Loan Repayment Calculator
Work out what a home loan actually costs you each month before you commit to it. Enter the loan amount, interest rate and term, and the calculator returns your repayment along with the total interest you would pay over the life of the loan.
Use the loan repayment calculator
Calculator results are estimates only and do not take every fee and charge into account. Interest rates and costs change over time, which affects the true cost of a loan. Results should not be relied on when making a decision about a loan. Please discuss your individual circumstances with us before acting.
What the loan repayment calculator tells you
What it shows
Monthly, fortnightly or weekly repayments, total interest paid, and the total amount repaid over the full term.
What you need
Loan amount, interest rate, loan term, and your preferred repayment frequency.
What to do next
Once you know the repayment you are comfortable with, we can work backwards to a realistic purchase price and lender.
Three things worth testing
- Test the loan at a rate two per cent above today’s rate to see how it holds up.
- Compare a 25 year term against 30 years to see the true interest cost of a longer loan.
- Switching from monthly to fortnightly repayments usually shortens the loan by several years.
Frequently asked questions
Is this repayment figure what a lender will actually charge?
Does the calculator include fees and charges?
Turn the numbers into an approval
A calculator gives you an estimate. A broker gives you a lender, a rate and an approval. Talk to Ezy Loans Australia about what these numbers mean for your situation.
About the author
Amrinder Singh is the founder of Ezy Loans Australia and an Australian Credit Representative (number 505232) of Mortgage Australia Group Pty Ltd, Australian Credit Licence 377294. He works with first home buyers, investors and self employed borrowers across Australia, arranging home loans, refinancing, construction finance and asset finance through a broad panel of lenders.
Calculator results are estimates only and do not take every fee and charge into account. Interest rates and costs change over time, which affects the true cost of a loan. Results should not be relied on when making a decision about a loan. Please discuss your individual circumstances with us before acting. Calculators are provided under licence from the Finance Brokers Association of Australia. This page is general information only and does not take your objectives, financial situation or needs into account.
Ezy Loans Australia is a Perth-based mortgage and finance brokerage helping first home buyers, investors and refinancers across Australia secure the right loan with confidence.
Contact Info:
- 905 Hay St, Perth WA 6000
- amrinder@ezyloansaustralia.com.au
- 0432 066 362