Home Loan Repayment Calculator

Use our free House Loan Repayment Calculator to estimate your monthly repayments in seconds.
Plan your home loan with confidence and understand what your repayments could look like before you apply.

Instant & Free

Get quick repayment estimates within seconds.

Accurate Estimates

Plan smarter with reliable home loan repayment insights.

Home Loan Calculator

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**Note: For exceeding 120 no. of payments, a group of 12 payments will be combined into a single payment number for better chart visibility.

Period Payment Interest Balance
Talk to a Mortgage Broker

Calculator Disclaimer

The results generated by this House Loan Repayment Calculator are estimates only. Actual repayments may vary depending on lender policies, fees, interest rates and your financial circumstances.

How to Use Our House Loan Repayment Calculator

Getting your estimated home loan repayments only takes a minute.

  • Enter Loan Amount Enter the total amount you plan to borrow for your home
    purchase or refinance.
  • Select Loan Term Choose the number of years you want to repay your loan, such as 20, 25 or 30 years.
  • Add Interest Rate Enter the expected annual interest rate offered by your lender or compare different rates.
  • View Your Estimated Repayments Click Calculate to instantly see your estimated repayments, total interest payable and overall loan cost.

Understanding Your Home Loan Repayments

Every home loan repayment is made up of two parts:

  • Principal: The amount you borrowed from the lender.
  • Interest The cost charged by the lender for borrowing the money.
  • Total Repayment The combined amount of principal and interest paid throughout the loan term.
  • Extra Repayments Making additional repayments can reduce both your loan term and the total interest you pay over time.

Understanding how repayments work helps you make better financial decisions and potentially save thousands over the life of your loan.

Factors That Affect Your House Loan Repayments

Several factors influence how much you’ll repay each month. Understanding these variables allows you to choose a loan that better suits your financial goals.

Loan Amount

The more you borrow, the higher your monthly repayments will generally be.

Interest Rate

Even a small change in interest rates can significantly impact your total repayment amount over the life of the loan.

Loan Term

Longer loan terms reduce monthly repayments but usually increase the total interest paid.

Deposit Amount

A larger deposit reduces the amount you need to borrow, resulting in lower repayments.

Extra Repayments

Making additional repayments can help reduce interest costs and allow you to pay off your home loan sooner.

Frequently Asked Questions

1. How accurate is this House Loan Repayment Calculator?

Our calculator provides repayment estimates based on the information you enter. Actual repayments may vary depending on your lender, loan product, fees and interest rates.

2. Does the calculator include lender fees?

No. The calculator estimates repayments using the loan amount, interest rate and loan term. Establishment fees, ongoing fees and government charges are not included.

3. What interest rate should I use?

Use the advertised interest rate for your chosen home loan, or contact our mortgage brokers for a personalised estimate based on your circumstances.

4. Can I include extra repayments?

Yes. Enter any additional repayment amount to see how paying extra could reduce your loan term and total interest.

5. How does the loan term affect repayments?

A shorter loan term generally means higher monthly repayments but lower total interest, while a longer loan term lowers monthly repayments but increases the overall interest paid.

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