Mortgage repayment calculators


administrator

administrator

Mar 21, 2010( 2 min read )

article header

Mortgage repayments are the payments you make back to the financial institution that lent you money to purchase your home. The mortgage repayments are stated in your contract, and are calculated based on the total loan amount divided by the term, plus interest and other fees. These are usually paid on a weekly, fortnightly or monthly basis. Each payment made is debited from your outstanding debt, so with each payment you are a step closer to owning your investment or home.

Mortgage repayment calculators

Mortgage repayment calculators are a great tool to use to work out exactly what your weekly, fortnightly or monthly repayments will look like. If you have a few home loans in mind, add in their interest rates and term loans and it will calculate a repayment amount for you.

How are my home loan repayments calculated?

There are a number of factors that are taken into account when calculating your home loan repayments.

  • Loan amount
  • Interest rate
  • Loan term
  • Repayments: Monthly, twice per month, weekly or fortnightly
  • Additional repayments
  • Repayment type: Principal + interest or interest only
  • Mortgage type: Variable, fixed, intro of split

Get started straight away using RateCity’s mortgage repayment calculator. Stuck for a home loan? Check out over 2000 home loans using the home loan comparison tool.

Advertisement

^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

Compare your product with the big 4 banks, or add more products to compare
As seen on