Comparison Rate Calculator

• Model Your Construction Loan: Understand how your construction loan may work from the first drawdown through to project completion. Our calculator estimates interest-only repayments during construction before the loan transitions to principal and interest repayments once the granny flat is complete.

• Understand Progress Payments: Construction loans are funded in stages rather than as a lump sum. Allocate your loan across the slab, frame, lock-up, fixing/fit-out, and completion stages to see how funds may be released throughout your build.

• Plan Your Budget with Confidence: Enter your property value, existing mortgage balance, build contract price, deposit, interest rates, and loan term to estimate your construction loan and better prepare for the financial commitment of your granny flat project.

• Adjust Different Loan Scenarios: Experiment with different deposits, interest rates, Loan-to-Value Ratios (LVR), loan terms, and progress payment amounts to understand how changes may affect your estimated repayments during and after construction.

• Expert Guidance: Need help understanding your results? Our experienced mortgage brokers can explain your estimates, answer your questions, and help you explore construction loan options that suit your granny flat project.

How It Works:

1. Enter Loan Details: Input your loan amount, interest rate, and any associated fees into the calculator.
2. Calculate the Comparison Rate: Instantly see the true cost of your mortgage, including all hidden fees and charges.
3. Compare Options: Use the comparison rate to evaluate different mortgage products and choose the best deal.
4. Consult with an Expert: Discuss your results with one of our mortgage brokers to ensure you’re making the best choice.