 Home loan repayment calculatorhttps://ratepool.com.au/calculators/home-loan-repayments Explore another scenario |
Home loan repayment calculatorhttps://ratepool.com.au/calculators/home-loan-repayments Explore another scenario |
See what you could repay and how much interest you could pay. Change the figures to explore a loan that works for your budget.
The starting figures are an example, not a loan offer.
$3,221.51per month
Principal and interest, excluding fees. Final repayment: $3,219.44.
A move from 6.00% to 6.50% is an increase of 0.50 percentage points.
An estimate, not a quote or a prediction of future rates.
How the estimated repayments are split. The mix changes over time even though the regular repayment stays the same.
Monthly estimates use 12 repayments per year.
| Year | Principal repaid | Interest paid | Balance left |
|---|---|---|---|
| 1 | $8,900.23 | $29,757.89 | $491,099.77 |
| 2 | $9,449.18 | $29,208.94 | $481,650.59 |
| 3 | $10,031.98 | $28,626.14 | $471,618.61 |
| 4 | $10,650.73 | $28,007.39 | $460,967.87 |
| 5 | $11,307.65 | $27,350.47 | $449,660.23 |
| 6 | $12,005.08 | $26,653.04 | $437,655.15 |
| 7 | $12,745.53 | $25,912.59 | $424,909.62 |
| 8 | $13,531.64 | $25,126.48 | $411,377.98 |
| 9 | $14,366.24 | $24,291.88 | $397,011.73 |
| 10 | $15,252.32 | $23,405.80 | $381,759.41 |
| 11 | $16,193.05 | $22,465.07 | $365,566.36 |
| 12 | $17,191.80 | $21,466.32 | $348,374.56 |
| 13 | $18,252.16 | $20,405.96 | $330,122.40 |
| 14 | $19,377.91 | $19,280.21 | $310,744.49 |
| 15 | $20,573.10 | $18,085.02 | $290,171.39 |
| 16 | $21,842.00 | $16,816.12 | $268,329.39 |
| 17 | $23,189.17 | $15,468.95 | $245,140.22 |
| 18 | $24,619.43 | $14,038.69 | $220,520.80 |
| 19 | $26,137.90 | $12,520.22 | $194,382.90 |
| 20 | $27,750.03 | $10,908.09 | $166,632.87 |
| 21 | $29,461.59 | $9,196.53 | $137,171.29 |
| 22 | $31,278.71 | $7,379.41 | $105,892.57 |
| 23 | $33,207.92 | $5,450.20 | $72,684.66 |
| 24 | $35,256.11 | $3,402.01 | $37,428.55 |
| 25 | $37,428.55 | $1,227.49 | $0.00 |
We calculate equal principal-and-interest repayments using your loan amount, annual interest rate and term. Interest is compounded at the selected repayment frequency: 12, 26 or 52 periods per year, with payments at the end of each period.
The rate stays constant. Regular payments are rounded to the nearest cent; the final payment is adjusted to clear the balance. Interest retains precision within the calculation, so displayed rounded figures may not add exactly. Fees, taxes, offset balances, extra payments and future rate changes are excluded.
Method: periodic principal and interest, version 1. Lenders may use daily interest and different rounding or payment dates. Confirm their figures before deciding.
Enter the amount you plan to borrow, or the balance you still owe. Use the loan’s interest rate, not its comparison rate. If you are refinancing, enter the years left on your current loan to make a fair comparison.
A longer term can lower each repayment while increasing the total interest. Try a shorter term or a different rate to see the trade-off.
What does a comparison rate include?This calculator covers principal-and-interest loans. It assumes the rate stays the same throughout the term and excludes fees, offset balances and extra repayments. It does not assess what you can afford or whether you qualify for a loan.
For a fixed-rate loan, the rate may change when the fixed period ends. Your lender’s repayment figures may also differ because of daily interest calculations and payment dates.
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