Mortgage House home loan repayment calculator

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

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated mortgage repayments

at interest rate 2.09%

Total interest payable

$0

Total loan repayments

$0

Pros and cons

  • Mortgage House offers a wide range of home loan products.
  • Home loans have competitive interest rates.
  • Wide range of flexible loan options.
  • Some loans offer discounted interest rates.
  • Limited branch network.
  • Some loan products include annual and monthly fees.

Mortgage House home loans rates

Advertised Rate

2.09%

Variable

Total estimated upfront fees
$445
Comparison Rate*

2.13%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.19%

Fixed - 3 years

Total estimated upfront fees
$1045
Comparison Rate*

2.40%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.15%

Fixed - 1 year

Total estimated upfront fees
$1045
Comparison Rate*

2.42%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.29%

Variable

Total estimated upfront fees
$445
Comparison Rate*

2.47%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.44%

Variable

Total estimated upfront fees
$250
Comparison Rate*

2.48%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.15%

Fixed - 2 years

Total estimated upfront fees
$1045
Comparison Rate*

2.56%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.39%

Variable

Total estimated upfront fees
$445
Comparison Rate*

2.57%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.49%

Variable

Total estimated upfront fees
$945
Comparison Rate*

2.60%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.39%

Variable

Total estimated upfront fees
$445
Comparison Rate*

2.61%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.59%

Variable

Total estimated upfront fees
$250
Comparison Rate*

2.63%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.63%

Variable

Total estimated upfront fees
$445
Comparison Rate*

2.67%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.29%

Fixed - 3 years

Total estimated upfront fees
$645
Comparison Rate*

2.69%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.59%

Variable

Total estimated upfront fees
$945
Comparison Rate*

2.70%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.64%

Variable

Total estimated upfront fees
$1045
Comparison Rate*

2.72%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.69%

Variable

Total estimated upfront fees
$850
Comparison Rate*

2.73%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.24%

Fixed - 1 year

Total estimated upfront fees
$645
Comparison Rate*

2.76%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.24%

Fixed - 2 years

Total estimated upfront fees
$645
Comparison Rate*

2.79%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.84%

Variable

Total estimated upfront fees
$945
Comparison Rate*

2.88%

Ongoing fee
$10 monthly
Go to site
More details
Product
Advertised Rate

2.99%

Fixed - 5 years

Total estimated upfront fees
$945
Comparison Rate*

2.88%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.49%

Fixed - 3 years

Total estimated upfront fees
$250
Comparison Rate*

2.92%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.84%

Variable

Total estimated upfront fees
$945
Comparison Rate*

2.95%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.79%

Variable

Total estimated upfront fees
$445
Comparison Rate*

2.96%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.89%

Fixed - 4 years

Total estimated upfront fees
$645
Comparison Rate*

2.99%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.49%

Fixed - 3 years

Total estimated upfront fees
$250
Comparison Rate*

3.00%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.74%

Fixed - 2 years

Total estimated upfront fees
$645
Comparison Rate*

3.00%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.99%

Variable

Total estimated upfront fees
$445
Comparison Rate*

3.02%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.59%

Variable

Total estimated upfront fees
$445
Comparison Rate*

3.03%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.54%

Fixed - 2 years

Total estimated upfront fees
$250
Comparison Rate*

3.04%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.44%

Fixed - 1 year

Total estimated upfront fees
$945
Comparison Rate*

3.07%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.69%

Fixed - 4 years

Total estimated upfront fees
$945
Comparison Rate*

3.07%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.89%

Fixed - 5 years

Total estimated upfront fees
$645
Comparison Rate*

3.09%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.54%

Fixed - 2 years

Total estimated upfront fees
$250
Comparison Rate*

3.12%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.59%

Fixed - 3 years

Total estimated upfront fees
$250
Comparison Rate*

3.13%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.84%

Variable

Total estimated upfront fees
$895
Comparison Rate*

3.13%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

3.14%

Variable

Total estimated upfront fees
$645
Comparison Rate*

3.18%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.54%

Fixed - 2 years

Total estimated upfront fees
$945
Comparison Rate*

