MFAA member for 15 years
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Mortgage calculators. Plan your home loan with Shane's free, easy-to-use calculators. Instant estimates for borrowing power, repayments, stamp duty and refinancing savings.

Run your numbers

Use the calculators as a guide, then speak with Shane for a full assessment across 30+ lenders, at no cost to you.

Mortgage repayment calculator

Calculate your monthly mortgage payments based on loan amount, interest rate, and loan term.

Your monthly repayment

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Based on a fixed rate. Actual payments may vary if rates change.

Every lender assesses the same numbers differently. Send Shane your situation and he will run it through the real lender calculators.

What clients say

5.0★★★★★on Google
1 / 6

Shane is absolutely amazing. He makes the whole process so seamless and supports you every step of the way. He is honest and very approachable. Would definitely recommend.

Shanthosh S

You won't find a better Broker in Sydney!! Shane got us the best deal and went well beyond the call of duty to ensure our deal went through without a hitch. Thank you for all your help Shane, we couldn't have done this without you!

Allyson Bailie

Shane has been absolutely amazing. His professionalism and availability at every step made this whole process so much easier. He answered all our 1,000 questions with such patience and expertise, which gave us the confidence to take this big step. We truly recommend him.

Alessandra Garufo

Shane's knowledge, expertise, efficiency, communication & customer service is top tier. He was super helpful in explaining things I didn't understand & in a timely manner. Kept us informed at all times as to where our application was at etc. Would definitely recommend. 10/10. Thanks Shane!

Tara Donsen

I had a great experience working with Shane. He was professional, knowledgeable, and always quick to respond to any questions or concerns I had throughout the process. His communication was excellent, and he made everything straightforward and stress-free. I really appreciated his reliability and dedication, and I wouldn't hesitate to recommend him to anyone looking for a trustworthy broker.

Mira Melki

Finding the right mortgage broker can be daunting, but save yourself the time and go to Shane from Finance Craft. He is experienced, responsive, and patient with all questions. Shane acted promptly to remove any blockers and challenges, ensuring a smooth and stress-free process. He was always available for questions and calls, demonstrating his commitment and dedication, guiding us every step of the way and making the entire experience seamless. We will use his services for future property finance matters. Highly recommended, thanks Shane!

Sam B
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How these calculators work

How is borrowing power calculated in Australia?

Lenders start with your gross income, deduct tax, living expenses and existing debt repayments, then test what's left against the proposed loan at a buffered assessment rate, typically 3% above the actual rate. Living expenses are benchmarked against the Household Expenditure Measure (HEM) if your declared figures are lower. Each lender applies its own policy, which is why results vary so widely between banks.

Why do online calculators give different answers to what a lender approves?

Online calculators use simplified assumptions. A lender's real assessment considers your credit history, income type (bonuses, commissions, self-employment), the specific property, and its own credit policy. Treat calculator results as a starting point, not a promise. A broker can run your actual scenario through genuine lender servicing calculators before you apply anywhere.

How are home loan repayments calculated?

Principal and interest repayments are calculated so the loan fully amortises over the term, typically 30 years. Interest is calculated daily on what you still owe, so in the early years most of each repayment goes towards interest, with more paying down the loan itself as the balance falls. Paying fortnightly instead of monthly, or keeping savings in an offset account, reduces the balance faster and can cut years off the loan.

How much is stamp duty in NSW?

NSW transfer duty is tiered by purchase price, and on a typical Sydney Eastern Suburbs purchase it often runs to tens of thousands of dollars. First home buyers are exempt on properties up to $800,000 and receive concessional rates up to $1 million. The stamp duty calculator above covers all Australian states and buyer types.

How do I work out if refinancing is worth it?

Compare the interest saved from a lower rate against the switching costs, typically discharge and registration fees of a few hundred dollars, plus any break costs on a fixed loan. The break-even point is usually within months, not years. The refinancing calculator above shows your estimated savings and break-even timeframe based on your current and new rate.

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