Skip to main content Skip to accessibility page Skip to search input

Get answers with our mortgage calculator

Talk to us

Start your journey online

Find out your buying power so you could start house hunting with confidence.

We’ll give you our lowest rate upfront, personalised to your buying scenario.

If you’ve found the perfect property (or you’re refinancing), we will complete a real-time bank valuation.

You can live chat with us to help you complete the application 7 days a week (even outside of business hours).

The Detail

The information on our mortgage calculator is prepared without knowing your personal financial circumstances. Before you act on this, please consider if it’s right for you. If you need help, call 1300 786 029.

Things you should know:

# Higher minimum deposit will be required in some areas. 5% genuine savings required. Loans subject to credit criteria. Where the loan to valuation ratio is 80% or above, lenders mortgage insurance will be required for a fee. Other fees, charges and purchase costs apply. Terms and Conditions available upon application. (Additional funds required for transaction and establishment costs).

1. Interest rate is subject to change.

2. The comparison rate is based on a loan of $150,000 over a 25 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

*This calculation is not an offer of credit but an estimate only of what you may be able to borrow based on the information provided and does not include all applicable fees (except for monthly fees). Your borrowing power amount may be different when you complete a full application and we capture all details relevant to our lending criteria. Our lending criteria and basis upon which we assess what you can afford may change at any time without notice. Before acting on this calculation you should seek professional advice.

All interest rates referred to in the calculators are current. The interest rates represented on this page are Bank of Melbourne Owner Occupier interest rates, do not include any promotional discounts and are subject to change. When assessing ability to service a loan, Bank of Melbourne may use an interest rate that is higher than the current interest rate for the loan requested.

The calculator does not take into account any future refinancing options which may be available.

The calculator does not take into account any grants or any applicable bank fees. For details on fees and charges, please go to

Credit criteria, fees and charges apply. Property valuation: valuation is valid for 90 days. Your upfront bank valuation assessment may require further valuation assessment if your property does not fit lending guidelines. Personalised rate: variable interest rates are subject to change, the rate discount is valid for 14 days. For fixed rates, discounts are valid for 5 days. Support and live chat: dedicated teams are here to help you 7 days a week. Available 8am-10pm Mon-Fri and 9am-5pm Sat-Sun. Bank of Melbourne - A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.