3.19%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.69%

Fixed - 2 years

Total estimated upfront fees
$250
Comparison Rate*

3.19%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.74%

Fixed - 3 years

Total estimated upfront fees
$945
Comparison Rate*

3.19%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.84%

Fixed - 2 years

Total estimated upfront fees
$945
Comparison Rate*

3.19%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.74%

Fixed - 5 years

Total estimated upfront fees
$645
Comparison Rate*

3.20%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.74%

Fixed - 3 years

Total estimated upfront fees
$645
Comparison Rate*

3.20%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.19%

Variable

Total estimated upfront fees
$250
Comparison Rate*

3.22%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.59%

Fixed - 1 year

Total estimated upfront fees
$945
Comparison Rate*

3.23%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

3.09%

Variable

Total estimated upfront fees
$445
Comparison Rate*

3.26%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.69%

Fixed - 2 years

Total estimated upfront fees
$250
Comparison Rate*

3.27%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

3.24%

Variable

Total estimated upfront fees
$250
Comparison Rate*

3.28%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.29%

Variable

Total estimated upfront fees
$445
Comparison Rate*

3.32%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

3.29%

Variable

Total estimated upfront fees
$645
Comparison Rate*

3.33%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.29%

Variable

Total estimated upfront fees
$1045
Comparison Rate*

3.33%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.24%

Fixed - 5 years

Total estimated upfront fees
$945
Comparison Rate*

3.37%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

3.34%

Variable

Total estimated upfront fees
$500
Comparison Rate*

3.38%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

3.24%

Variable

Total estimated upfront fees
$445
Comparison Rate*

3.39%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

2.79%

Fixed - 3 years

Total estimated upfront fees
$840
Comparison Rate*

3.44%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.04%

Fixed - 1 year

Total estimated upfront fees
$645
Comparison Rate*

3.49%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.48%

Variable

Total estimated upfront fees
$250
Comparison Rate*

3.51%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.94%

Fixed - 3 years

Total estimated upfront fees
$945
Comparison Rate*

3.55%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

3.54%

Variable

Total estimated upfront fees
$895
Comparison Rate*

3.58%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

3.44%

Fixed - 5 years

Total estimated upfront fees
$945
Comparison Rate*

3.68%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

3.44%

Fixed - 4 years

Total estimated upfront fees
$945
Comparison Rate*

3.69%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

3.54%

Variable

Total estimated upfront fees
$645
Comparison Rate*

3.69%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

3.79%

Variable

Total estimated upfront fees
$945
Comparison Rate*

3.89%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

3.99%

Variable

Total estimated upfront fees
$200
Comparison Rate*

4.13%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

3.99%

Variable

Total estimated upfront fees
$445
Comparison Rate*

4.15%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

3.84%

Variable

Total estimated upfront fees
$945
Comparison Rate*

4.19%

Ongoing fee
$10 monthly
Go to site
More details
Advertised Rate

4.99%

Variable

Total estimated upfront fees
$3190
Comparison Rate*

5.48%

Ongoing fee
$395 annually
Go to site
More details

Mortgage House customer service

Home loan customers can contact Mortgage House by calling or emailing the customer contact centre directly, filling out an online enquiry form or face-to-face through one of the Mortgage House home loan centres. Mortgage House customers can contact the customer support hotline 7 days a week.

✓     Customer service centre (phone)

✓     Online banking

✓     Email

✓     Branch

✓     Mobile banking staff

How to Apply

Mortgage House customers wanting to apply for a home loan can do so by either visiting a Mortgage House loan centre or by filling in an online enquiry form online. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:

  • Proof of identification.
  • Proof of income – whether you are self-employed or work for an employer.
  • Information regarding your current debts, liabilities and assets including credit cards, personal loans and car loans.

Learn more about home loans

How do I apply for a home improvement loan?

When you want to renovate your home, you may need to take out a loan to cover the costs. You could apply for a home improvement loan, which is a personal loan that you use to cover the costs of your home renovations. There is no difference between applying for this type of home improvement loan and applying for a standard personal loan. It would be best to check and compare the features, fees and details of the loan before applying. 

