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Mortgage Repayment Calculator
Calculate the cost of your home loan repayments using our loan repayment calculator to find out how much you can afford to borrow. Compare how different interest rates, loan terms and repayment
frequency can impact the cost of your loan.
Estimated results
Your estimate repayment
$2,061 monthly
Total principal paid
$450,000
Total interest paid
$291,998
Summary
Loan amount
$450,000
Loan term
30 years
Interest rate
3.66%
Payment type
Principal & Interest
Repayment frequency
Monthly
Total extra payment
$0
Total principal paid
$450,000
Total interest paid
$291,998
Estimated repayments
$2,061
monthly
monthly
Mortgage calculator assumptions:
The figures provided should be used as an estimate only, should not be relied on as true indication of your home loan repayments, or a quote or indication of pre-qualification for any home loan product. The figures are based upon the information you put into the calculator. We have made a number of assumptions when producing the calculations including:
Loan term and loan amount
We assume the loan term and loan amount are what you enter into the calculator.
Interest rates
We assume that the rate you enter, is the rate that will apply to your loan for the full loan term – even if you choose:
- a variable rate; or
- an interest only rate which, in practice, will only apply for a limited period after which a different rate will apply.
Interest and repayments
The displayed total interest payable is the interest for the loan term, calculated on the entered interest rate. We make the following assumptions about repayments:
- repayments are made monthly.
- your annual interest charge is divided equally over 12 monthly payments (in practice, interest is calculated daily and charged monthly which can lead to your interest charge varying between months).
- interest is charged to the loan account at the same frequency and on the same day as the repayments are made (this may not be the case in practice).
- only your initial repayment amount is calculated. We assume that this repayment amount is payable for the loan term. In practice, repayment amounts can change for a variety of reasons.
- weekly and fortnightly loan repayment amounts are assumed to be a quarter and a half of the monthly repayment amount respectively.
- when selecting interest-only (IO) repayments, it is assumed the loan reverts to principal and interest (P&I) repayments after three years.
If added, your extra repayment is taken to be made at the same time as your monthly repayment.
Amortisation Schedule
| Years | Principal | Interest | Balance |
|---|---|---|---|
| 0 | $0.00 | $0.00 | $450,000.00 |
| 1 | $8,403.31 | $16,329.96 | $441,596.69 |
| 2 | $8,716.08 | $16,017.19 | $432,880.61 |
| 3 | $9,040.47 | $15,692.80 | $423,840.14 |
| 4 | $9,376.98 | $15,356.29 | $414,463.16 |
| 5 | $9,726.00 | $15,007.27 | $404,737.16 |
| 6 | $10,087.99 | $14,645.28 | $394,649.17 |
| 7 | $10,463.49 | $14,269.78 | $384,185.68 |
| 8 | $10,852.94 | $13,880.33 | $373,332.74 |
| 9 | $11,256.89 | $13,476.38 | $362,075.85 |
| Years | Principal | Interest | Balance |
|---|---|---|---|
| 10 | $11,675.84 | $13,057.43 | $350,400.01 |
| 11 | $12,110.45 | $12,622.82 | $338,289.56 |
| 12 | $12,561.20 | $12,172.07 | $325,728.36 |
| 13 | $13,028.73 | $11,704.54 | $312,699.64 |
| 14 | $13,513.68 | $11,219.59 | $299,185.96 |
| 15 | $14,016.64 | $10,716.63 | $285,169.32 |
| 16 | $14,538.33 | $10,194.94 | $270,630.99 |
| 17 | $15,079.46 | $9,653.81 | $255,551.53 |
| 18 | $15,640.73 | $9,092.54 | $239,910.80 |
| 19 | $16,222.88 | $8,510.39 | $223,687.92 |
| Years | Principal | Interest | Balance |
|---|---|---|---|
| 20 | $16,826.71 | $7,906.56 | $206,861.21 |
| 21 | $17,452.99 | $7,280.28 | $189,408.22 |
| 22 | $18,102.61 | $6,630.66 | $171,305.61 |
| 23 | $18,776.39 | $5,956.88 | $152,529.22 |
| 24 | $19,475.23 | $5,258.04 | $133,053.99 |
| 25 | $20,200.12 | $4,533.15 | $112,853.87 |
| 26 | $20,951.97 | $3,781.30 | $91,901.90 |
| 27 | $21,731.80 | $3,001.47 | $70,170.10 |
| 28 | $22,540.66 | $2,192.61 | $47,629.44 |
| 29 | $23,379.64 | $1,353.63 | $24,249.80 |
| Years | Principal | Interest | Balance |
|---|---|---|---|
| 30 | $24,249.80 | $483.43 | $0.00 |
| $ | $ | $ |
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About the Mortgage Repayment Calculator
Our Mortgage Repayment Calculator is intended to simplify your home loan decisions by providing you with an estimate of your mortgage repayments. These calculations are based on the financed amount requested, the length of the loan term, and the interest rate.
The results of the Basic Repayment Calculator should not be considered a quote, loan offer, or as investment advice, and are provided as a guide only. Your Mortgage recommends that you speak with a financial planner before making the decision to apply for a home loan.
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For home loans, the base criteria include a $500,000 loan amount over 30 years. These rates are only examples and may not include all fees and charges.
*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.
Monthly repayment figures are estimates that exclude fees. These estimates are based on the advertised rates for the specified term and loan amount. Actual repayments will depend on your circumstances and interest rate changes.
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.
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