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HOME EQUITY CALCULATOR

Considering drawing out the equity (cash advance from built up equity) in your current property?

For accessing the equity built up; you may either consider refinancing your mortgage loan (Cash-advance refinancing offers you additional surplus funds over and above the amount required to pay out your existing mortgage loan) or approach your current lender for an increase in your current home loan limit.

In consideration of either option it will be necessary for the lender to undertake a property valuation.

Using our Home Equity Cash-advance Calculator will provide you with a basic guide of the equity availability in your current property.

The amount of equity available will largely depend upon the valuation amount of your property.

Simply complete the required information under "Property details”.

Once the property details are completed press "Calculate". You will then be provided with an approximate loan amount. Please refer to the Disclaimer and Calculator Assumptions herewith.

Property Details
My property estimated market value is $
My current loan owing is $

Disclaimer

  1. The amount shown in this "Home Equity" calculator is indicative and only to be used as a guide only. It is not guaranteed by any bank.
  2. The amount shown is an estimate only and may vary depending on different factors such as your area/suburb of residence, your credit history, employment status, changes in interest rates and other banking assessment policy guidelines.
  3. True borrowing amount can only be derived by completing a bank loan application form and submitting with all supporting income and expense documentation to a prospective bank.
  4. The amount shown in the "Home Equity" calculator does not constitute an offer for a loan. You must formally apply to a banking institution to obtain a formal loan offer.
  5. Consideration of deposit contribution and your annual income will determine your borrowing power.
  6. All Banks will require for an applicant to be employed at the time of applying for a Loan.
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