Besides taking out a home improvement loan, you could also:

  1. Use the equity in your house: Equity is the difference between your property’s value and the amount you still owe on your home loan. You may be able to access this equity by refinancing your home loan and then using it to finance your home improvement.  Speak with your lender or a mortgage broker about accessing your equity.
  2. Utilise the redraw facility of your home loan: Check whether the existing home loan has a redraw facility. A redraw facility allows you to access additional funds you’ve repaid into your home loan. Some lenders offer this on variable rate home loans but not on fixed. If this option is available to you, contact your lender to discuss how to access it.
  3. Apply for a construction loan: A construction loan is typically used when constructing a new property but can also be used as a home renovation loan. You may find that a construction loan is a suitable option as it enables you to draw funds as your renovation project progresses. You can compare construction home loans online or speak to a mortgage broker about taking out such a loan.
  4. Look into government grants: Check whether there are any government grants offered when you need the funds and whether you qualify. Initiatives like the HomeBuilder Grant were offered by the Federal Government for a limited period until April 2021. They could help fund your renovations either in full or just partially.  

What are the responsibilities of a mortgage broker?

Mortgage brokers act as the go-between for borrowers looking for a home loan and the lenders offering the loan. They offer personalised advice to help borrowers choose the right home loan for their needs.

In Australia, mortgage brokers are required by law to carry an Australian Credit License (ACL) if they offer credit assistance services. Which is the legal term for guidance regarding the different kinds of credit offered by lenders, including home loan mortgages. They may not need this license if they are working for an aggregator, for instance, as a franchisee. In both these situations, they need to comply with the regulations laid down by the Australian Securities and Investments Commission (ASIC).

These regulations, which are stipulated by Australian legislation, require mortgage brokers to comply with what are called “responsible lending” and “best interest” obligations. Responsible lending obligations mean brokers have to suggest “suitable” home loans. This means loans that you can easily qualify for,  actually meet your needs, and don’t prove unnecessarily challenging for you.

Starting 1 January 2021, mortgage brokers must comply with best interest obligations in addition to responsible lending obligations. These require mortgage brokers to act in the best interest of their customers and also requires them to prioritise their customers’ interests over their own. For instance, a mortgage broker may not recommend a lender who gives them a commission if that lender’s home loan offer does not benefit that particular customer.

How do you determine which home loan rates/products I’m shown?

When you check your home loan rate, you’ll supply some basic information about your current loan, including the amount owing on your mortgage and your current interest rate.

We’ll compare this information to the home loan options in the RateCity database and show you which home loan products you may be eligible to apply for.

 

How do I apply for Westpac’s first home buyer loan?

If you’re a first home buyer looking to apply for a home loan with Westpac, they offer an online home loan application. They suggest the application can be completed in about 20 minutes. Based on the information you provide, Westpac will advise you the amount you can borrow and the costs associated with any possible home loan. 

You can use Westpac’s online mortgage calculators to estimate your borrowing power. You can also work out the time it might take to save up for the deposit, and the size of your home loan repayments

When applying for a home loan with Westpac, you’re assigned a home finance manager who can address your concerns and provide information. The manager will also offer guidance on any government grants you may be eligible for. 

How do I get a pre-approved home loan with Aussie?

Getting Aussie home loan pre-approval means receiving conditional support from Aussie Home Loans to borrow the money you need to buy a home. 

It’s an indication of the approximate amount Aussie may offer you, subject to some terms and conditions. Keep in mind, having a pre-approved home loan does not guarantee an actual approval of your loan when it comes time to buy.

Aussie home loan pre-approval often involves speaking to one of the lender’s brokers. You can make an appointment online. You’ll often have to submit your personal details and other information about your assets, income, liabilities and expenses.  It’s worth remembering that a pre-approved loan is usually valid for a few months.

How do you qualify for a CBA home loan with casual employment?

Qualifying for a home loan without a full-time job may be challenging, but it can be done. The first step is to understand how a CBA home loan is assessed when you have casual employment.

