ING Home Loan Calculator

The ING Home Loan Calculator is a comprehensive tool designed to help you plan and manage your mortgage with ING Direct in Australia and Netherlands. Whether you're a first-time homebuyer or looking to refinance, this calculator provides accurate calculations for various mortgage scenarios.

Basic Calculator

The basic calculator helps you understand your monthly mortgage repayments, total interest over the loan term, and complete amortization schedule. Simply enter your loan amount, interest rate, and loan term to see how your payments break down over time. This is essential for budgeting and understanding the true cost of your mortgage.

Offset Account Calculator

ING Direct offers offset accounts in both Australia and Netherlands, which can significantly reduce the interest you pay on your mortgage. An offset account is a transaction account linked to your home loan. The balance in your offset account is offset against your loan balance when calculating interest, meaning you only pay interest on the difference. This calculator shows you exactly how much interest you can save and how much faster you can pay off your loan with an offset account.

Extra Repayment Calculator

Making extra repayments on your ING home loan can help you pay off your mortgage faster and save thousands in interest. This calculator allows you to model different extra repayment scenarios, including regular monthly extra payments or one-time lump sum payments. See how much interest you'll save and how many months you'll shave off your loan term. ING Direct typically allows extra repayments without penalty, making this a flexible strategy for many borrowers.

Borrowing Power Calculator

Before you start house hunting, it's crucial to know how much you can borrow. The borrowing power calculator uses your income, expenses, and existing debts to determine your maximum loan amount. ING Direct typically uses a debt-to-income ratio of around 35% to assess borrowing capacity. This calculator helps you understand your borrowing limits and plan your property purchase accordingly.

ING Direct Mortgage Features

ING Direct offers competitive mortgage rates in both Australia and Netherlands. In Australia, ING is known for its Orange Advantage home loans with features like offset accounts, redraw facilities, and flexible repayment options. In the Netherlands, ING provides various mortgage products including fixed-rate and variable-rate options. The calculator supports both markets, allowing you to calculate in Australian Dollars (AUD) or Euros (EUR) depending on your location.

Using the Calculator

Start by selecting your country (Australia or Netherlands) and then choose the calculation type that matches your needs. Enter your loan details and any additional information required for your chosen calculator type. The calculator will instantly show you results including monthly payments, total interest, and detailed payment schedules. You can export the payment schedule to CSV for further analysis or record-keeping.

Remember that this calculator provides estimates based on the information you provide. Actual rates and terms may vary based on your credit profile, property value, and other factors. Always consult with ING Direct or a qualified mortgage broker for personalized advice tailored to your specific situation.