Home loans by choice

Calculate your loan repayments

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Loan Repayment Calculator

Calculate your loan repayments and see the impact of extra payments

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Assumptions

  • Does not account for up-front fees. Only ongoing fees are included.
  • Interest rate remains constant throughout the loan term.
  • Interest is compounded at the same frequency as repayments.
  • A year is calculated as 26 fortnights or 52 weeks (364 days).
  • Calculations are precise without rounding until final display.

Do the repayments on your current loan seem high?

Use our fast online tool to compare over 2,500 different home loan options in under a minute and find the right loan for your individual needs.

Loan Repayment and Amortisation Calculator

Understanding your repayments is one of the most important steps when choosing a home loan. Our loan repayment and amortisation calculator helps you estimate what your regular repayments could look like based on your loan amount, interest rate and loan term.

You can adjust the figures to see how changes in rate or loan size may affect your weekly, fortnightly or monthly repayments. It is a simple way to plan ahead and ensure your loan aligns with your budget.

What Is an Amortisation Schedule

An amortisation schedule shows how your loan reduces over time. Each repayment is made up of interest and principal. In the early years, a larger portion of your repayment goes towards interest. As the loan progresses, more of each payment reduces the principal balance.

By viewing your amortisation breakdown, you can see:

  • How much interest you may pay over the life of the loan

  • How long it may take to pay off your loan

  • The impact of making extra repayments

This calculator provides an estimate only. Actual repayments and interest charged will depend on your lender, loan product and individual circumstances.

If you would like tailored guidance, Slice Finance can review your results and compare options across our panel of 70 plus lenders. We will help you structure your loan to suit your goals and ensure your repayments remain manageable both now and into the future.

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Choice

Home Loans By Choice help you compare thousands of loan options from Australian bank and non-bank lenders, get expert help from a local mortgage broker, and explore tools to help you find, buy and own with confidence.

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Able Accounting & Taxation Services Pty Ltd trading as Home Loans By Choice (ABN 77119247997) is authorised under Australian Credit Licence: 421861.

IMPORTANT NOTE: All content is general information only and is subject to change at any given time. Your complete financial situation will need to be assessed before acceptance of any proposal or product. Rates and product information should be confirmed with the relevant financial institution, and you should review the PDS before you decide to purchase. Any recommendations made about a financial product are general advice only and has not taken into account your particular needs and circumstances. You should consider the Product Disclosure Statement to determine if the product is suitable for you before you decide to purchase it.

Home Loans By Choice compares loan options from a range of lenders but may not consider all products available in the market. If you choose to proceed, you may be connected with a licensed mortgage broker who can assist with your application. We may receive a commission if you obtain a loan through our platform. CDR data is sourced from participating Australian financial institutions in accordance with the Consumer Data Right.