Australian Home Loan Calculator

Our home loan calculator is the easiest and quickest way to help you get a better understanding of what your loan repayments will be.

If you are planning to buy a home or invest in a property, you will likely need a home loan. But how much can you afford to borrow? This depends upon the size of the repayments which in turn are based upon the amount you borrow, the interest rate, and the loan term.

What is a home loan calculator?

A home loan calculator is an online tool that will give you an overview of your mortgage. It will help you estimate your repayments and how they will change when the interest rate fluctuates. It will also show the effect of extra repayments on your home loan, and what happens when you add an offset account or lump sum to your home loan.

How to use a home loan calculator

Using a home loan calculator is pretty easy. You just need to enter the interest rate, the term of your loan, the amount you want to borrow, the repayment frequency, and the repayment type. It will automatically calculate what your home loan repayments will be.

Why you should use a home loan calculator

A home loan calculator has its many uses. It allows you to know if you can actually afford the repayments. It can be used to compare the costs and interest rates between several lenders. It can also be used to work out the impact of making extra repayments, or what happens when you change your repayment frequency to fortnightly from monthly. A home loan calculator is a good starting point to compare, research and determine your mortgage repayments.


Keep in mind that using a home loan calculator can only give you a rough estimate of your home loan repayments. This should only use as a guide or reference. Every financial institution applies a different formula, so it’s still best to seek advice from an expert before you make a final decision.

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