I am one of the (apparently) 70% of Western Australians who own their own home. Well, actually the bank still owns most of it - I think I can lay claim to the kitchen. In a vain attempt to increase this stake to at least the kitchen, the dining room and the top half of the staircase, I created this home loan calculator.
This simulates a typical home loan with an Australian bank:
If your terms are different, drop me a line and describe them to me. I might be able to incorporate them into this calculation.
I've tried to make this calculation match what a bank would actually do, but I can't guarantee it. Whatever you do, check with a bank as well!
Speaking of banks ... I found that this is not the only Australian home loan calculator available on the Web. The Commonwealth Bank and Westpac both do something similar (Just between you and me, I think mine is better ...)
Gihan Perera gihan@pobox.com
17-Jul-96
http://www.pobox.com/~gihan/homeloan.html
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