Bank of Heritage Isle home loan repayment calculator

Thinking about taking out a home loan with Bank of Heritage Isle? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Bank of Heritage Isle 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 2.49 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

Bank of Heritage Isle home loans rates

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

2.49%

Fixed - 3 years

$545

2.75%

$0
Bank of Heritage Isle
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2.49%

Fixed - 3 years

$545

2.79%

$0
Bank of Heritage Isle
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2.49%

Fixed - 3 years

$545

2.79%

$0
Bank of Heritage Isle
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2.49%

Fixed - 3 years

$545

2.79%

$0
Bank of Heritage Isle
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2.59%

Fixed - 5 years

$545

2.79%

$0
Bank of Heritage Isle
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2.59%

Fixed - 5 years

$545

2.79%

$0
Bank of Heritage Isle
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2.59%

Fixed - 5 years

$545

2.79%

$0
Bank of Heritage Isle
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2.69%

Fixed - 2 years

$545

2.82%

$0
Bank of Heritage Isle
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2.69%

Fixed - 1 year

$545

2.83%

$0
Bank of Heritage Isle
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2.79%

Variable

$545

2.84%

$0
Bank of Heritage Isle
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2.69%

Fixed - 2 years

$545

2.85%

$0
Bank of Heritage Isle
More details

2.69%

Fixed - 2 years

$545

2.85%

$0
Bank of Heritage Isle
More details

2.69%

Fixed - 2 years

$545

2.85%

$0
Bank of Heritage Isle
More details

2.69%

Fixed - 1 year

$545

2.86%

$0
Bank of Heritage Isle
More details

2.69%

Fixed - 1 year

$545

2.86%

$0
Bank of Heritage Isle
More details

2.69%

Fixed - 1 year

$545

2.86%

$0
Bank of Heritage Isle
More details

2.79%

Variable

$545

2.87%

$0
Bank of Heritage Isle
More details

2.79%

Variable

$545

2.87%

$0
Bank of Heritage Isle
More details

2.79%

Variable

$545

2.87%

$0
Bank of Heritage Isle
More details

2.69%

Fixed - 3 years

$545

3.08%

$0
Bank of Heritage Isle
More details

2.69%

Fixed - 3 years

$545

3.08%

$0
Bank of Heritage Isle
More details

2.89%

Fixed - 2 years

$545

3.15%

$0
Bank of Heritage Isle
More details

2.89%

Fixed - 2 years

$545

3.15%

$0
Bank of Heritage Isle
More details

2.89%

Fixed - 1 year

$545

3.17%

$0
Bank of Heritage Isle
More details

2.89%

Fixed - 1 year

$545

3.17%

$0
Bank of Heritage Isle
More details

3.09%

Fixed - 5 years

$545

3.18%

$0
Bank of Heritage Isle
More details

3.09%

Fixed - 5 years

$545

3.18%

$0
Bank of Heritage Isle
More details

3.11%

Variable

$545

3.19%

$0
Bank of Heritage Isle
More details

3.11%

Variable

$545

3.19%

$0
Bank of Heritage Isle
More details

2.99%

Fixed - 3 years

$545

3.33%

$0
Bank of Heritage Isle
More details

2.99%

Fixed - 2 years

$545

3.36%

$0
Bank of Heritage Isle
More details

3.19%

Fixed - 5 years

$545

3.36%

$0
Bank of Heritage Isle
More details

2.99%

Fixed - 1 year

$545

3.39%

$0
Bank of Heritage Isle
More details

3.34%

Variable

$545

3.42%

$0
Bank of Heritage Isle
More details

3.34%

Variable

$545

3.42%

$0
Bank of Heritage Isle
More details

Learn more about Bank of Heritage Isle

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.

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 is the flexibility score calculated?

Points are awarded for different features. More important features get more points. The points are then added up and indexed into a score from 0 to 5.

Why should you trust Real Time Ratings?

Real Time Ratings™ was conceived by a team of data experts who have been analysing trends and behaviour in the home loan market for more than a decade. It was designed purely to meet the evolving needs of home loan customers who wish to merge low cost with flexible features quickly. We believe it fills a glaring gap in the market by frequently re-rating loan products based on the changes lenders make daily.

Real Time Ratings™ is a new idea and will change over time to match the frequently-evolving demands of the market. Some things won’t change though – it will always rate all relevent products in our database and will not be influenced by advertising.

If you have any feedback about Real Time Ratings™, please get in touch.

What is a fixed home loan?

A fixed rate home loan is a loan where the interest rate is set for a certain amount of time, usually between one and 15 years. The advantage of a fixed rate is that you know exactly how much your repayments will be for the duration of the fixed term. There are some disadvantages to fixing that you need to be aware of. Some products won’t let you make extra repayments, or offer tools such as an offset account to help you reduce your interest, while others will charge a significant break fee if you decide to terminate the loan before the fixed period finishes.

Mortgage Calculator, Loan Amount

How much you intend to borrow. 

How much are repayments on a $250K mortgage?

The exact repayment amount for a $250,000 mortgage will be determined by several factors including your deposit size, interest rate and the type of loan. It is best to use a mortgage calculator to determine your actual repayment size.

For example, the monthly repayments on a $250,000 loan with a 5 per cent interest rate over 30 years will be $1342. For a loan of $300,000 on the same rate and loan term, the monthly repayments will be $1610 and for a $500,000 loan, the monthly repayments will be $2684.

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.

What is the flexibility score?

Today’s home loans often try to lure borrowers with a range of flexible features, including offset accounts, redraw facilities, repayment frequency options, repayment holidays, split loan options and portability. Real Time Ratings™ weights each of these features based on popularity and gives loans a ‘flexibility score’ based on how much they cater to borrowers’ needs over time. The aim is to give a higher score to loans which give borrowers more features and options.

Mortgage Calculator, Property Value

An estimate of how much your desired property is worth. 

What is breach of contract?

A failure to follow all or part of a contract or breaking the conditions of a contract without any legal excuse. A breach of contract can be material, minor, actual or anticipatory, depending on the severity of the breaches and their material impact.

Mortgage Calculator, Loan Results

These are the loans that may be suitable, based on your pre-selected criteria. 

What is a construction loan?

A construction loan is loan taken out for the purpose of building or substantially renovating a residential property. Under this type of loan, the funds are released in stages when certain milestones in the construction process are reached. Once the building is complete, the loan will revert to a standard principal and interest mortgage.

What is bridging finance?

A loan of shorter duration taken to buy a new property before a borrower sells an existing property, usually taken to cover the financial gap that occurs while buying a new property without first selling an older one.

Usually, these loans have higher interest rates and a shorter repayment duration.

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.