Keystone Home Loans

Free calculator

Home Loan Repayments Calculator

Work out your weekly, fortnightly or monthly home loan repayments, the interest you'll pay over the life of the loan, and how much extra repayments or an offset account could save.

How to use this calculator

Your loan

Example rates only. Picking a loan type sets the rate, which you can change.

Try adding 0.5% to see what a rate rise would do.

Most lenders offer up to 30 years.

Repayment frequency

Matching your pay cycle makes budgeting easier.

Repayment type

Interest only is usually for investment or construction loans, and only for a few years.

Pay it off faster

See what extra repayments, an offset account or a lump sum could save you.

Monthly repayment$2,396 / month

Your repayments

Monthly repayment

$2,396

per month for 30 years

Variable rate
5.99% p.a.
Total interest
$462,428
Total repayments
$862,428
Loan paid off in
30 years
Book a free consultation to confirm your numbers

Estimate only, not an offer of credit or financial advice. Lenders apply their own rates, fees and assessment rules.

How your loan goes down

What you still owe each year, with the interest still to come on top.
Show
Principal plus interest to comePrincipal owing

Still owing
$574,951
Principal left
$334,653
Interest to come
$240,298

After 10 years you'll have paid off 33% of the total cost of the loan.

How this calculator works
  • Repayments are worked out at the frequency you choose, assuming 12 equal months, 26 fortnights or 52 weeks a year. Most lenders charge interest daily, so real figures differ a little.
  • The interest rate stays the same for the whole term. Fixed loans switch to an example variable rate of 6.29% p.a. when the fixed period ends.
  • Interest-only loans switch to principal and interest for the rest of the term, which is why repayments go up.
  • Extra repayments are added to every regular repayment. The offset balance stays the same for the life of the loan. The lump sum is paid at the start.
  • Repayments and totals are rounded up to the next dollar. Fees, charges and rate changes aren't included.
Calculator on a phone next to a keyboard and notebook

What’s your loan repayment?

Are you considering taking out a home loan in Australia? One of the most important factors to consider is your loan repayment amount.

Our Home Loan Repayments Calculator is a powerful tool that can help you estimate your monthly repayments based on your loan amount, interest rate, and loan term.

Whether you’re a first-time homebuyer or looking to refinance your existing mortgage, this calculator can provide valuable insights to help you make informed decisions.

Want advice from an experienced Sydney mortgage broker? Then please book a free call with Phillip.

No Obligations

How to use

How To Estimate Loan Repayments

Using our Home Loan Repayments Calculator is simple and straightforward. Here’s a step-by-step guide:

Choose your loan type

The default we recommend you use is “variable with offset” which will give you a general idea. If you are looking at fixing your interest rate, then choose a time period to fix for, from 1 to 5 years ...

Select your interest rate

We recommend you leave this at the rate that is set as the default.
If you want to see what will happen to your loan repayments after one or two rate rises, then add another 0.5%.

Choose your repayment frequency

We always recommend you line this up with your pay frequency. We think that weekly is the better alternative in general as you are chipping away at your loan balance in smaller chunks rather than one...

Select repayment type

Leave this on “Principal & interest” as the default, which means you are repaying some of the actual loan balance each month, plus the interest back to the bank. “Interest only” is usually an option f...

5 Interest Rate Tips

Home Loan Repayments Calculator

You may not be eligible for the lowest rate

The rate you get will depend on your personal financial situation and meeting the lender’s requirements around deposit / equity, income, debts, expenses and credit score.

Be aware of honeymoon rates

Banks will often advertise a low variable interest rate to attract you then within the first year that rate will have risen again.

Most people pay their home loan off twice

Over the 30 year term, they pay off the principal and about the same amount in interest.

Extra repayments and an offset account can help you pay it off sooner.

Check if refinancing will actually save  you money

There are costs associated with refinancing that will eat away at the savings you are trying to make so make sure you have an experienced refinance broker view it for you.

Might be better to just ask your lender for a lower rate

You may find that by calling your lender and asking for a better rate, they may just give you it if they want to keep you as a customer. That way you keep your savings without having to go through the full process and cost of changing banks.