Home Calculators Purchase: Guarantor Home Loan Calculator

Guarantor Home Loan Calculator

Guarantor home loan calculator

Savings.com.au’s guarantor home loan calculator can help you work out whether you’re likely to be approved for a home loan with a guarantor or not. This calculator will factor in:

The size of your loan and deposit
How much equity your guarantors have in their property)

Not every lender will accept a borrower with a guarantor, while those that do will each have different criteria for who they’ll accept. So consider speaking to a lending specialist and read the terms and conditions of a loan before making a commitment.

Can I get a mortgage with a guarantor?

If you can’t quite manage to scrape together enough for a 20% deposit on the property you desire, another method of securing a home loan is by using a guarantor. This is where someone else (typically an immediate family member like a parent) has agreed to take responsibility for making repayments in the event that you can’t. They might also offer their own property as collateral.

This option can be useful for people who:

Have lower incomes
Are struggling to reach their deposit goal
Have bad credit histories
Have a shaky employment history

But not every loan with a guarantor will be approved. You’ll likely still need to have a decent history of savings while your guarantor(s) will likely need to have a stable income or a sizeable amount of equity in their own property.

Our guarantor home loan calculator can help you figure out if your guarantor will be enough.

Compare Home Loans

Looking for a home loan?

Buying a home or looking to refinance? The table below features home loans
with some of the lowest interest rates on the market for owner occupiers.

Loan amount

Compare

Lender	Advertised rate	Comparison rate*	Monthly repayment	Rate Type	Ongoing Fee	Upfront Fees	LVR	as of May 22, 2022

