First Home Buyers

Your Trusted Partner For First Home Buying

Your Trusted Partner For First Home Buying

Taking the first step into homeownership can feel overwhelming, but it doesn’t have to be. At Lending Array, we specialise in guiding first-home buyers through every stage of the process, making it smooth and stress-free. From understanding government grants like the First Home Owner Grant (FHOG) and Stamp Duty Exemptions to navigating loan options and deposit requirements, our team ensures you’re informed and confident in every decision.

With Lending Array by your side, you’ll have a trusted partner who simplifies the journey of buying your first home. We’ll help you calculate monthly repayments, determine the right loan size, and access all available benefits tailored to first-home buyers. From applying for financing to turning the key to your dream home, we’re here every step of the way to make your home-buying experience as exciting as it should be!

Personalised Guidance For First Home Buyers

At Lending Array, we know that stepping into the world of home ownership for the first time can feel overwhelming—especially when trying to understand the intricacies of home loans. That’s why we’re here to simplify the journey, offering personalised support every step of the way.

Here’s How We Help First Home Buyers:

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Description

This interest only mortgage calculator helps you work out what your regular repayments during and after interest only period will be based on your loan amount. Repayments frequency can be changed to monthly, fortnightly or weekly. Calculate both Principal and Interest repayments for a loan term.

Assumptions
  • It does not take into account any possible up-front fees. Only Ongoing fees are used not Upfront or End of loan fees (i.e. discharge costs)
  • Interest rate does not change over the loan term.
  • Interest is calculated by compounding on the same repayment frequency selected, i.e. weekly, fortnightly, monthly. In practice, interest compounding frequency may not be the same as repayment frequency.
  • It is assumed that a year consists 26 fortnights or 52 weeks which is counted as 364 days rather than 365 or 366 days.
  • No rounding is done throughout calculation whereas repayments are rounded to at least the nearer cent in practice.