Most lenders will assess your expenses and savings while checking your loan eligibility, checking on factors crucial to home loan approval, such as if your bills are paid on time and what your credit score presently looks like. 

Your income can be one of the most critical factors to determine your final approved home loan amount. As such, you’ll need to provide payslip copies to lenders to assist them in assessing your income during the loan tenure, regardless of your employment status, full-time, part-time, or otherwise.

Casual employees will want to be casually employed for at least 12 months to be eligible for a home loan. Alternatively, you want to have worked as a permanent casual worker (working for a fixed number of hours per week) for at least one month, or you should have been in your current job for a minimum of three months (if the hours are irregular) to be eligible for the loan.

Can I apply for an ANZ non-resident home loan? 

You may be eligible to apply for an ANZ non-resident home loan only if you meet the following two conditions:

  1. You hold a Temporary Skill Shortage (TSS) visa or its predecessor, the Temporary Skilled Work (subclass 457) visa.
  2. Your job is included in the Australian government’s Medium and Long Term Strategic Skills List. 

However, non-resident home loan applications may need Foreign Investment Review Board (FIRB) approval in addition to meeting ANZ’s Mortgage Credit Requirements. Also, they may not be eligible for loans that require paying for Lender’s Mortgage Insurance (LMI). As a result, you may not be able to borrow more than 80 per cent of your home’s value. However, you can apply as a co-borrower with your spouse if they are a citizen of either Australia or New Zealand, or are a permanent resident.

Can I get a NAB first home loan?

The First Home Loan Deposit Scheme of NAB helps first home buyers purchase a property sooner by reducing the upfront costs required. This scheme is offered based on a Government-backed initiative, with10,000 available places announced in October 2020.

Suppose your application for the NAB first home buyer loan is successful. In that case, you’ll only need to pay a low deposit, between 5 and 20 per cent of the property value and won’t be asked to pay lender's mortgage insurance (LMI). You’ll also receive a limited guarantee from the Australian government to purchase the property.

If you’re applying for the NAB first home buyer home loan as an individual, you need to have earned less than $125,000 in the last financial year. Couples applying for the NAB first home loan need to have earned less than $200,000 to be eligible. To be considered a couple, you need to be married or in a de facto relationship. A parent and child, siblings or friends are not considered a couple when applying for a NAB first home loan.

The NAB First Home Loan Deposit Scheme is currently offered only to purchase a brand new property, rather than an established property.

Remaining loan term

The length of time it will take to pay off your current home loan, based on the currently-entered mortgage balance, monthly repayment and interest rate.

Does Westpac offer loan maternity leave options?

Having a baby or planning for one can bring about a lot of changes in your life, including to the hip pocket. You may need to re-do the budget to make sure you can afford the upcoming expenses, especially if one partner is taking parental leave to look after the little one. 

Some families find it difficult to meet their home loan repayment obligations during this period. Flexible options, such as the Westpac home loan maternity leave offerings, have been put together to help reduce the pressure of repayments during parental leave.

Westpac offers a couple of choices, depending on your circumstances:

  • Parental Leave Mortgage Repayment Reduction: You could get your home loan repayments reduced for up to 12 months for home loans with a term longer than a year. 
  • Mortgage Repayment Pause: You can pause repayments while on maternity leave, provided you’ve made additional repayments earlier.

When applying for a home loan while pregnant, Westpac has said it will recognise paid maternity leave and back-to-work salaries. All you need is a letter from your employer verifying your return-to-work date and the nature of your employment. Your partner’s income, government entitlements, savings and investments will may help your application.

How do I get a Suncorp home loan pre-approval?

Getting home loan pre-approval helps you work out a budget to help you search for a suitable property and make an offer with confidence. Once you put in an application, you should get your pre-approval outcome within two business days. To help get a fast turnaround time of your pre-approval application, ensure all the information and documentation that Suncorp requires. This includes proof of identification, recent payslips, bank account and credit card statements.

