BROKEREDGE

HOME LOAN calculator

Home loan calculator

Home Loan Repayment Calculator

Work out your estimated home loan repayments, see how much interest you could pay over the life of the loan, and find out how extra repayments could help you own your home sooner.

Your Loan Details

Property value ($)

Deposit ($)

Interest rate (% p.a.)

Loan term (years)

Repayment type

Repayment frequency

Extra repayment each period ($, optional)

Estimated Repayment

per month

Loan amount$0

Loan to value0%

Total interest$0

Total repaid$0

PrincipalInterest

Your deposit is under 20% of the property value. Lenders may charge Lenders Mortgage Insurance (LMI), and some professions or first home buyer schemes may reduce or waive it. Ask us about your options.

Estimates only, based on the figures you enter and a constant interest rate. They do not include fees, charges or LMI and are not a quote or offer of credit. Your actual rate and repayments depend on the lender, your circumstances and credit assessment. The default rate is an example only.

Smart borrowing

Getting the Most From Your Home Loan

Extra Repayments

Even small extra repayments can cut years and thousands of dollars of interest from your loan.

Offset & Redraw

An offset account or redraw facility can reduce the interest you pay while keeping funds accessible.

Regular Reviews

Rates and lender policies change. A review every year or two helps make sure your loan still suits you.

Deposit & LMI

A 20% deposit usually avoids LMI, but there may be options if you are buying with less.

Home Loan FAQs

How much can I borrow?

Borrowing capacity depends on your income, expenses, debts, deposit and the lender policy. We can run your numbers across a range of lenders to give you a realistic figure.

What is LMI?

Lenders Mortgage Insurance protects the lender, not you, and is usually charged when your deposit is less than 20% of the property value. It can often be added to the loan.

Should I choose fixed or variable?

Fixed rates give certainty on repayments, while variable rates usually offer more flexibility such as offset accounts and extra repayments. Many borrowers split their loan to get some of both.

Can you help me refinance?

Yes. We can compare your current loan with options across our lender panel and handle the switch for you if a better option suits your goals.

Ready to Talk Home Loans?

Whether you are buying your first home, upgrading or refinancing, we will help you find a loan that fits.

Make an Enquiry

Home Loans

Amelia Johansson is a credit representative (credit representative number 571745) of BrokerEdge Commercial Finance Pty Ltd (Australian credit representative number 571771), which is authorised under Bluehive Financial Services Pty Ltd, Australian credit licence 388107.

The information on this page is general in nature and does not take into account your objectives, financial situation or needs. All applications are subject to lender assessment and approval. Fees and charges apply.