Home loan repayment calculator

Estimates only

Your numbers

Enter a loan amount and interest rate to see your estimate.

Work out roughly what your repayments could look like. Enter the loan amount, the rate you've been quoted and the loan term. We don't fill in a rate for you, because the right one depends on your lender, loan and situation.

What this doesn't include

Fees. Application, settlement, annual package and ongoing fees aren't counted.
Rate changes. It assumes your rate stays the same for the whole term. Variable rates move, and fixed rates end.
Offset and extra repayments. Money in an offset account or extra repayments can cut your interest and your loan term.
Your borrowing power. It shows repayments on a loan amount, not whether a lender would approve it.

Questions, answered

Why don't you fill in an interest rate?

Rates differ by lender, loan type, deposit size and your situation, and they change often. A default rate could leave you with the wrong picture, so we ask you to enter the rate you've actually been quoted.

Are fortnightly repayments cheaper than monthly?

They can be. There are 26 fortnights in a year, so paying every fortnight can add up to slightly more each year than 12 monthly payments, which may shorten your loan. How it works depends on how your lender calculates fortnightly repayments, so check with them.

What's the difference between principal and interest and interest only?

Principal and interest repayments pay down the loan as well as the interest. Interest-only repayments cover just the interest, so the balance doesn't fall. When the interest-only period ends, repayments usually rise because the full balance is repaid over a shorter remaining term.

How accurate is this?

It's a guide. Lenders round and calculate interest in slightly different ways, and fees and rate changes aren't included. Your lender's loan documents will show your actual repayments.

More calculators

Offset and extra repayments calculatorSee how much interest an offset account or extra repayments could save.Open calculator →

Talk it through

Want numbers based on real lender options? Book a chat, email ugur@demir.loans or call 0495 000 228. Free, no obligation.

This calculator gives estimates only, based on the figures you enter. It assumes the rate stays the same for the whole loan term and doesn't include fees, charges or rate changes. It isn't a quote, a credit offer or an indication that you'd be approved for a loan. It's general information only and doesn't take your objectives, financial situation or needs into account. No interest rates are quoted on this website.