You can submit the home loan pre-approval application online. You’ll be asked for information about your income, expenses, assets, and debts. It should take you about 10 minutes to fill out the application, and you can do it free of charge. A Suncorp lending specialist will review your application and contact you within 24 hours or the next working day. Suncorp will not run a credit check until you have heard from this lending specialist.

Once you get Suncorp home loan pre-approval, it’s valid for 90 days. If you don’t find a property you wish to buy in this time you may be able to apply for an extension, speak to your Suncorp lending specialist about this.

Why should I get an ING home loan pre-approval?

When you apply for an ING home loan pre-approval, you might be required to provide proof of employment and income, savings, as well as details on any on-going debts. The lender could also make a credit enquiry against your name. If you’re pre-approved, you will know how much money ING is willing to lend you. 

Please note, however, that a pre-approval is nothing more than an idea of your ability to borrow funds and is not the final approval. You should receive the home loan approval  only after finalising the property and submitting a formal loan application to the lender, ING. Additionally, a pre-approval does not stay valid indefinitely, since your financial circumstances and the home loan market could change overnight.

 

 

How does a mortgage calculator work?

A mortgage calculator is an extremely helpful tool when planning to take out a home loan and working out the costs. Although each mortgage calculator you come across may be slightly different, most will help you estimate how much your repayments will be. The calculator will often also show you the difference in repayments if you repay weekly, monthly or fortnightly. 

To calculate these figures, you’ll be asked to enter a few details. These include the amount you plan to borrow, whether you’re an owner-occupier or an investor, the proposed interest rate and the home loan term. It will also often show you the total interest you’ll be charged and the total amount you’ll repay over the life of the loan.  

Understanding how the mortgage calculator works, helps you to use it to see how different loan amounts, interest rates and terms affect your repayments. This can then help you choose a home loan that you can repay comfortably and save on interest costs. The mortgage calculator lets you compare the benefits and costs of home loans from different lenders to help you make a more informed choice. Use a mortgage calculator to help identify which home loan is most suitable for your requirements and financial situation.

Can I take a personal loan after a home loan?

Are you struggling to pay the deposit for your dream home? A personal loan can help you pay the deposit. The question that may arise in your mind is can I take a home loan after a personal loan, or can you take a personal loan at the same time as a home loan, as it is. The answer is that, yes, provided you can meet the general eligibility criteria for both a personal loan and a home loan, your application should be approved. Those eligibility criteria may include:

  • Higher-income to show repayment capability for both the loans
  • Clear credit history with no delays in bill payments or defaults on debts
  • Zero or minimal current outstanding debt
  • Some amount of savings
  • Proven rent history will be positively perceived by the lenders

A personal loan after or during a home loan may impact serviceability, however, as the numbers can seriously add up. Every loan you avail of increases your monthly installments and the amount you use to repay the personal loan will be considered to lower the money available for the repayment of your home loan.

As to whether you can get a personal loan after your home loan, the answer is a very likely "yes", though it does come with a caveat: as long as you can show sufficient income to repay both the loans on time, you should be able to get that personal loan approved. A personal loan can also help to improve your credit score showing financial discipline and responsibility, which may benefit you with more favorable terms for your home loan.

Where can I get all the information about an ANZ first home buyer’s loan?

As a first home buyer, you may require help and hand-holding, and as such ANZ has the buying your first home section on its website full of important information. ANZ also has a form in this section you can fill out to get a free consultation from an ANZ First Home Coach and create your own plan for buying your first home. This coach will help you understand where your current income is being spent and plan for your home loan repayments. You’ll get a clear picture of the costs involved in purchasing a property and how to budget or save for these costs. The coach will help you understand different deposit options and manage your accounts to enhance your savings.

There are three types of ANZ first home loans - Standard Variable, Fixed, and Equity Manager. The features, interest rates, and terms for each are different, and you can compare them here.

When they apply for an ANZ home loan, first home buyers can also get guidance on applying for the First Home Owner Grant (FHOG). This is a one-off government grant that may be available to you when you’re buying your first home. The eligibility criteria for FHOG differs between the different states and territories, which is why it’s helpful to have expert advice when applying.