Home Loan Calculator
- Initial repayment amount
- Increased repayment amount
- Total amount payable
Principal + Interest
- Total interest payable
- Interest saved from extra repayments
- Time saved from extra repayments
off 25 years
Learn more about Mortgages with the following related articles:
The more money you repay into your home loan, the faster you will pay it off and the less overall interest you will pay.
While you can use RateCity's home loan payments calculator to compare some of the best mortgages available in the market, you can also use the calculator to evaluate the extra savings generated by different strategies including making additional repayments, making lump sum repayments and shortening the length of the loan.
All lenders have fees associated with their home loans – and some more so than others. By using RateCity's home loan fee calculator you're able to look for competitive interest rates, but also the 'comparison rate', which calculates the amount of fees and charges you may be slapped with over the life of a home loan.
You can either make repayments on a 'principal and interest' basis or pay by 'interest-only' instalments. To determine the option that is best for you, try using RateCity's home loan interest calculator.
By doing so, you'll be able to estimate your repayments and determine the total amount of interest payable over the life of the loan.
RateCity makes applying for a home loan all the more easier for you. A home loan is a big step, which is why you want to make sure that it's the right one for you before you sign. So take some time to explore the rates in the market and think about what types of home loans would best suit you.
The comparison rate is based on secured credit of $150,000 and a term of 25 years. The comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan.
Consider whether this general financial advice is right for your personal circumstances. You may need financial advice from a qualified adviser. Read our detailed disclosure here.
Do you want to know if you're getting a good deal on your current home loan or are you in the market for a new one? RateCity allows you to search, compare and apply for more than 2000 home loans. All you have to do is complete the mortgage form at the top of this page to receive immediate results, or head straight to one of our popular searches found at the base of this page.
If you would like to get some help completing the home loans form or learn more about the mortgage market, get tips and information, then read our Mortgage Guide. Not only is this a step by step guide to help you stay on track, it has a useful checklist of costs so you don't get stung. Lastly, keep up-to-date with the latest information regarding tips, interest rate rises and any other mortgage related news at RateCity's Mortgage News space.
RateCity's Mortgage Guide provides you with tips and useful information on what to consider when purchasing a mortgage.
We understand how important it is that you find the right mortgage as not only will you be able to rest assured with the confidence of knowing that you have made the right decision but you may also be able to save money in the long term.
Our Mortgage Guide offers the most up-to-date information, hints and tips and all you need to know about mortgages and what you need to be aware of throughout the entire process of purchasing a mortgage. Whether you want to know about mortgage repayments and how they are calcuated, the fees involved with getting a mortgage or different features available with some home loans, you are in the right place.
Read definitions on a range of mortgage and home loan terms . This is a must for anyone who needs help to decipher the difference between advertised rates and real rates, learn what an lvr is or whether an offset account might be of use to you! Find an article from the list below to get your started.
Popular Home Loan Searches
Low Doc Home Loans
These loans are a type of mortgage that is available for people who cannot prove their income and cannot provide all of the required documentation for standard home loans such as tax returns and pay slips. If you are self employed, have a bad credit rating or do not work full-time this type of loan may be suitable.
Find a low doc mortgage
Variable Rate Investment Property
This type of mortgage will see interest rates change as the market fluctuates. If you are comfortable with this feature and are searching for a loan to fund an investment property then the link below will provide you with a wide range of suitable products to choose from.
Fixed Rate Investment Property
Fixed Rate mortgages are a good option for borrowers who are not comfortable with their interest rates changing each month. This added security can be a relief, particularly if you wish to adhere to a consistent repayment strategy.
Popular Home Loan Searches
Variable Rate Mortgages
Variable mortgages are the market standard. By applying for a variable rate mortgage, your interest rate will move along with the market rate, so you may find your repayments changing many times a year. Click on the link below to start comparing today!
Find a variable rate loan
Fixed Rate Mortgages
If you are the type of person who enjoys a degree of financial certainty then a fixed rate is the way to go. Knowing that your monthly repayments won't be affected by economic conditions can also provide you with security and the ability to budget carefully.
Find a fixed rate loan
Low Interest Home Loans
Search, compare and apply for low interest home loans to find the most affordable mortgages in Australia. Often these are introductory home loans that provide a discounted interest rate for the beginning of the loan.
Compare low rate mortgages
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