More than just another great rate!
Fox Symes Home Loan Hotline 1300 551 236

Site Map

Close

Indicative Home Loan Savings Calculator Information

The Indicative Home Loan Savings Loan Calculator is a simplistic calculator which does not take into consideration the exact individual circumstances of the user. It calculates an approximate amount by which monthly repayments may be reduced and the interest savings based on a number of assumptions detailed below. The results from this calculator should be used as an indication only.

Assumptions

Monthly repayment reduced by

Compares the monthly repayment on the "home loan" assuming the remaining loan term is 30 years at the average standard variable rate of the big banks published by the RBA as at 02/12/2011 and the "other debts" are being repaid at minimum monthly repayment of 3% of the outstanding balance vs. the monthly repayment of the consolidated "home loan" and "other debts" assuming a Fox Symes 30 year home loan is provided at a rate 1% less than the average standard variable rate of the big banks published by the RBA as at 02/12/2011.

Interest Saved over life of loan

Compares the interest paid on the "home loan" assuming the remaining home loan term is 30 years at the average standard variable rate of the big banks as publicised by the RBA as at 02/12/2011 and the interest paid on the "other debts" assuming the "other debts" are amortised at 20% per annum over a 15 year period. vs. the interest paid on the combined "home loan" and "other debts" assuming a Fox Symes 30 year home loan is provided at a rate 1% less than the average standard variable rate of the big banks published by the RBA as at 02/12/2011.