Repayment estimator
Mortgage
Calculator
Move the sliders to estimate your repayments, see how much of the loan is interest rather than principal, and watch your loan to value ratio change as the deposit moves.
Estimated monthly repayment
$3,632.09
- Loan amount
- $600,000
- Loan to value ratio
- 80.0%
- Total interest
- $707,554
- Total repaid
- $1,307,554
- Number of repayments
- 360
Estimate only. Actual repayments depend on the lender, product, fees and your assessed rate. It is not a quote or an offer of credit.
What the calculator does not show
A repayment figure is one part of the picture. These four factors move the real cost more than most people expect.
Loan to value ratio
LVR is the loan divided by the lender's valuation. Under 80% avoids Lenders Mortgage Insurance with most lenders and usually unlocks a sharper rate tier.
Repayment frequency
Fortnightly repayments produce 26 payments a year rather than 24, so more comes off the principal over the life of the loan.
Assessment rate
Lenders test you at a buffer above the actual rate, commonly around three percentage points, so your borrowing power is lower than a repayment figure suggests.
Costs beyond the loan
Stamp duty, conveyancing, building and pest, lender fees and moving costs sit outside the repayment figure. Budget for them separately.
Understand the numbers first
Want the number a lender would actually give you?
Send through your income, deposit and timing and we will run it against our panel of 45 lenders for a real borrowing figure.