Home loans
Mortgage repayment calculator
See your home loan repayments, the total interest over the loan, and how much sooner extra repayments pay it off.
Principal and interest repayment$3,597a month
$695,029total interest
$1,295,029total repaid
$3,000interest-only repayment a month
Balance over time
| After | Balance owing | Interest paid so far |
|---|---|---|
| 0 years | $600,000 | $0 |
| 5 years | $558,326 | $174,164 |
| 10 years | $502,114 | $333,791 |
| 15 years | $426,293 | $473,808 |
| 20 years | $324,022 | $587,374 |
| 25 years | $186,073 | $665,263 |
| 30 years | $0 | $695,029 |
Assumes the rate stays the same for the whole loan, and doesn’t include fees, offset accounts or lenders mortgage insurance.
Tips
- Fortnightly vs monthly: paying half your monthly amount every fortnight means 26 half-payments a year, the same as 13 monthly payments, which pays the loan off faster.
- Small extras add up: try adding $100 or $200 above to see the years and interest saved.
- Rates change: variable rates move with the market. Try a rate 2% higher to check you could still afford the repayments.