Firefighters Mutual Bank home loan repayment calculator

Thinking about taking out a home loan with Firefighters Mutual Bank? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Firefighters Mutual Bank home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated repayments

at interest rate 2.55 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

Firefighters Mutual Bank home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

2.55%

Intro 12 months

$930

3.04%

$0
Firefighters Mutual Bank
More details

3.02%

Variable

$930

3.06%

$300 annually
Firefighters Mutual Bank
More details

3.04%

Variable

$930

3.08%

$0
Firefighters Mutual Bank
More details

3.07%

Variable

$930

3.11%

$300 annually
Firefighters Mutual Bank
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3.17%

Variable

$930

3.11%

$300 annually
Firefighters Mutual Bank
More details

3.22%

Variable

$930

3.16%

$300 annually
Firefighters Mutual Bank
More details

3.19%

Variable

$930

3.23%

$0
Firefighters Mutual Bank
More details

2.25%

Fixed - 5 years

$930

3.56%

$0
Firefighters Mutual Bank
More details

1.95%

Fixed - 4 years

$930

3.61%

$0
Firefighters Mutual Bank
More details

2.55%

Fixed - 5 years

$930

3.68%

$0
Firefighters Mutual Bank
More details

2.25%

Fixed - 4 years

$930

3.71%

$0
Firefighters Mutual Bank
More details

2.55%

Fixed - 5 years

$930

3.71%

$0
Firefighters Mutual Bank
More details

2.25%

Fixed - 4 years

$930

3.74%

$0
Firefighters Mutual Bank
More details

2.70%

Fixed - 5 years

$930

3.77%

$0
Firefighters Mutual Bank
More details

2.40%

Fixed - 4 years

$930

3.78%

$0
Firefighters Mutual Bank
More details

2.05%

Fixed - 3 years

$930

3.81%

$0
Firefighters Mutual Bank
More details

3.83%

Variable

$930

3.87%

$300 annually
Firefighters Mutual Bank
More details

2.35%

Fixed - 3 years

$930

3.89%

$0
Firefighters Mutual Bank
More details

2.35%

Fixed - 3 years

$930

3.90%

$0
Firefighters Mutual Bank
More details

2.50%

Fixed - 3 years

$930

3.94%

$0
Firefighters Mutual Bank
More details

2.05%

Fixed - 2 years

$930

4.00%

$0
Firefighters Mutual Bank
More details

4.28%

Variable

$930

4.04%

$300 annually
Firefighters Mutual Bank
More details

2.35%

Fixed - 2 years

$930

4.05%

$0
Firefighters Mutual Bank
More details

2.35%

Fixed - 2 years

$930

4.06%

$0
Firefighters Mutual Bank
More details

2.50%

Fixed - 2 years

$930

4.08%

$0
Firefighters Mutual Bank
More details

2.05%

Fixed - 1 year

$930

4.19%

$0
Firefighters Mutual Bank
More details

2.35%

Fixed - 1 year

$930

4.22%

$0
Firefighters Mutual Bank
More details

2.35%

Fixed - 1 year

$930

4.22%

$0
Firefighters Mutual Bank
More details

2.50%

Fixed - 1 year

$930

4.24%

$0
Firefighters Mutual Bank
More details

4.24%

Variable

$930

4.28%

$300 annually
Firefighters Mutual Bank
More details

4.28%

Variable

$930

4.29%

$300 annually
Firefighters Mutual Bank
More details

4.16%

Variable

$0

4.41%

$0
Firefighters Mutual Bank
More details

4.16%

Variable

$0

4.41%

$0
Firefighters Mutual Bank
More details

4.37%

Variable

$930

4.41%

$0
Firefighters Mutual Bank
More details

4.37%

Variable

$930

4.41%

$0
Firefighters Mutual Bank
More details

4.52%

Variable

$930

4.47%

$0
Firefighters Mutual Bank
More details

4.52%

Variable

$930

4.47%

$0
Firefighters Mutual Bank
More details

Learn more about Firefighters Mutual Bank

How common are low-deposit home loans?

