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Home Loan Repayment Calculator
Calculate your monthly, fortnightly, or weekly home loan repayments based on your loan amount and interest rate.
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Use CalculatorFrequently Asked Questions (FAQs):
Loan repayments explained
What is the difference between principal and interest and interest only repayments?
Principal and interest repayments reduce your loan balance over time. Interest only repayments cover just the interest charge, meaning your loan balance stays the same during the interest only period.
How does the repayment frequency affect my loan?
Paying fortnightly or weekly instead of monthly can reduce your total interest paid because you effectively make one extra monthly repayment per year, reducing your principal faster.
What happens if interest rates change?
If you are on a variable rate, your repayments will change when rates move. Use this calculator to model different rate scenarios and plan ahead. A GCW broker can help you assess fixed vs variable options.
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