Before you start searching your first home, upgrade, or even your next property investment, it would be a good idea to know how much you could repay, and how much you can save by simply paying off your mortgage a bit faster.
Enter the amount of your loan and the time period in which you believe you will be able to pay the loan- the longest most banks will agree to is 30 years. Click calculate - you will see how much you will pay per week, every fortnight and month with an approximation of how much you will pay in total, including the interest.
You can easily compare various home loans through this calculator. Just fill in your information and you will get how much interest you are paying and saving. You can also find out how you could be impacted by a decrease or increase in interest rates - this is the reason you will be confident that you will still afford to repay your mortgage debts even in case interest rates increase sharply.
With this calculator, you will have a great idea of what you can afford, which will allow you to have you dream home buying goals achieved. The second step will be to meet with our professional financial advisers who will consider your present circumstances and your aspirations.
Select the tool that best suits what you'd like to work out.
Enter your loan amount, interest rate, and term to calculate your weekly, fortnightly, and monthly repayment amounts — plus your total interest paid over the life of the loan.
Note: All figures are based on the assumption that inputs remain constant and are valid only at the time of entry. Calculated on a table-repayments term loan. Actual repayment amounts may vary slightly due to rounding or individual lender terms and conditions. Mortgage repayment is calculated assuming the stated interest rate remains constant throughout the loan period.
Find out how long it will take to pay off your mortgage based on your current repayment amount — and see how paying a little more each period can save you years off your loan and thousands in interest.
Note: All figures are based on the assumption that inputs remain constant and are valid only at the time of entry. Calculated on a table-repayments term loan. Actual repayment amounts may vary slightly due to rounding or individual lender terms and conditions. Mortgage repayment is calculated assuming the stated interest rate remains constant throughout the loan period.