Mortgage Repayments Calculator.

Raising little superheroes is expensive!

Get a clearer picture of mortgage repayments.

So, how much will your mortgage repayments be? It’s a question you have to ask, and it’s better done sooner than later. It’s possible you’ll get a nice surprise, which could mean a more expensive house or a more luxurious lifestyle. You just don’t know until you crunch the numbers. This calculator will help you get a sharp estimate of how much your fortnightly or monthly repayments could be. It lets you enter your home loan amount, loan type and the interest rate you think you’ll be paying. Once you understand how much is involved, you can add the figures to your budget and see whether you can realistically afford to buy that new home.

What information will I need?

To make the most of our mortgage repayments calculator, you will need to know:

  • Mortgage (Loan) amount – how much you would like to borrow for your home?
  • Mortgage Term – over how many years would you like to repay the mortgage?
  • The interest (mortgage) rate – get a daily snapshot of mortgage rates from different lenders here.
  • Mortgage type – do you want a fixed or floating rate. Learn more about mortgage types here.
  • Payments type – do you want a principal and interest or interest only mortgage?

More helpful calculators.

Whether you need a mortgage calculator to work out your borrowing power, mortgage repayments or some help budgeting to work out what you can afford, we have got your covered.
Budget Planner

Budgeting is the best way to steer your finances, stay in control and prepare for managing your mortgage.

Borrowing Power

Work out how much you could borrow based on some quick questions about your current financial situation.

Fine tune your repayments for long-term benefits.

It’s incredible the difference a few dollars extra a fortnight or month can make to the overall cost of a home loan. Use our calculator to work out how much less interest you’ll pay over the lifespan of your loan if you make simple changes to your spending habits.

Some people make a few budget tweaks to channel some extra money into their repayments. Barista coffee is just one example of everyday spending that could be used for a different purpose. Other examples include only buying home brands when you’re grocery shopping, drinking less wine and having shorter showers (to cut the power bill).

For more information on how to calculate your mortgage repayments, view our recent Mortgage Insight below.

Happy with the numbers?

Now you’ve done all the hard work crunching your numbers, the next step is to talk to a mortgage broker or directly to a lender. They will evaluate your finances and help you make the best mortgage decisions.

Visit our Learning Centre.

Visit the Learning Centre for helpful guides, mortgage insights and the latest market news, including articles by leading independent economist Tony Alexander. Whether you are preparing for your first home, reviewing your mortgage or planning to invest in an additional property, we have a range of articles and guides to help you achieve your goal.

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