Refinance My Mortgage Home Loan Repayment Calculator
Calculate home loan repayments with our Home Loan Repayment Calculator. View detailed amortization charts, compare loan terms, and plan your mortgage with confidence.
'Calculator results are estimates only and not quotes. Actual quotes will be provided by licensed brokers after you submit an enquiry.'
Home Loan Details:
Important!
Home Loan Interest Rates differ from lender to lender and will depend on your individual circumstances (credit history, employment status, age, etc.). To find out if you qualify ... and for a free, personalised interest rate and repayment quote,
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Home Loan Amortisation Calculator
The following amortisation graphs detail month-by-month data on the progress of the proposed loan. The first chart below examines the reducing loan balance over the course of the finance contract term. The second graph illustrates the portion of each monthly repayment allocated to payment of interest vs principal reduction.
How to use our Home Loan Repayment Calculator
Our Home Loan Repayment Calculator helps you estimate your mortgage repayments in Australia and understand how a loan may reduce over time. It is useful for budgeting, comparing loan terms, and visualising an amortisation schedule (how each repayment is split between interest and principal). The calculator is designed for planning only and works best when you enter realistic assumptions.
Important information: Results are estimates only and do not constitute a quote. Interest rates and loan features vary by lender and may change. This information is general and does not take into account your objectives, financial situation or needs. Consider whether it is appropriate for you and seek professional advice if required.
How to complete the calculator fields (in order):
1. Purchase Price: Enter the property purchase price. If you expect to borrow extra for costs, you may choose to include amounts such as stamp duty, insurance, and other buying costs in this figure so your estimate reflects your likely loan size. Enter whole numbers only (no dots or commas).
2. Deposit or Equity Value: Enter your cash deposit or usable equity from another property (if applicable). A higher deposit generally reduces the loan amount and can lower repayments. Enter whole numbers only (no dots or commas).
3. Term of Loan (years): Select the number of years to repay the loan. Longer terms usually reduce repayments but increase total interest paid over the life of the loan.
4. Interest Rate (% per annum): Select an interest rate for the simulation. Use a realistic rate and consider testing higher rates to understand “rate rise” risk.
5. Calculate: Click calculate to generate your results.
How to interpret the results:
1. Repayment estimate: Use this as a starting point for affordability checks, remembering real loans may include fees and different features.
2. Amortisation charts: Review the loan balance chart to see how your balance falls over time, and the interest versus principal chart to understand how early repayments are typically interest-heavy, then shift toward principal reduction later.
3. Compare scenarios: Adjust the term, deposit/equity, or interest rate and recalculate to compare loan terms and see how changes affect repayments and total interest over time.
The start of a new financial year is a useful prompt for Australian mortgage holders to look past the set-and-forget approach. With the cash rate sitting at elevated levels and household budgets still under pressure, the question is not simply whether your home loan is expensive. It is whether the structure still suits the way you live, save and repay debt. - read more
Fresh July home loan data has added another layer to the refinancing conversation for Australian mortgage holders. While cashback offers have attracted plenty of attention this month, the more important development may be the ongoing spread between competitive new-business rates and what many established borrowers are still paying on older loans. - read more
Australian homeowners weighing up whether to switch lenders have a fresh reason to revisit the market, with July 2026 refinance offers showing a mix of cashbacks, fee incentives and rewards points aimed at borrowers willing to move their mortgage. The renewed competition is timely, particularly after months of pressure from higher repayments and a cash rate that remains well above the levels many borrowers became used to during the low-rate period. - read more
Australian mortgage holders received a brief reprieve on 16 June 2026, when the Reserve Bank of Australia left the cash rate unchanged at 4.35%. After three consecutive increases earlier this year, the pause means many variable-rate borrowers will not face an automatic repayment jump from this particular meeting. However, the message from the central bank was cautious rather than celebratory: inflation remains above target, and further tightening has not been ruled out. - read more
Mortgage refinancing involves replacing your existing home loan with a new one, usually to take advantage of better interest rates or terms. By switching lenders or renegotiating with your current lender, refinancing can lead to lower monthly payments, reduced loan terms, or access to equity for other expenses. - read more
Mortgage refinancing refers to the process of replacing your existing home loan with a new one, typically under different terms. Essentially, you're paying off your old mortgage with a new loan. This can be an extremely useful financial maneuver, allowing homeowners to benefit from better interest rates or change their loan type to suit their current needs. - read more
In the realm of homeownership, mortgage refinancing stands out as a valuable tool for financial management. At its core, refinancing refers to the process of revising and replacing the terms of your existing mortgage agreement. Homeowners choose this path for various reasons, such as accessing a better interest rate, altering the loan term, or tapping into home equity. - read more
Mortgage refinancing involves replacing your current home loan with a new one, often to benefit from better terms. This financial maneuver is commonly pursued to seize lower interest rates, reduce monthly payments, or alter the loan term. It can also provide cash by tapping into the equity you've built up in your home. - read more
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