Calculate what happens to your loan with an introductory or ‘honeymoon’ rate.
Introductory Rate Loan Analysis Made Simple
This calculator helps you find out whether you are actually saving money with your introductory home loan (otherwise called a honeymoon home loan) in total interest.
A honeymoon home loan or mortgage (also called an introductory loan) typically offers a guaranteed low rate for an initial period of time after which the applicable interest rates will revert to the standard variable rate. Generally, you are able to enjoy some savings on the loan term and interest with this scheme and the calculator helps ascertain the exact amount that you will be saving in total interest.
For more details or for a financial consultation regarding interest and your savings, get in touch with our skilled advisers today.
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When you’re ready to get exact calculations for your specific needs, Wealthy You's mortgage brokers are here to do the sums for you. Contact us for a cost and obligation free chat to discuss your requirements in more detail. Your mortgage broker will calculate all the figures you need and they’ll also compare a wide choice of Australia’s leading lenders to find the most suitable home loan for you.
Disclaimer Notice:
These calculators are supplied by our industrial partner MFAA. The calculator has been provided in good faith as a guidance tool only. Results are not financial advice, are a guide only, and are not a guaranteed outcome or quote. Borrowers should always discuss their individual situation with an Australian Credit Licensee or authorised Credit Representative (such as Wealthy You)
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