Home loan repayments
Estimate your repayments and the total interest over the life of your loan.
Monthly repayment
$3,597
Total interest over the loan
$695,029
Total repaid
$1,295,029
Estimates only, for illustration — they assume a constant interest rate and don't account for fees, a comparison rate, offset accounts or rate changes. Not financial advice. Talk to us for figures based on your situation.
About this calculator
Your repayment is what you pay your lender each period to clear your home loan over its term. On a principal-and-interest loan, part of every repayment covers the interest charged and the rest chips away at the amount you borrowed — so the balance (and the interest on it) falls over time.
Use this calculator to see your repayment at a given loan amount, rate and term, and how much interest you'd pay overall. Switch to interest-only to see the lower repayment while no principal is being paid down — handy when weighing up loan structures.
How it's calculated
- For principal-and-interest, we use the standard amortisation formula on the loan amount, rate and term you enter, then convert it to your chosen repayment frequency. The total interest is that repayment times the number of repayments, minus the amount you borrowed.
- For interest-only, the repayment is just the interest on the balance each period — the loan amount itself isn't reduced — so the total interest is simply each repayment times the number of repayments.
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