Home loan calculator
Home Loan Repayment Calculator
Estimate what your home loan repayments could look like based on the loan amount, interest rate, loan term and repayment frequency. This calculator provides an estimate only. Actual repayments may vary depending on the lender, loan structure, fees and the way interest is calculated.
Your loan details
Most home loans fall between $10,000 and $5,000,000.
Enter an annual interest rate, for example 6.00.
Your estimated repayments
Estimated monthly repayment
$2,999
- Total repayments
- $1,079,607
- Estimated total interest
- $579,607
Loan summary
- Loan amount
- $500,000
- Interest rate
- 6.00%
- Loan term
- 30 years
- Repayment frequency
- Monthly
Your estimate is based on principal-and-interest repayments, with interest modelled daily on the outstanding loan balance, and assumes the interest rate remains unchanged for the full loan term.
Actual lender calculations may differ because lenders may use different repayment dates, rounding methods, fees, product features and calculation conventions.
Want to understand what this could look like for you?
A calculator is useful for estimating repayments, but your actual options depend on your circumstances and the lending products available.
What can affect your home loan repayments?
Interest rate
Even a small change in the interest rate can affect both your regular repayment and the total interest paid over time.
Loan term
A longer term may reduce the regular repayment but can increase the total interest paid.
Loan amount
The amount borrowed directly affects the repayment required.
Loan structure
Features such as offset accounts, redraw facilities, fixed rates and interest-only periods can change how a loan operates.
This calculator provides an estimate for general information only. Interest is modelled daily using the outstanding loan balance and the annual interest rate divided by 365. It does not constitute credit, financial, legal or tax advice and does not represent a loan offer or approval. Actual repayments may vary depending on the lender, repayment dates, fees, product features, rounding methods and your individual circumstances. Interest rates can change.