Affording A New Home

Home Loan Calculator

Better Built Homes is here to ensure you realise the dream of purchasing your new, better, built home. But before we get to the myriad of modern home designs, the abundance of fixtures and luxury home inclusions that other builders call extras, and the chance to build with the Best Home Builder in Sydney & NSW for three years running. It’s time to balance the budget with our home loan calculator.

Building a new home can be the most exciting time of your life, and we're here to make it as stress-free and seamless as possible. Our budget planning tools and home building calculators allow every budding homeowner to determine repayments, total interest payable and total payments.

Building veteran and, Sales and Marketing Manager for Better Built Homes; Paul Spicer stated that he could have gotten into the property market much earlier if he had access to a home loan repayment calculator 15 years ago.

If you’re on the cusp of home ownership or want to know how close you are to building your dream home, visualise your income and expenses with our home loan calculator and budget for a Better Built Home today.

Simply add your loan amount, interest rate, loan term, repayment frequency and loan type into the home loan calculator below to see your financial summary.

Note: The information provided by the calculator is intended to provide illustrative examples based on stated assumptions and your input. Calculations are meant as estimates only, and it is advised that you consult with a mortgage broker about your specific circumstances. Financial Calculators © VisionAbacus Pty Ltd 2022

Are You Ready For Homeownership?

It’s time to be honest, and take an objective look at your finances. Once you’ve filled out the home loan calculator and reviewed your summary, ask yourself if you are ready for homeownership.

Remember, it’s okay to wait. There are plenty of factors to consider before purchasing a home or a new property, some of which may be out of your control, i.e. interest rates. 

To help you figure out how close you are to owning a Better Built Home, we’ve collated some critical financial information and questions first home buyers should ask themselves before signing on the dotted line. 

Determining Your Price Range

Your current and future financial situation will naturally dictate the kind of home you can afford. Our borrowing power calculator will help you determine a price range, making it easier to narrow your property search. 

How Much Deposit Do I Need For A Home Loan?

Home loan deposits are often the number one question people ask us because of how much it costs to build a home, let alone buy a property or a block of land. Fortunately, homeownership may be closer than you think. According to the four big banks, the average home loan deposit is 20% of the total value of the house or land. With our home loan calculator, you can get a clear picture of your finances, allowing you to focus your budgeting efforts from the beginning better. 

Remember that the larger your home loan deposit, the less you have to borrow, reducing your interest repayments. A larger home loan deposit is advantageous if you can wait a little longer to raise more capital.

Calculating Your Expenses

Our budget planner considers the cost of your lifestyle, your total income (plus Superannuation, and, most importantly, the expenses you incur. By looking at both sides of the equation, you’ll be in a much better position to calculate your costs and determine how far away you are from owning your dream home.

Additional Homeownership Costs

Some of the significant costs associated with homeownership include Mortgage registration fees, Stamp duty, Land transfer registration charges, and fees imposed by conveyancers.

Borrowing Power Calculator

Find out how much you can borrow for a new home based on your current salary and financial commitments.

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Stamp Duty Calculator

Stamp duty is payable on any property transaction in NSW. Calculate the stamp duty payable for your new home.

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A Better Home Building Experience

If you’re confident in your financial position after completing our home loan calculator and ready to build your new home, you’ll be happy to know that we keep things simple from start to finish, thanks to our 8-step building journey.

Once you’ve figured out what type of home is right for you, we’ll work closely with you to bring your dream home to life. If you need a closer look at our modern home designs, check out our Display Homes in western Sydney, or embark on a 3D Virtual House Tour on your own time.

Discover how you can build a new home the easy way with Better Built Homes, the Best Home Builder in Sydney & NSW, for three years running.

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