Home Loan Repayment Calculator

The RateDetective home loan repayment calculator gives you the opportunity to find what loan amount is affordable for you. Simply type in the amount you are interested in borrowing, enter the applicable interest rate, length of loan and repayment schedule (e.g. weekly, fortnightly, monthly) and press submit! The home loan repayment calculator will tell you exactly what your loan repayments will be. It’s that easy!!

Remember the earlier you pay off your loan, the more money you will save. For example, let’s say you borrow $300,000 at an interest rate of 7.75% over 25 years, your total repayments will equate to $379,795.89. If you choose to change the repayment term to 30 years (only five extra years), your total repayments will equate to $473,725.23. That’s approximately $95,000 of extra payments for extending the loan period.

Please note the results from this calculator should be used as an indication only. There are a large number of lenders in Australia all with different lending conditions and your individual circumstances are unique as well. If you want more precise results please contact us for a free personalised consultation.

Ever wondering are you getting the best interest rate? Let us help you - get Free Mortgage Health Check!

View assumptions used for this calculator

Calendar frequencies

We assume the following:
Months - Each month has an equal number of days and there are 12 in one year.
Year - Contains 52 weeks or 26 fortnights.

Loan Repayment

Loan repayments are rounded to the nearest cents.

Calculate your loan repayments
Loan AmountInterest RateLoan TermMonthly PaymentsInterest Paid
$300,000.009%30 years & 0 months$2,413.87$568,993.20
The amount borrowed ($)
The annual interest rate (%)
Time until loan is fully payed off
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