Mortgage Repayment Calculator

Calculate the cost of mortgage repayments. See how different interest rates, loan terms and more can affect a home loan’s cost.

How does this work?

Enter the amount you want to borrow.
Select the loan term from the slider.
Add the interest rate for your loan. We have added the default interest rate, which is today’s average Big 4 owner occupier advertised discounted variable rate (LVR 80%).
Select the repayment type. This is whether you’d be paying back the principal and interest or just the interest (for a certain number of years).
The results are calculated automatically. Select if you’d like to see estimated weekly, fortnightly or monthly values.

Email the results to yourself for future reference.
Check over the repayments graph to see what the total repayment values are over the period.
Go through the full repayment schedule. You can download the file easily on your device.
Click or tap ‘Reset’ to start over.
Browse available loan options right below the calculator.
To see more loan options, click or tap on the Compare home loans button.

Total interest

Total repayments

All calculations are estimates only; they are not guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
It is assumed that data entered into the calculator, including interest rates, do not change for the lifetime of the loan - unless specified.
The Present Value provided by this calculator is displayed as the amount labelled 'Loan amount'.
At the end of the interest-only period, the rate may change. For this calculation, rate switches to the current rate.
The current rate is today’s average big 4 owner occupier advertised discounted variable rate (LVR 80%), unless you have inserted your own rate.
Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.

Months are assumed to be of equal length. However, given some months are longer than others, interest charged may vary depending upon the month.
One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.
The calculator uses the unrounded repayment to derive the home loan summary line graph and repayment schedule. However, institutions may round repayments to the nearest cent.
Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
Calculator does not include the cost of fees or other extra charges.
Calculator does not account for changes to interest rates over time.
This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Consider whether you need financial advice from a qualified adviser.
After the interest only term ends, your repayments will change based on the current* interest rate. This rate is subject to change.Read our full disclaimer.

What if the cash rate changes?