A quick internet search for “Mortgage Calculator” will bring up a huge number of options. The challenge is that the calculator creator often has an agenda. There are also many differences in the calculations made behind the scenes, many of which can be near impossible to identify. We have compiled a list below, of the calculators that we believe to be the most reliable and unbiased. We cannot guarantee the accuracy of these calculators in all circumstances, however we personally use each of these at different times, for both personal and business scenarios. Hopefully they can also be of help to you.
Loan Comparison Calculator
Loan Repayment Calculator
All of these calculators above are managed by MoneySmart, a Government website designed specifically to help increase financial literacy, and give access to information. No calculators are perfect, but I find that these are at least unbiased, simple to use, provide many different options, and have little to no hidden information behind the scenes.
Stamp Duty Calculator
This calculator is managed by a third party who we have no affiliation with whatsoever. You will likely receive ads while using the calculator, and we do occasionally find that the stamp duty calculations are off slightly (less than $100). However we personally use it in the business as an accurate way to estimate stamp duty quickly and efficiently for all states and territories.
Income Tax Calculator
Again, while this is run by a third party and will show you ads, we find it to be clean, simple, and accurate. There is a new, more complicated version, but we prefer the old-school simple one linked above.
Borrowing Power Calculator