItem01}}
${{results.estimatedResults.otherCost01}}
{{results.estimatedResults.otherItem02}}
${{results.estimatedResults.otherCost02}}
{{results.estimatedResults.otherItem03}}
${{results.estimatedResults.otherCost03}}
{{results.estimatedResults.otherItem04}}
${{results.estimatedResults.otherCost04}}
{{results.estimatedResults.otherItem05}}
${{results.estimatedResults.otherCost05}}
{{results.estimatedResults.otherItem06}}
${{results.estimatedResults.otherCost06}}
{{results.estimatedResults.otherItem07}}
${{results.estimatedResults.otherCost07}}
{{results.estimatedResults.otherItem08}}
${{results.estimatedResults.otherCost08}}
{{results.estimatedResults.otherItem09}}
${{results.estimatedResults.otherCost09}}
{{results.estimatedResults.otherItem10}}
${{results.estimatedResults.otherCost10}}

For more information, please contact your local State or Territorial Revenue Office:

What is the definition of a new property?
A new property is one that has already been built and is less than 12 months old. An existing property must be more than 12 months old.

Add Other Setup Costs
This could include moving costs, building inspection, pest control, new appliance costs, conveyancing fees, bank fees (which may include a sizeable lenders mortgage fee).

Assumptions

Stamp duty and set up costs calculator

The purpose of this calculator is to assist you in estimating the upfront costs associated with your loan. It should be used solely for the purpose of providing you with an indication of the upfront costs you may incur, so you can include an estimate for these amounts into your savings plan. Stamp duty and registration costs have been calculated using the rates from the relevant government authority websites and do not take into account any concessions you may be eligible for (such as first home buyers discounts) or any surcharges or additional and duties that may apply given your individual circumstances. We cannot guarantee that these rates are correct, up to date or are the ones which would apply to you. You should confirm the government costs and duties payable with the relevant government authorities.

We have made a number of assumptions when producing the calculations. Our main assumptions are set out below:

  • Set up costs:
    • The calculations only include government registration costs and stamp duty on the transfer of land for the purchase price you enter and on one real property mortgage. The calculations don't include the registration costs for discharges of mortgage or for additional mortgages.
    • We have not been able to include all the possible set up costs that you may have to pay such as lenders mortgage insurance, lender's fees, every government fee, conveyancing costs and moving costs as these change based on individual circumstances. However, we have provided space for you to add extra costs where you are aware of them.
    • Be aware that you may have additional costs based on your home buying scenario but this calculator should allow you to calculate the main government charges. You should also estimate an amount for lenders mortgage insurance and add this to your budget if you believe it will apply to you.
or call us on 13 40 83

Thank you, We have received your details, We will send you an email with the results of your calculations very soon.

Get a call back

We will call you within 1 business day to discuss your home loan needs

First name is required

First name is too short

Last name is required

Last name is too short

Contact number is required

Contact must be 10 digit numbers

Contact must be 10 digit numbers

Postcode is required

Postcode must be 4 digit numbers

Postcode must be 4 digit numbers

Sorry your request could not be actioned. Please give us a call on 13 40 83 to discuss you home loan enquiry.

For more information about how NAB collects your information, view our privacy policy

Thank you, We have received your details, We will call you within 1 business day to discuss your home loan needs.

Equity loan calculator

Get an idea of how much you may be able to increase your borrowing by, based on the equity in your home and whether you keep or sell it.

Unsure of your property value? Order a free Property Report
{{customerrorMessage}}

What if you keep?

Based on the information you have entered above your total equity is {{getTotalEquity(fields)}}.
If you keep the property and increase your borrowing to an 80% Loan-to-Value Ratio (LVR)

Your available
funds could be
{{getEstimatedAvailableEquityIfKeep(fields)}}
Your new
balance could be
{{getNewLoanBalance(fields)}}
Your monthly
rental income is
{{getRentalIncomeAmount(fields)}}
{{getRepaymentAmount(fields)}}

What if you sell?

Based on the information you have entered above your total equity is {{getTotalEquity(fields)}}.
Your available funds, based on the information you have entered above, including your estimated property value:

Your available
equity is
{{getEstimatedAvailableEquityIfSell(fields)}}
Selling costs
Selling agent fee
{{customerrorMessage}}
Conveyancing fee
{{customerrorMessage}}
Discharge Fee
{{customerrorMessage}}
Other costs
{{customerrorMessage}}

You could have available funds of {{getEstimatedAvailableEquityIfSell(fields)}} after deducting the selling costs .

Assumptions

Equity Loan Calculator

Important: All figures produced by this calculator are indicative only. We've made some assumptions in this calculator – please read them as they affect the figures produced. Those assumptions are:

What you've told us is correct. We use the information (including estimated property value, current loan balance, interest rate, rental income etc) that you input and assume it is correct. Please note: if you apply for a new or increased loan with us, we will separately value your property, and our valuation may be different.

We use monthly figures in this calculator. If you input a weekly, fortnightly or annual amount, we will convert it into an annual amount (if needed), and then into a monthly amount assuming there are exactly 52 weeks, 26 fortnights, and 12 months of equal length in each year. If you ask us to show repayments otherwise than on a monthly basis, we follow the same rule, but in reverse.

"Your new balance could be" is simply 80% of your estimated property value. This is not necessarily the amount we would lend (which could be more or less). The amount we lend takes into account a range of things including what repayments you can afford, your credit information, our valuation of the property and whether Lenders Mortgage Insurance is an option. The accuracy of this figure also affects "Your available equity".

Your monthly repayments are calculated assuming:

  • a Principal and Interest loan with the rate and remaining term you have input.
  • the rate does not change for that remaining term.
  • there are no ongoing fees payable.
  • repayments are payable, and interest is charged, monthly and on the same day. To calculate monthly interest, we calculate your annual interest charge and divide it by 12.

Selling costs are a guide only and we assume you will add / amend as relevant. When considering this, please keep in mind:

  • We've assumed a selling agent fee of 2.5% of property value you have entered. Learn more about agent fees at the Which Real Estate Agent website.
  • We've assumed a $2,500 conveyance fee. Depending on who you use, whether you use a conveyance or lawyer and the complexity of the work, it could cost more or less. For more info about conveyance fees, see the Australian Institute of Conveyancers' website.
  • We've assumed a $350 discharge fee. This is based on the fee that NAB charges to discharge a single mortgage. Other lenders may charge differently.
or call us on 13 40 83

Thank you, We have received your details, We will send you an email with the results of your calculations very soon.

Get a call back

We will call you within 1 business day to discuss your home loan needs

First name is required

First name is too short

Last name is required

Last name is too short

Contact number is required

Contact must be 10 digit numbers

Contact must be 10 digit numbers

Postcode is required

Postcode must be 4 digit numbers

Postcode must be 4 digit numbers

Sorry your request could not be actioned. Please give us a call on 13 40 83 to discuss you home loan enquiry.

For more information about how NAB collects your information, view our privacy policy

Thank you, We have received your details, We will call you within 1 business day to discuss your home loan needs.

Home loan selector

Answer three simple questions to find a home loan product suited to you.

I'm looking for a home loan to...

Back
Next

I want to borrow...

{{getAmountToBorrow()}}

Drag the slider left or right to adjust your borrow amount.

Select your amount from the drop down below

Back
Next

Features that are important to me...

Back
Next

Other suitable products

Other suitable products

Product Image
{{prod.productTitle}}
click
{{prod.productDescription}}

{{feature}}

or call us on 13 40 83
Back
Call us on 13 40 83