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Calculate your home loan repayments instantly. Adjust loan amount, interest rate, term and frequency to model different scenarios and plan your budget.
Understanding your repayments is the first step to confident home ownership. Use this calculator to see exactly what you'll pay each period and how much interest you'll pay over the life of your loan.
A mortgage repayment calculator helps you estimate how much you'll need to pay on your home loan each month, fortnight or week. By entering your loan amount, interest rate and loan term, you can instantly see your estimated repayment and the total interest you'll pay over the life of the loan.
The calculator uses the standard amortisation formula to determine your repayments. It divides the annual interest rate by the number of payment periods, then calculates the periodic payment needed to fully repay the principal plus interest by the end of the loan term. This gives you a clear picture of your financial commitment before you sign any contracts.
Switching from monthly to fortnightly repayments can save you thousands in interest over the life of your loan. This is because you effectively make 26 half-payments per year (equivalent to 13 monthly payments instead of 12), reducing your principal faster. Use the frequency selector above to compare the difference.
Several factors influence your mortgage repayments including the loan amount, interest rate, loan term, repayment type (principal & interest vs interest-only) and any offset account balances. For a personalised assessment that considers all these factors, contact The Kapital for expert guidance.
You may also want to check your borrowing capacity to understand how much lenders may approve, or use our NSW stamp duty calculator to estimate your upfront purchase costs.