Mortgage repayments calculator
By using this home loan repayment calculator you can work out what your minimum weekly, fortnightly or monthly repayments would be for the amount you are planning to borrow.
Your borrowing power estimate:
You may be able to borrow up to:
Value of the property:
Use the lowest rate from Mortgage Choice’s lender panel Use a different rate
I want to borrow
Your interest only monthly repayment
Full monthly repayment thereafter
Your monthly repayment will be:
rate Line of credit Professional Package 1 year fixed interest 3 year fixed interest 5 year fixed interest
We’ve updated the results with the lowest rate from our lender panel based on your selected options.
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What will your home loan repayments be?
Our mortgage repayment calculator helps you work out how different loan repayment frequencies will affect your home loan.Generally, the more frequent your home loan repayments, the less total interest you’ll pay over the life of your loan. It’s good to plan your repayments in with your normal banking incomings and outgoings, so if you get paid monthly, it could be easy to make your mortgage repayments at the same time.
Our calculator also allows for you to calculate mortgage repayments on different kinds of loans, including principal and interest or interest only loans.
To work out the best home loan term, payment frequency and repayment type, contact your local mortgage broker to organise a consultation at no cost to you. Our experts can help to analyse your individual situation to find the right option for you.
Crunch your numbers on the go
The results from these calculators are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.
The borrowing amount is a guide only. Loan repayments are based on the lowest interest rate (either standard variable or 3-year fixed rate, owner occupier) from our lender panel over a repayment period of 30 years. Rates and repayments are indicative only and subject to change. The results from this calculator are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.
The lowest interest rate from our lender panel is either standard variable or 3-year fixed for an owner-occupier. Rates and repayments are indicative only and subject to change. The results from this calculator are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.
Talk to a Mortgage Choice expert
Established in 1992 by brothers Rod and Peter Higgins, Mortgage Choice was founded with the aim to help Australians improve their financial situation by offering a choice of home loan providers, coupled with the expert advice of a mortgage professional.
Since that time, we have grown and developed into a fully fledged financial services provider, and our founding principle remains very much at the heart of what we do.
Over 25 years of industry experience has taught us that you want advice you can trust and understand, from experts who have your best interests at heart. We now have the ability to deliver this across various financial products, including home loans, financial planning, car loans, personal loans, commercial loans, asset finance, deposit bonds, as well as risk and general insurance.
The information provided on this website is for general education purposes only and is not intended to constitute specialist or personal advice. This website has been prepared without taking into account your objectives, financial situation or needs. Because of this, you should consider the appropriateness of the advice to your own situation and needs before taking any action. It should not be relied upon for the purposes of entering into any legal or financial commitments. Specific investment advice should be obtained from a suitably qualified professional before adopting any investment strategy. If any financial product has been mentioned, you should obtain and read a copy of the relevant Product Disclosure Statement and consider the information contained within that Statement with regard to your personal circumstances, before making any decision about whether to acquire the product. You can obtain a copy of the PDS by emailing [email protected] or by calling 13 77 62.
#The comparison rate provided is based on a loan amount of $150,000 and a term of 25 years. WARNING: This Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.
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