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Low Doc Self-Employed First Home Buyer Property Investors Islamic Finance Calculators

Free Mortgage Calculator Suite

12 Free Mortgage
Calculators

Name: Mortgagefy
Address: Sydney, NSW, AU
Telephone: +61432634648
Price range: Free

Mortgagefy Broker Team · Published 2026-04-07 · Last reviewed 2026-04-29

Enter your details, see an instant estimate — then unlock your full personalised result with a free broker review.

Borrowing Power Loan Repayments Stamp Duty LMI Estimator Refinance Savings Equity Calculator Extra Repayments IO vs P&I First Home Costs Guarantor Loan LVR Calculator

Sydney's Specialist Mortgage Broker

Find Out How Much
You Can Borrow

Enter your income and expenses to get an instant estimate. Unlock your full personalised result — a broker will follow up with your best options.

MFAA Accredited

Wide Lender Panel

Free Assessment

No Credit Check

Your Financial Details

Annual Gross Income

Partner Income (optional)

Monthly Living Expenses

Existing Monthly Debts

Deposit / Savings

Dependants

Loan Type

Employment Type

Interest Rate (%)

Loan Term (years)

yrs

Live Estimate

Estimated Borrowing Range

$620,000 – $790,000

Based on 6.75% p.a. with APRA 3% buffer

Monthly repayment~$3,800/mo

Net monthly income~$7,200/mo

Full breakdown Unlock below

Unlock your full personalised result

What Our Clients Say

"The borrowing power calculator was spot on. Mortgagefy found me a rate 1.24% below my bank and helped me qualify for $180k more than I expected."

James M.

Epping, NSW

"As a sole trader I thought I had no chance. The calculator gave me confidence to enquire — my broker used add-back strategies and doubled my borrowing capacity."

Priya K.

Newtown, NSW

"Used the calculator, got a broker call same day. They found a lender who counted my contract income differently — I ended up borrowing $95k more than the big banks offered."

Derek L.

North Sydney, NSW

Related Calculators

Frequently Asked Questions

Lenders calculate your borrowing power using your net income (after tax and Medicare), minus your monthly living expenses, existing debt repayments and dependant costs. They then apply an APRA assessment rate — typically your loan rate plus a 3% buffer — to determine the maximum loan you can service. Banks use the HEM benchmark to assess living expenses if your declared expenses are lower.

Each lender uses different HEM expense benchmarks, income shading factors for casual or self-employed income, treatment of rental income, and credit card limit policies. A specialist mortgage broker can identify which lenders will maximise your borrowing capacity for your specific income type.

Yes. Strategies include: consolidating or closing unused credit cards (limits count against you even if unused), paying down existing debts, reducing declared expenses to reflect actual spending, adding a co-borrower, or choosing a lender with higher income acceptance policies. A broker can model each scenario for you.

This calculator provides a general estimate using standard tax rates and an APRA 3% assessment buffer. Actual lender assessments may differ based on employment type, other liabilities, credit history and lender policy. For an accurate pre-approval figure, speak to one of our brokers — it's free and takes less than 20 minutes.

Ready to Get Pre-Approved?

A broker will review your borrowing capacity and present your best loan options — free, no obligation, same-day callback.

Self-Employed Add-Back Calculator

Self-Employed Borrowing Power

Banks use your tax return income. We add back deductions that reduce your taxable income but don't affect your ability to repay — often doubling your assessed income.

Tax Return Income

Year 1 Net Profit / Taxable Income

Year 2 Net Profit / Taxable Income

Add-Backs (reduce taxable income but not actual cashflow)

Depreciation

Home Office Expenses

Vehicle (non-business portion)

One-Off / Unusual Expenses

Loan Details

ABN Duration

Employment Structure

Monthly Living Expenses

Interest Rate (%)

Live Estimate

Assessed Income (with add-backs)

$140,000

vs. $95,000 declared on tax return

Add-back total+$35,000

Est. borrowing power~$650,000

Full lender strategy Unlock

What are add-backs? Legitimate business expenses that reduce taxable income but don't reflect reduced spending ability — depreciation, home office, one-off costs. Specialist lenders add these back to arrive at a higher assessed income.

Which Lenders Accept Self-Employed Income?

