Calculators

How much could I borrow?

This loan is for

No. of dependants

Postcode where I/we will be living

My salary before tax Excludes super, packaging or Fringe Benefits as well as bonuses, overtime and share options.

The other borrower’s salary before tax

Rental income Rent you're receiving now / expect to receive.

Other income Like dividends, bonuses, loadings, packaging or other Fringe Benefits – excludes salary and super.

Basic living expenses

Other expenses

Total credit card & overdraft limit e.g. $15k credit limit + $5k overdraft = $20k

Investment property expenses

Current home loan repayments Repayments on the home you live in, if none leave blank.

Current investment home loan repayments Repayments on all your investment properties, if none leave blank.

Current personal/other loan repayments e.g for a holiday

Please enter a valid postcode

You could borrow up to

${{data.loans[0].borrowingPower | number:0}} Assuming a {{ data.loans[0].loanPeriod.initial }} year term at an interest rate of {{ data.loans[0].interestRate.ongoing.percent }} % p.a.

Call us on 13 RAMS, thats 13 7267 about your situation to find the best solution for you.

Meet with us

Have us call you

Compare all home loans

This calculator estimates an amount you may be able to borrow, based on the information and interest rate you input. If you change any of the information, including the interest rate, you will obtain a different result. The result does not include any applicable fees. This is not an offer of credit, and you should not rely on it. The actual amount you can borrow can only be determined once you submit a full application to us and we assess your application using our credit criteria applicable at that time. These estimates are indicative only and actual costs and the amount you could borrow may vary based on a number of factors including loan purpose. Before acting on the results of this calculator you should seek professional advice and contact your local RAMS Home Loan Specialist.

How much could my repayments be?

{{applicantDictionary(tmp.applicants)}} want to borrow

for

years

with a variable interest rate of

% p.a.

with a repayment type of

for

years

Based on the amount you want to borrow, an estimate of your minimum repayments is

${{ data.loans[0].calculators.initial.initialRepaymentByPeriodTotal | number:2}} a

over {{ data.loans[0].loanPeriod.initial }} years

Interest only repayments in the first {{ data.loans[0].loanPeriod.interestOnly }} years

${{ data.loans[0].calculators.initial.initialInterestOnlyRepaymentByPeriodTotal | number:2}} a

and, principal and interest repayments for the remainder of the life of the loan

${{ data.loans[0].calculators.initial.initialRepaymentByPeriodTotal | number:2}} a

Call us on 13 RAMS, thats 13 7267 about your situation to find the best solution for you.

What's the difference between Principal and interest and interest only?

You would save

You would pay an extra

${{data.loans[0].calculators.compare.saving.amount | number:2}}

in interest over the life of the loan

{{ data.loans[0].calculators.initial.initialRepaymentPeriod.label | capitalize }}ly interest only repayments in the first {{ data.loans[0].loanPeriod.interestOnly }} years

$ {{ data.loans[0].calculators.initial.initialInterestOnlyRepaymentByPeriodTotal | number:2}}

{{ data.loans[0].calculators.initial.initialRepaymentPeriod.label | capitalize }}ly Principal and interest repayments for the remainder of the life of the loan {{ data.loans[0].calculators.initial.initialRepaymentPeriod.label | capitalize }}ly principal and interest repayments over {{ data.loans[0].loanPeriod.initial }} years

$ {{ data.loans[0].calculators.initial.initialRepaymentByPeriodTotal | number:2}}

Total payable

${{data.loans[0].calculators.initial.total.payable | number:2}}

Interest - ${{data.loans[0].calculators.initial.total.interest | number:2}}

Principal - ${{data.loans[0].calculators.initial.total.principle | number:2}}

{{ data.loans[0].calculators.initial.initialRepaymentPeriod.label | capitalize }}ly interest only repayments in the first {{ data.loans[0].loanPeriod.interestOnly }} years

$ {{ data.loans[0].calculators.compare.comparisonInterestOnlyRepaymentByPeriodTotal | number:2}}

$ {{ data.loans[0].calculators.compare.comparisonRepaymentByPeriodTotal | number:2}}

Total payable

${{data.loans[0].calculators.compare.total.payable | number:2}}

Interest - ${{data.loans[0].calculators.compare.total.interest | number:2}}

Principal - ${{data.loans[0].calculators.compare.total.principle | number:2}}

Meet with us

Have us call you

Compare all home loans

The interest rate that appears when you open the calculator is the current RAMS Essential Home Loan for principal and interest repayments for owner occupiers, as indicated on rams.com.au/all-rates, and is subject to change. When assessing ability to service a loan, we may use an interest rate that is higher than the current interest rate for the loan requested. The output of each calculator is subject to the assumptions provided under each calculator, which are also subject to change. This calculator estimates your monthly principal and interest or interest only loan repayments (but does not include monthly or annual service fees). You can adjust the variables within the calculator. For example, you can see how increasing your repayment amount could impact on the estimated interest payment and loan term. If you change any of the information, including the amount borrowed or the interest rate, you will obtain a different result. These calculations do not constitute an offer of credit or a quote and are only an estimate of what you may be able to borrow based on the accuracy of the information provided. You should not rely on it. The actual amount you can borrow, and the applicable loan repayments, can only be determined once you submit a full application to us and we assess your application using our credit criteria applicable at that time. These estimates are indicative only and actual costs and the amount you could borrow may vary based on a number of factors including loan purpose and repayment type (principal and interest or interest only). Before acting on the results of this calculator you should seek professional advice and contact your local RAMS Home Loan Specialist.

