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  • Obtain an estimate of how much in useable equity you could unlock and what the new repayments of your existing home loan would be.

  • Home equity loan calculator

    Put simply, equity is the difference between the amount you owe on your home loan and the current value of your property. When buying a second home, you could use some or all of the available equity in your current property as a deposit for your new loan. 

    Do you wish to calculate the useable equity in your current property?  Our handy tool can help! 

    For best results, fill in the outstanding loan amount (including interest rate and home loan duration) and your property value to obtain an estimate of how much in useable equity you could unlock and what the new repayments of your existing home loan would be

  • How much equity you could unlock to borrow more

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    %
      
    years
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    You could unlock useable equity

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    You may be able to borrow more but Lender's mortgage insurance may be applicable.

    Your repayment could be

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    This would be your new repayment if you unlock all of your usable equity

    You need to apply to increase your home loan in order to access useable equity. Applications are subject to RAMS credit criteria, and fees and charges apply.

  • Other calculators and tools you might want to check now:

    Whether buying a new home, refinancing an existing home loan or investing in property, RAMS mortgage calculators can give you an estimate of what your repayments could be, based on your home loan amount, your loan type and the interest rate you think you'll be paying.  Once you get an idea of your mortgage repayments from the calculator, together with the rest of your budget, you'll start to see whether you can realistically afford the home you want to buy.  Your local RAMS franchisee can also help guide you through this process.  

    View all of our calculators.