Low-deposit home loans aren’t as common as they once were, because they’re regarded as relatively risky and the banking regulator (APRA) is trying to reduce risk from the mortgage market.

However, if you do your research, you’ll find there is still a fairly wide selection of banks, credit unions and non-bank lenders that offers low-deposit home loans.

How will Real Time Ratings help me find a new home loan?

The home loan market is complex. With almost 4,000 different loans on offer, it’s becoming increasingly difficult to work out which loans work for you.

That’s where Real Time RatingsTM can help. Our system automatically filters out loans that don’t fit your requirements and ranks the remaining loans based on your individual loan requirements and preferences.

Best of all, the ratings are calculated in real time so you know you’re getting the most current information.

Who offers 40 year mortgages?

Home loans spanning 40 years are offered by select lenders, though the loan period is much longer than a standard 30-year home loan. You're more likely to find a maximum of 35 years, such as is the case with Teacher’s Mutual Bank

Currently, 40 year home loan lenders in Australia include AlphaBeta Money, BCU, G&C Mutual Bank, Pepper, and Sydney Mutual Bank.

Even though these lengthier loans 35 to 40 year loans do exist on the market, they are not overwhelmingly popular, as the extra interest you pay compared to a 30-year loan can be over $100,000 or more.

Mortgage Balance

The amount you currently owe your mortgage lender. If you are not sure, enter your best estimate.

Mortgage Calculator, Repayment Type

Will you pay off the amount you borrowed + interest or just the interest for a period?

Mortgage Calculator, Deposit

The proportion you have already saved to go towards your home. 

What do mortgage brokers do?

Mortgage brokers are finance professionals who help borrowers organise home loans with lenders. As such, they act as middlemen between borrowers and lenders.

While bank staff recommend home loan products only from their own employer, brokers are independent, so they can recommend products from a range of institutions.

Brokers need to be accredited with a particular lender to be able to work with that lender. A typical broker will be accredited with anywhere from 10 to 30 lenders – the big four banks, as well as a range of smaller banks, credit unions and non-bank lenders.

As a general rule, brokers don’t charge consumers for their services; instead, they receive commissions from lenders whenever they place a borrower with that institution.

Monthly Repayment

Your current monthly home loan repayment. To accurately calculate how much you could save, an accurate payment figure is required. If you are not certain, check your bank statement.

How often is your data updated?

We work closely with lenders to get updates as quick as possible, with updates made the same day wherever possible.

How can I get a home loan with no deposit?

Following the Global Financial Crisis, no-deposit loans, as they once used to be known, have largely been removed from the market. Now, if you wish to enter the market with no deposit, you will require a property of your own to secure a loan against or the assistance of a guarantor.

Interest Rate

Your current home loan interest rate. To accurately calculate how much you could save, an accurate interest figure is required. If you are not certain, check your bank statement or log into your mortgage account.

What is a redraw fee?

Redraw fees are charged by your lender when you want to take money you have already paid into your mortgage back out. Typically, banks will only allow you to take money out of your loan if you have a redraw facility attached to your loan, and the money you are taking out is part of any additional repayments you’ve made. The average redraw fee is around $19 however there are plenty of lenders who include a number of fee-free redraws a year. Tip: Negative-gearers beware – any money redrawn is often treated as new borrowing for tax purposes, so there may be limits on how you can use it if you want to maximise your tax deduction.

Mortgage Calculator, Interest Rate

The percentage of the loan amount you will be charged by your lender to borrow. 

How personalised is my rating?

Real Time Ratings produces instant scores for loan products and updates them based what you tell us about what you’re looking for in a loan. In that sense, we believe the ratings are as close as you get to personalised; the more you tell us, the more we customise to ratings to your needs. Some borrowers value flexibility, while others want the lowest cost loan. Your preferences will be reflected in the rating. 

We also take a shorter term, more realistic view of how long borrowers hold onto their loan, which gives you a better idea about the true borrowing costs. We take your loan details and calculate how much each of the relevent loans would cost you on average each month over the next five years. We assess the overall flexibility of each loan and give you an easy indication of which ones are likely to adjust to your needs over time. 

Mortgage Calculator, Loan Amount

How much you intend to borrow.