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Mortgage Repayment Calculator
Model your repayments and see how much time and interest you could save with extra repayments.
Mortgage repayment calculator
Estimate your loan repayments and see how extra repayments can shorten your loan and save interest.
Monthly repayment
$3,597
Payoff time
30.0 yrs
Total interest
$695,029
Balance and cumulative payments
Disclaimers
- This is a model, not a prediction — repayment amounts and periods are estimates only.
- Results are based on the information you enter and do not take your personal circumstances into account.
- The calculator applies to principal-and-interest loans where each repayment covers both interest and a portion of the balance.
- It should not be your sole source of information when making a financial decision — consider getting advice from a licensed professional.
- Using this calculator does not guarantee loan approval — you still need to meet lender criteria.
Assumptions
- Interest rates are assumed to stay the same for the life of the loan.
- Interest is calculated by compounding at the same frequency as the repayment (weekly, fortnightly, monthly, quarterly or annually).
- Up-front costs such as loan establishment fees are not included.
- The calculator does not assess your ability to afford the repayments shown.
- You can model a higher or lower interest rate to see the impact on your repayments.
Assumptions and disclaimers adapted from ASIC MoneySmart.