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.

Lender

Variable
More details
UNLIMITED REDRAWSSPECIAL OFFER
  • 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%
UNLIMITED 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%
Variable
More details
100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES
  • No upfront or ongoing fees
  • 100% full offset account
  • Extra repayments + redraw services
100% 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
Variable
More details
ZERO APPLICATION FEESFEE FREE OFFSET
  • 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
Variable
More details
NSW/VIC/SA METRO & INNER REGIONAL AREAS$5000 CASHBACK. T&Cs APPLY.
  • 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
Variable
More details
NO UPFRONT OR ONGOING FEES
  • 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
Variable
More details
NO APPLICATION FEES
  • 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
Variable
More details
100% FULL OFFSET ACCOUNT
  • 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
Variable
More details
$0 APPLICATION FEE
  • 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
Variable
More details
NO ONGOING FEES
NO ONGOING FEES

Basic Flyer Home Loan (Principal and Interest) (LVR 60%-70%)

    Variable
    More details
    GET A DISCOUNTED GREEN RATE*
    • 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
    GET 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
    Variable
    More details
    NO UPFRONT OR ONGOING FEES
    • 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
    Fixed
    More details
    BORROW UP TO 95% OF PROPERTY VALUE
    BORROW UP TO 95% OF PROPERTY VALUE

    Fixed Rate Home Loan (Principal and Interest) 3 Years (LVR ≤ 80%)

      Variable
      More details
      100% FULL OFFSET ACCOUNT
      100% FULL OFFSET ACCOUNT

      Offset Package Home Loan (Principal and Interest) (LVR 70%-80%)

        Fixed
        More details

        Fixed Options Home Loan (Principal and Interest) 2 Years (LVR < 70%)

          Fixed
          More details

          Breakfree Package Fixed Rate Home Loan (Principal and Interest) 3 Years (LVR < 80%)

            Variable
            More details
            FREE REDRAW FACILITY
            FREE REDRAW FACILITY

            Basic Flyer Home Loan (Principal and Interest) (LVR 70%-80%)

              Variable
              More details

              Smart Home Loan (Principal and Interest) (LVR < 80%)

                Variable
                More details
                GREAT FLEXIBLE LOAN OPTIONS
                GREAT FLEXIBLE LOAN OPTIONS

                Basic Home Loan (Principal and Interest) (LVR 70%-80%)

                  Fixed
                  More details

                  Premier Package Fixed Options Home Loan (Principal and Interest) 2 Years (LVR < 70%)

                    Variable
                    More details
                    LIMITED TIME OFFER
                    • Fast turnaround times, can meet 30-day settlement
                    • No ongoing or monthly fees, add offset for 0.10%
                    • Extra repayments + redraw services
                    LIMITED 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

                    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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