	2.10^%_p.a.	2.46^%_p.a.	^$1,499	Variable	^$0	^$520	80^%	More details
FEATUREDUNLIMITED REDRAWSSPECIAL OFFER	Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%) Fast turnaround times, can meet 30-day settlement For purchase and refinance, min 20% deposit No ongoing or monthly fees, add offset for 0.10%
FEATUREDUNLIMITED REDRAWSSPECIAL OFFER Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%) Fast turnaround times, can meet 30-day settlement For purchase and refinance, min 20% deposit No ongoing or monthly fees, add offset for 0.10% More details
	2.14^%_p.a.	2.14^%_p.a.	^$1,507	Variable	^$0	^$0	60^%	More details
FEATURED100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES	Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%) No upfront or ongoing fees 100% full offset account Extra repayments + redraw services
FEATURED100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%) No upfront or ongoing fees 100% full offset account Extra repayments + redraw services More details
	2.14^%_p.a.	2.14^%_p.a.	^$1,507	Variable	^$0	^$0	60^%	More details
ZERO APPLICATION FEESFEE FREE OFFSET	Owner Occupier Accelerates - Celebrate (LVR < 60%) (Principal and Interest) We lower your rate based off how much you’ve paid down your loan Automatic rate match No upfront or ongoing fees
ZERO APPLICATION FEESFEE FREE OFFSET Owner Occupier Accelerates - Celebrate (LVR < 60%) (Principal and Interest) We lower your rate based off how much you’ve paid down your loan Automatic rate match No upfront or ongoing fees More details
	2.09^%_p.a.	1.99^%_p.a.	^$1,497	Variable	^$0	^$0	80^%	More details
NSW/VIC/SA METRO & INNER REGIONAL AREAS$5000 CASHBACK. T&Cs APPLY.	Variable Home Loan (Principal and Interest) We lower your rate based off how much you’ve paid down your loan Automatic rate match No upfront or ongoing fees
NSW/VIC/SA METRO & INNER REGIONAL AREAS$5000 CASHBACK. T&Cs APPLY. Variable Home Loan (Principal and Interest) We lower your rate based off how much you’ve paid down your loan Automatic rate match No upfront or ongoing fees More details
	2.24^%_p.a.	2.24^%_p.a.	^$1,527	Variable	^$0	^$0	80^%	More details
NO UPFRONT OR ONGOING FEES	Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 80%) We lower your rate based off how much you’ve paid down your loan Automatic rate match No upfront or ongoing fees
NO UPFRONT OR ONGOING FEES Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 80%) We lower your rate based off how much you’ve paid down your loan Automatic rate match No upfront or ongoing fees More details
	1.99^%_p.a.	2.02^%_p.a.	^$1,476	Variable	^$0	^$530	80^%	More details
NO APPLICATION FEES	Yard Home Loan (Principal and Interest) (Special) (LVR < 80%) We lower your rate based off how much you’ve paid down your loan Automatic rate match No upfront or ongoing fees
NO APPLICATION FEES Yard Home Loan (Principal and Interest) (Special) (LVR < 80%) We lower your rate based off how much you’ve paid down your loan Automatic rate match No upfront or ongoing fees More details
	2.16^%_p.a.	2.27^%_p.a.	^$1,511	Variable	^$0	^$887	60^%	More details
100% FULL OFFSET ACCOUNT	Ocean Owner Occupied (Amounts < $1m, LVR < 60%) We lower your rate based off how much you’ve paid down your loan Automatic rate match No upfront or ongoing fees
100% FULL OFFSET ACCOUNT Ocean Owner Occupied (Amounts < $1m, LVR < 60%) We lower your rate based off how much you’ve paid down your loan Automatic rate match No upfront or ongoing fees More details
	2.34^%_p.a.	2.35^%_p.a.	^$1,547	Variable	^$0	^$799	80^%	More details
$0 APPLICATION FEE	Budget Home Loan (Principal and Interest) (LVR < 80%) We lower your rate based off how much you’ve paid down your loan Automatic rate match No upfront or ongoing fees
$0 APPLICATION FEE Budget Home Loan (Principal and Interest) (LVR < 80%) We lower your rate based off how much you’ve paid down your loan Automatic rate match No upfront or ongoing fees More details
	2.49^%_p.a.	2.49^%_p.a.	^$1,578	Variable	^$0	^$363	70^%	More details
NO ONGOING FEES	Basic Flyer Home Loan (Principal and Interest) (LVR 60%-70%)
NO ONGOING FEES Basic Flyer Home Loan (Principal and Interest) (LVR 60%-70%) More details
	2.13^%_p.a.	2.55^%_p.a.	^$1,505	Variable	^$0	^$520	90^%	More details
FEATUREDGET A DISCOUNTED GREEN RATE*	Green Home Loan (Principal and Interest) Low rate home loan with added benefits, add offset for 0.10% Save thousands & make an environmentally conscious choice on your loan for homes less than 12 months old Get a 7.0 star NatHERS rating or higher for up to 1.79% discount on your variable rate home loan T&Cs apply