Lender Type	Min ABN	Income Evidence	Add-Backs?
Major Banks	2 years	Full doc — 2yr tax returns	Limited
Second-Tier	2 years	Full doc, some flex	Moderate
Specialist ⭐	6–12 months	Low doc, alt doc, BAS	Generous
Non-Conforming	6 months	Bank statements OK	Yes

Self-Employed Loan Guide

Loan Repayment Calculator

Calculate your weekly, fortnightly or monthly repayments and total interest cost.

Loan Amount

$50K$2.5M

Interest Rate

Loan Term

yrs

Repayment Frequency

Live Estimate

Estimated Monthly Repayment

$3,160/mo

At 6.75% p.a. over 30 years

Full interest breakdown locked

At 6.75% p.a. over 30 years, a $500,000 P&I loan costs approximately $3,243/month. At 7.25% it rises to about $3,411/month. Fortnightly repayments are slightly more efficient as you make 26 half-payments per year (equivalent to 13 monthly payments).

Paying fortnightly or weekly reduces interest slightly because you end up making extra payments each year. Over 30 years on a $500k loan, fortnightly repayments can save thousands in interest and cut 1–2 years from your loan term.

Use your current rate for existing loans, or the comparison rate for new loans. The Australian average variable rate is currently around 6.75–7.45% p.a. A broker can often find rates 0.5–1.5% below the big four banks' advertised rates.

Stamp Duty Calculator

Calculate transfer duty by state with first home buyer exemptions for NSW, VIC, QLD and WA.

Property Value

State / Territory

Buyer Type

Live Estimate

Estimated Stamp Duty

$29,000

NSW — $750k property

Full cost breakdown locked

In NSW, first home buyers pay zero stamp duty on properties up to $650,000 and a concession on properties between $650,000 and $800,000. Above $800,000, full stamp duty applies. You can also opt into the annual property tax (First Home Buyer Choice) instead of stamp duty for eligible properties.

Stamp duty is typically due within 3 months of settlement in most states. It can usually be included in your home loan (paid by the lender at settlement), but this increases your loan amount and LVR. First home buyers should confirm eligibility with a broker before signing contracts.

Yes. Investment property purchases are subject to full stamp duty with no first home buyer concessions. In some states, foreign investors also pay an additional surcharge of 7–8% on top of standard rates. Speak to a broker to understand the full cost of your investment purchase.

LMI Estimator

Find out if Lenders Mortgage Insurance applies and how much it will cost based on your LVR tier.

Property Value

Your Deposit / Savings

Doctors, lawyers and accountants may qualify for LMI waivers above 80% LVR. Ask a broker.

Live Estimate

Estimated LMI Premium

$10,600

LVR: 92% — Standard LMI tier

LVR tier breakdown locked

LMI (Lenders Mortgage Insurance) protects the lender — not you — if you default and the property is sold for less than the loan balance. It applies when your deposit is less than 20% (LVR above 80%). You pay the premium, either upfront or capitalised into the loan.

Yes. Many lenders offer LMI waivers for certain professions (doctors, dentists, lawyers, accountants, engineers, mining professionals) at up to 90% LVR. The First Home Guarantee scheme also allows eligible buyers to purchase with a 5% deposit and no LMI. A broker can identify the best path for your situation.

Yes. Most lenders allow LMI to be capitalised into the loan amount (up to 97% LVR in some cases). This means you don't pay it upfront but it increases your loan balance and overall interest paid. A broker can show you the true cost of each option.

Refinance Savings Calculator

See your monthly saving, total interest saving, switch costs, and exactly how many months before you break even.

Current Loan

Current Loan Balance

Current Rate

New Rate

Remaining Loan Term (years)

yrs

Switch Costs (edit to match your lender)

Discharge Fee

New Application Fee

Legal / Conveyancing

Break-Even Target (months)

Live Estimate

Estimated Monthly Saving

$430/mo

7.2% → 6.0% on $450k balance

Total interest saving locked

Refinancing makes sense when you can save at least 0.5% p.a. and the monthly savings exceed the break-even cost within 18–24 months. Most refinance costs (discharge fee, application fee, settlement) total $1,000–$2,500. A broker can calculate your exact break-even period.

Most refinances take 2–6 weeks from application to settlement. A broker-assisted refinance is typically faster as the broker manages all paperwork and lender communication. Some lenders offer fast-track refinancing for straightforward applications in under 2 weeks.

A formal application creates a hard credit inquiry which may reduce your score by a few points temporarily. However, securing a lower rate and managing repayments well typically improves your score over time. Multiple applications in a short period can have a bigger impact — a broker submits to one lender at a time.

