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
More details

2.49%

Fixed - 3 years

$545

2.79%

$0
Bank of Heritage Isle
More details

2.49%

Fixed - 3 years

$545

2.79%

$0
Bank of Heritage Isle
More details

2.59%

Fixed - 5 years

$545

2.79%

$0
Bank of Heritage Isle
More details

2.59%

Fixed - 5 years

$545

2.79%

$0
Bank of Heritage Isle
More details

2.59%

Fixed - 5 years

$545

2.79%

$0
Bank of Heritage Isle
More details

2.69%

Fixed - 2 years

$545

2.82%

$0
Bank of Heritage Isle
More details

2.69%

Fixed - 1 year

$545

2.83%

$0
Bank of Heritage Isle
More details

2.79%

Variable

$545

2.84%

$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 - 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 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.

Does each product always have the same rating?

No, the rating you see depends on a number of factors and can change as you tell us more about your loan profile and preferences. The reasons you may see a different rating:

  • Lenders have made changes. Our ratings show the relative competitiveness of all the products listed at a given time. As the listing change, so do the ratings.
  • You have updated you profile. If you increase your loan amount, the impact of different rates and fees will change which loans are the lowest cost for you.
  • You adjust your preferences. The more you search for flexible loan features, the more importance we assign to the Flexibility Score. You can also adjust your Flexibility Weighting yourself, which will recalculate the ratings with preference given to more flexible loans.

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 Calculator, Repayment Type

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

Mortgage Balance

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

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.

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 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.

How much information is required to get a rating?

You don’t need to input any information to see the default ratings. But the more you tell us, the more relevant the ratings will become to you. We take your personal privacy seriously. If you are concerned about inputting your information, please read our privacy policy.

How long does NAB home loan approval take?

The time required to get your home loan from NAB approved can vary based on a number of factors involved in the application process. 

Once you have applied for a home loan, a NAB specialist will contact you within 24 hours over the phone to take down relevant information, including your total income, debts (existing loans, credit cards, etc.), assets (car, shares, etc.), and your monthly expenses (food, utility bills, etc.). Your lender might also ask for information related to the property you want to purchase, including the type of dwelling and preferred postcode.

NAB will then verify all your information and check your credit score, and if the details stack up, you should be given a conditional approval certificate. This certificate stipulates how much money NAB is willing to lend you and is typically valid for 90 days. 

Once you have your conditional approval, you can start browsing for properties that you like and that fit within the budget that NAB has provided. After you find a suitable property, you’ll need to give a copy of the signed deed to NAB, following which you should get full approval and access to the funds. This process can take up to 4-6 weeks. 

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 factors does Real Time Ratings consider?

Real Time RatingsTM uses a range of information to provide personalised results:

  • Your loan amount
  • Your borrowing status (whether you are an owner-occupier or an investor)
  • Your loan-to-value ratio (LVR)
  • Your personal preferences (such as whether you want an offset account or to be able to make extra repayments)
  • Product information (such as a loan’s interest rate, fees and LVR requirements)
  • Market changes (such as when new loans come on to the market)

What is a specialist lender?

Specialist lenders, also known as non-conforming lenders, are lenders that offer mortgages to ‘non-vanilla’ borrowers who struggle to get finance at mainstream banks.

That includes people with bad credit, as well as borrowers who are self-employed, in casual employment or are new to Australia.

Specialist lenders take a much more flexible approach to assessing mortgage applications than mainstream banks.

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, Loan Purpose

This is what you will use the loan for – i.e. investment.