There are many factors that can have an impact on your repayments, the most obvious ones being the interest rate and the loan amount. How does my loan term, frequency and repayment type impact my repayments? This means whatever interest rate you use will be applied for the whole loan term. While there are many factors that can influence this calculation such as changes in interest rates, a decision to refinance, or using a redraw facility, the calculator will still be able to give you an estimate of how much your regular repayments could be and the total interest paid over the life of the loan.īy changing the interest rate, loan term, and repayment frequency fields, you can compare how these differences can impact your repayments.ĭisclaimer: The results yielded by the calculator assume no changes in interest rates over the loan term. Your Mortgage’s mortgage calculator considers a variety of factors to determine how much your regular repayments will be over the loan term. How does the mortgage repayment calculator work? Different terms, fees or other loan amounts might result in a different comparison rate. Warning: this comparison rate is true only for this example and may not include all fees and charges. *The Comparison rate is based on a $150,000 loan over 25 years. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%.
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