FEATUREDGET A DISCOUNTED GREEN RATE* Green Home Loan (Principal and Interest) Low rate home loan with added benefits, add offset for 0.10% Save thousands & make an environmentally conscious choice on your loan for homes less than 12 months old Get a 7.0 star NatHERS rating or higher for up to 1.79% discount on your variable rate home loan T&Cs apply More details
	3.04^%_p.a.	3.04^%_p.a.	^$1,695	Variable	^$0	^$0	95^%	More details
NO UPFRONT OR ONGOING FEES	Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 95%) Low rate home loan with added benefits, add offset for 0.10% Save thousands & make an environmentally conscious choice on your loan for homes less than 12 months old Get a 7.0 star NatHERS rating or higher for up to 1.79% discount on your variable rate home loan T&Cs apply
NO UPFRONT OR ONGOING FEES Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 95%) Low rate home loan with added benefits, add offset for 0.10% Save thousands & make an environmentally conscious choice on your loan for homes less than 12 months old Get a 7.0 star NatHERS rating or higher for up to 1.79% discount on your variable rate home loan T&Cs apply More details
	3.89^%_p.a.	3.25^%_p.a.	^$1,884	Fixed	^$6	^$799	80^%	More details
BORROW UP TO 95% OF PROPERTY VALUE	Fixed Rate Home Loan (Principal and Interest) 3 Years (LVR ≤ 80%)
BORROW UP TO 95% OF PROPERTY VALUE Fixed Rate Home Loan (Principal and Interest) 3 Years (LVR ≤ 80%) More details
	2.49^%_p.a.	2.76^%_p.a.	^$1,578	Variable	^$248	^$363	80^%	More details
100% FULL OFFSET ACCOUNT	Offset Package Home Loan (Principal and Interest) (LVR 70%-80%)
100% FULL OFFSET ACCOUNT Offset Package Home Loan (Principal and Interest) (LVR 70%-80%) More details
	3.99^%_p.a.	4.61^%_p.a.	^$1,907	Fixed	^$8	^$600	70^%	More details
	Fixed Options Home Loan (Principal and Interest) 2 Years (LVR < 70%)
Fixed Options Home Loan (Principal and Interest) 2 Years (LVR < 70%) More details
	3.59^%_p.a.	3.15^%_p.a.	^$1,816	Fixed	^$0	^$0	80^%	More details
	Breakfree Package Fixed Rate Home Loan (Principal and Interest) 3 Years (LVR < 80%)
Breakfree Package Fixed Rate Home Loan (Principal and Interest) 3 Years (LVR < 80%) More details
	2.54^%_p.a.	2.54^%_p.a.	^$1,589	Variable	^$0	^$363	80^%	More details
FREE REDRAW FACILITY	Basic Flyer Home Loan (Principal and Interest) (LVR 70%-80%)
FREE REDRAW FACILITY Basic Flyer Home Loan (Principal and Interest) (LVR 70%-80%) More details
	2.73^%_p.a.	2.75^%_p.a.	^$1,629	Variable	^$0	^$520	80^%	More details
	Smart Home Loan (Principal and Interest) (LVR < 80%)
Smart Home Loan (Principal and Interest) (LVR < 80%) More details
	2.49^%_p.a.	2.49^%_p.a.	^$1,578	Variable	^$0	^$363	80^%	More details
GREAT FLEXIBLE LOAN OPTIONS	Basic Home Loan (Principal and Interest) (LVR 70%-80%)
GREAT FLEXIBLE LOAN OPTIONS Basic Home Loan (Principal and Interest) (LVR 70%-80%) More details
	3.69^%_p.a.	3.69^%_p.a.	^$1,839	Fixed	^$395	^$0	70^%	More details
	Premier Package Fixed Options Home Loan (Principal and Interest) 2 Years (LVR < 70%)
Premier Package Fixed Options Home Loan (Principal and Interest) 2 Years (LVR < 70%) More details
	2.24^%_p.a.	2.72^%_p.a.	^$1,527	Variable	^$0	^$520	80^%	More details
FEATUREDLIMITED TIME OFFER	Smart Booster Home Loan Discounted Variable - 1yr Fast turnaround times, can meet 30-day settlement No ongoing or monthly fees, add offset for 0.10% Extra repayments + redraw services
FEATUREDLIMITED TIME OFFER Smart Booster Home Loan Discounted Variable - 1yr Fast turnaround times, can meet 30-day settlement No ongoing or monthly fees, add offset for 0.10% Extra repayments + redraw services More details

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of May 22, 2022. View disclaimer.

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The entire market was not considered in selecting the above products. Rather, a cut-down portion of the market has been considered. Some providers' products may not be available in all states. To be considered, the product and rate must be clearly published on the product provider's web site. Savings.com.au, yourmortgage.com.au, yourinvestmentpropertymag.com.au, and Performance Drive are part of the Savings Media group. In the interests of full disclosure, the Savings Media Group are associated with the Firstmac Group. Read about how Savings Media Group manages potential conflicts of interest, along with how we get paid.

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Guarantor Home Loan Calculator