Interest Rate: For the purposes of our calculation, we assume:

• a variable interest;
• unless you enter another rate, a standard variable rate applies;
• a fixed interest rate applies for the full 30 years (or as selected) – as we can’t predict future rate of interest

Repayments: These calculations are for indicative purpose only. When calculating re-payments, we have had to make a number of assumptions which may affect the accuracy of the amounts shown. They include:

• That your annual interest charge is divided equally over 12 monthly payments (in reality, interest is calculated daily and charged monthly which can lead to your interest charge varying between months).
• That interest is charged to the loan account at the same frequency and on the same day as the repayments are made (this may not be the case for your loan).
• That any upfront fees, charges or duties you incur in relation to the loan and/or the property are not loan funded unless you have included them as "additional funds required".
• We have rounded some amounts to the nearest cent when calculating your indicative repayments.
• Repayment buffer included, in relation to any repayments you make in relation to any home loan/s you have which are not being refinanced. This allows us to factor in, to some degree, the effect of those repayments going up if interest rates increase.
• We have also assumed that the repayments are principal and interest repayments.

STAMP DUTY AND SET UP COSTS CALCULATOR

The purpose of this calculator is to assist you in estimating the upfront costs associated with your loan. It should be used solely for the purpose of providing you with an indication of the upfront costs you may incur, so you can include an estimate for these amounts into your savings plan. Stamp duty and registration costs have been calculated using the rates from the relevant government authority websites and do not take into account any concessions you may be eligible for (such as first home buyers discounts) or any surcharges or additional and duties that may apply given your individual circumstances. We cannot guarantee that these rates are correct, up to date or are the ones which would apply to you. You should confirm the government costs and duties payable with the relevant government authorities.

We have made a number of assumptions when producing the calculations. Our main assumptions are set out below:

Set up costs:

• The calculations only include government registration costs and stamp duty on the transfer of land for the purchase price you enter and on one real property mortgage. The calculations don't include the registration costs for discharges of mortgage or for additional mortgages.
• We have not been able to include all the possible set up costs that you may have to pay such as lenders mortgage insurance, lender's fees, every government fee, conveyancing costs and moving costs as these change based on individual circumstances. However, we have provided space for you to add extra costs where you are aware of them.
• Be aware that you may have additional costs based on your home buying scenario but this calculator should allow you to calculate the main government charges. You should also estimate an amount for lenders mortgage insurance and add this to your budget if you believe it will apply to you.