What are the upfront costs and ongoing?

located in

looking for

with a value of

borrowing amount of

No. of dependants

Total gross income of all borrowers

You would need a deposit of ${{data.loans[0].calculators.upfrontCosts.depositRequired | number: 0}}

Your estimated upfront costs would be

${{ data.loans[0].calculators.upfrontCosts.totalUpfrontCosts | number:0 }}

Your estimated ongoing costs would be

${{ data.loans[0].calculators.ongoingCosts.totalOngoingCosts | number:0 }} per month

What makes up the upfront costs and ongoing costs?

Upfront costs

Government fees

Mortgage registration fees

$ {{ data.loans[0].calculators.upfrontCosts.government.mortgageRegistration | roundup | number : 0}}

Transfer fee

$ {{ data.loans[0].calculators.upfrontCosts.government.transfer | roundup | number : 0}}

Stamp duty on property

$ {{ data.loans[0].calculators.upfrontCosts.government.stampDuty | roundup | number : 0 }}

You may be eligible to choose annual property tax instead of upfront stamp duty. Please visit Service NSW Website for further details.

Mortgage duty

$ {{ data.loans[0].calculators.upfrontCosts.government.mortgageDuty | roundup | number : 0}}

Government grants

First home owner grant

$ {{ data.loans[0].calculators.upfrontCosts.government.firstHomeGrant | number : 0}}

If you are building new home and the total value of land and building is up to $750,000 then you may be eligible for First Home Owner Grant. Please refer to Office of State Revenue website for further details.

The First Home Owner grant is based on assumption that the total value of land and building is less than or equal to $750,000.

RAMS fees

$285 Loan settlement fee and $595 Application fee waived for RAMS Full Feature, Fixed Rate and Line of Credit home loans with a Value Advantage Package ($149 p.a.) - ie those two fees are $0.

RAMS Essential and Fixed Rate Classic home loans are not eligible for a Value Advantage Package.

Loan settlement fee

Application fee

Lender's Mortgage Insurance

$ {{ data.loans[0].calculators.upfrontCosts.lmi| number : 0}}

Other upfront costs to consider

Moving fees

$ {{ (data.loans[0].calculators.upfrontCosts.movingFee.value != '') ? (data.loans[0].calculators.upfrontCosts.movingFee.value| number: 0) : ' ' }}

Pest Inspection

$ {{ (data.loans[0].calculators.upfrontCosts.pestInspection.value != '') ? (data.loans[0].calculators.upfrontCosts.pestInspection.value | number: 0) : ' ' }}

Conveyancing Fees

$ {{ (data.loans[0].calculators.upfrontCosts.conveyancingFee.value != '') ? (data.loans[0].calculators.upfrontCosts.conveyancingFee.value | number: 0) : ' '}}

Ongoing costs

Repayments

$ {{ data.loans[0].calculators.ongoingCosts.repayments | number : 0}}/month

Assuming a {{ data.loans[0].loanPeriod.initial }} year loan term on RAMS Essential Home Loan with a variable interest rate of {{ (data.loans[0].calculators.upfrontCosts.residencyType == 0) ? data.loans[0].interestRate.ongoing.percent : data.loans[0].interestRate.ongoingInvestor.percent }}% p.a., comparison rate* of {{ (data.loans[0].calculators.upfrontCosts.residencyType == 0) ? data.loans[0].interestRate.comparison.percent : data.loans[0].interestRate.comparisonInvestor.percent }}% p.a. and $0 account keeping fee.

If you wish to calculate your estimated monthly repayments using a different interest rate, please use our How much could my repayments be calculator.

RAMS fees

RAMS Full Feature, Fixed Rate and Line of Credit home loans are eligible for a Value Advantage Package ($149 p.a.). (Please note: Whilst the Package Fee is paid annually, 1/12th of the annual fee is included in “Your estimated ongoing costs” above)

RAMS Essential home loans have no Account Keeping Fees and are not eligible for a Value Advantage Package (ie those fees are $0).

Account Keeping Fees

Some other ongoing costs to consider

Strata fees

$ {{ (data.loans[0].calculators.ongoingCosts.strata.value != '') ? (data.loans[0].calculators.ongoingCosts.strata.value | number: 0) : ' ' }} /month

Council rates

$ {{ (data.loans[0].calculators.ongoingCosts.council.value != '') ? (data.loans[0].calculators.ongoingCosts.council.value | number: 0) : ' ' }} /month

Utilities

$ {{ (data.loans[0].calculators.ongoingCosts.utility.value != '') ? (data.loans[0].calculators.ongoingCosts.utility.value | number: 0) : ' ' }} /month

Home and contents insurance

$ {{ (data.loans[0].calculators.ongoingCosts.homeContentInsurance.value != '') ? (data.loans[0].calculators.ongoingCosts.homeContentInsurance.value | number: 0) : ' ' }} /month

Meet with us

Have us call you

Compare all home loans

The results of this calculator are estimates only. They are based on the information you have provided. If you change any of the information, including the interest rate, you will obtain a different result. Other fees, charges and costs may apply. This is not an offer of credit, and you should not rely on it. The actual amount you can borrow, and the applicable loan repayments, can only be determined once you submit a full application to us and we assess your application using our credit criteria applicable at that time. These estimates are indicative only and actual costs and the amount you could borrow may vary based on a number of factors including loan purpose. Before acting on the results of this calculator you should seek professional advice and contact your local RAMS Home Loan Specialist. Comparison rate
*Please note: The comparison rate for the relevant product is based on a loan of $150,000 over a term of 25 years. WARNING: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.