Equity Calculator

Calculate your total equity and how much usable equity you can access for an investment or renovation.

Current Property Value

Current Mortgage Balance

Live Estimate

Total Equity

$400,000

Usable equity locked below

Usable equity breakdown locked

Loan Comparison Calculator

Compare two loan options side-by-side — total cost, monthly repayments and interest over the life of the loan.

Loan Amount

Loan A

Interest Rate

Term (years)

Annual Fee ($)

Loan B

Interest Rate

Term (years)

Annual Fee ($)

Live Estimate

Loan A Monthly

$3,792/mo

Loan B Monthly

$3,597/mo

Total cost comparison locked

Extra Repayments Calculator

Find out how much sooner you can pay off your loan and how much interest you can save by making extra payments.

Loan Amount

Interest Rate

Loan Term

yrs

Monthly Extra Repayment

Live Estimate

Interest Saved

$68,000+

With $500/mo extra on $500k loan

Years saved & full breakdown locked

Interest Only vs P&I Calculator

Compare interest-only vs principal & interest repayments and see the total cost difference over your loan term.

Loan Amount

Interest Rate

Total Loan Term

yrs

Interest-Only Period

yrs

Live Estimate

IO Monthly Repayment

$3,250/mo

P&I Monthly Repayment

$3,792/mo

Total cost difference locked

First Home Buyer Cost Calculator

Full upfront cost breakdown including stamp duty, LMI, all fees, First Home Owner Grant, and First Home Guarantee scheme savings.

Property Details

Purchase Price

Your Deposit (savings)

State

Property Type

Government Schemes

First Home Guarantee (5% deposit, no LMI)

Government guarantees up to 15% of the purchase — no LMI on 5% deposit

First Home Owner Grant (FHOG)

NSW: $10,000 for new homes under $750k — tick if eligible

Live Estimate

Total Upfront Costs

$56,000

Incl. deposit, stamp duty & legal fees

Full grants & cost breakdown locked

Guarantor Loan Calculator

See how a guarantor can help you buy without LMI and how much of your parent's property is used as security.

Purchase Price

Your Deposit

Guarantor Property Value

Guarantor Mortgage Balance

Live Estimate

LMI Saved

$14,500

With guarantor support on 5% deposit

Guarantor exposure breakdown locked

LVR Calculator

Calculate your Loan-to-Value Ratio and see which LMI tier you fall into.

Property Value

Loan Amount

Live Estimate

Loan-to-Value Ratio

80.0%

Ideal — No LMI required

LMI estimate & tier breakdown locked

Ready to Take the Next Step?

Our specialist brokers search across our wide panel of lenders to find the right loan for your situation. Free assessment, no obligation.

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Takes 60 seconds. A broker will call you within 24 hours.

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Compare loan options from major banks and specialist lenders.

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We work with a wide panel of lenders across Australia. We are not tied to any one lender and compare loan options to help find a solution that suits your needs. All applications are subject to lender approval and lending criteria.

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12 Free Mortgage
Calculators

Find Out How Much
You Can Borrow

Your Financial Details

Your Detailed Borrowing Assessment

What Our Clients Say

Related Calculators

Frequently Asked Questions

Ready to Get Pre-Approved?

Self-Employed Borrowing Power

Which Lenders Accept Self-Employed Income?

Loan Repayment Calculator

Stamp Duty Calculator

LMI Estimator

Refinance Savings Calculator

Equity Calculator

Loan Comparison Calculator

Extra Repayments Calculator

Interest Only vs P&I Calculator

First Home Buyer Cost Calculator

Guarantor Loan Calculator

LVR Calculator

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12 Free MortgageCalculators

Find Out How MuchYou Can Borrow

Your Financial Details

Your Detailed Borrowing Assessment

What Our Clients Say

Related Calculators

Frequently Asked Questions

Ready to Get Pre-Approved?

Self-Employed Borrowing Power

Which Lenders Accept Self-Employed Income?

Loan Repayment Calculator

Stamp Duty Calculator

LMI Estimator

Refinance Savings Calculator

Equity Calculator

Loan Comparison Calculator

Extra Repayments Calculator

Interest Only vs P&I Calculator

First Home Buyer Cost Calculator

Guarantor Loan Calculator

LVR Calculator

Ready to Take the Next Step?

Free Eligibility Assessment

Wide lender panel · Banks + Specialists

Unlock Your Full Result

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12 Free Mortgage
Calculators

Find Out How Much
You Can Borrow