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 repayments

at interest rate 1.94 %

Total interest payable

$0

Total amount payable

$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

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

1.94%

Variable

$445

1.98%

$0
Mortgage House
More details

2.29%

Variable

$445

2.47%

$10 monthly
Mortgage House
More details

2.44%

Variable

$250

2.48%

$10 monthly
Mortgage House
More details

2.39%

Variable

$445

2.57%

$10 monthly
Mortgage House
More details

2.49%

Variable

$945

2.60%

$10 monthly
Mortgage House
More details

2.44%

Variable

$445

2.61%

$10 monthly
Mortgage House
More details

2.59%

Variable

$250

2.63%

$10 monthly
Mortgage House
More details

2.39%

Fixed - 2 years

$1045

2.65%

$10 monthly
Mortgage House
More details

2.63%

Variable

$445

2.67%

$10 monthly
Mortgage House
More details

2.59%

Variable

$945

2.70%

$10 monthly
Mortgage House
More details

2.64%

Variable

$1045

2.72%

$0
Mortgage House
More details

2.69%

Variable

$850

2.73%

$0
Mortgage House
More details

2.49%

Fixed - 3 years

$250

2.78%

$10 monthly
Mortgage House
More details

2.69%

Fixed - 2 years

$945

2.86%

$10 monthly
Mortgage House
More details

2.84%

Variable

$945

2.88%

$10 monthly
Mortgage House
More details

2.99%

Fixed - 5 years

$945

2.88%

$0
Mortgage House
More details

2.44%

Fixed - 3 years

$645

2.94%

$10 monthly
Mortgage House
More details

2.49%

Fixed - 2 years

$645

2.95%

$10 monthly
Mortgage House
More details

2.84%

Variable

$945

2.95%

$10 monthly
Mortgage House
More details

2.79%

Variable

$445

2.96%

$10 monthly
Mortgage House
More details

2.39%

Fixed - 1 year

$645

2.98%

$10 monthly
Mortgage House
More details

2.89%

Fixed - 4 years

$645

2.99%

$10 monthly
Mortgage House
More details

2.74%

Fixed - 2 years

$645

3.00%

$0
Mortgage House
More details

2.99%

Variable

$445

3.02%

$10 monthly
Mortgage House
More details

2.99%

Variable

$445

3.03%

$10 monthly
Mortgage House
More details

2.89%

Fixed - 5 years

$645

3.09%

$10 monthly
Mortgage House
More details

2.49%

Fixed - 2 years

$250

3.11%

$10 monthly
Mortgage House
More details

2.54%

Fixed - 2 years

$250

3.12%

$10 monthly
Mortgage House
More details

2.84%

Variable

$895

3.13%

$10 monthly
Mortgage House
More details

2.54%

Fixed - 1 year

$945

3.16%

$10 monthly
Mortgage House
More details

3.14%

Variable

$645

3.18%

$0
Mortgage House
More details

2.69%

Fixed - 2 years

$250

3.19%

$10 monthly
Mortgage House
More details

2.74%

Fixed - 3 years

$645

3.20%

$0
Mortgage House
More details

2.74%

Fixed - 5 years

$645

3.20%

$0
Mortgage House
More details

3.19%

Variable

$250

3.22%

$0
Mortgage House
More details

2.74%

Fixed - 3 years

$945

3.23%

$10 monthly
Mortgage House
More details

3.09%

Variable

$445

3.26%

$10 monthly
Mortgage House
More details

3.24%

Variable

$250

3.28%

$0
Mortgage House
More details

3.29%

Variable

$445

3.32%

$10 monthly
Mortgage House
More details

3.24%

Fixed - 4 years

$945

3.33%

$10 monthly
Mortgage House
More details

3.29%

Variable

$1045

3.33%

$0
Mortgage House
More details

3.29%

Variable

$645

3.33%

$0
Mortgage House
More details

2.43%

Fixed - 3 years

$250

3.37%

$10 monthly
Mortgage House
More details

2.59%

Fixed - 3 years

$250

3.37%

$10 monthly
Mortgage House
More details

3.24%

Fixed - 5 years

$945

3.37%

$10 monthly
Mortgage House
More details

3.34%

Variable

$500

3.38%

$10 monthly
Mortgage House
More details

3.24%

Variable

$445

3.39%

$10 monthly
Mortgage House
More details

2.79%

Fixed - 2 years

$250

3.41%

$10 monthly
Mortgage House
More details

2.79%

Fixed - 1 year

$945

3.43%

$10 monthly
Mortgage House
More details

2.79%

Fixed - 3 years

$840

3.44%

$0
Mortgage House
More details

3.04%

Fixed - 1 year

$645

3.49%

$0
Mortgage House
More details

3.48%

Variable

$250

3.51%

$0
Mortgage House
More details

2.94%

Fixed - 3 years

$945

3.55%

$10 monthly
Mortgage House
More details

3.54%

Variable

$895

3.58%

$10 monthly
Mortgage House
More details

2.89%

Fixed - 2 years

$945

3.59%

$10 monthly
Mortgage House
More details

3.44%

Fixed - 5 years

$945

3.68%

$10 monthly
Mortgage House
More details

3.44%

Fixed - 4 years

$945

3.69%

$10 monthly
Mortgage House
More details

3.54%

Variable

$645

3.69%

$10 monthly
Mortgage House
More details

3.79%

Variable

$945

3.89%

$10 monthly
Mortgage House
More details

3.99%

Variable

$200

4.13%

$10 monthly
Mortgage House
More details

3.99%

Variable

$445

4.15%

$10 monthly
Mortgage House
More details

3.84%

Variable

$945

4.19%

$10 monthly
Mortgage House
More details

4.99%

Variable

$3190

5.48%

$395 annually
Mortgage House
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 Mortgage House

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.

What is appreciation or depreciation of property?

The increase or decrease in the value of a property due to factors including inflation, demand and political stability.

What is the ratings scale?

The ratings are between 0 and 5, shown to one decimal point, with 5.0 as the best. The ratings should be used as an easy guide rather than the only thing you consider. For example, a product with a rating of 4.7 may or may not be better suited to your needs than one with a rating of 4.5, but both are probably much better than one with a rating of 1.2.

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.

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, Interest Rate

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

Mortgage Calculator, Property Value

An estimate of how much your desired property is worth. 

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.

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 valuation and valuation fee?

A valuation is an assessment of what your home is worth, calculated by a professional valuer. A valuation report is typically required whenever a property is bought, sold or refinanced. The valuation fee is paid to cover the cost of preparing a valuation report.

Mortgage Calculator, Loan Results

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

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.

Mortgage Calculator, Loan Purpose

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

What happens to your mortgage when you die?

There is no hard and fast answer to what will happen to your mortgage when you die as it is largely dependent on what you have set out in your mortgage agreement, your will (if you have one), other assets you may have and if you have insurance. If you have co-signed the mortgage with another person that person will become responsible for the remaining debt when you die.

If the mortgage is in your name only the house will be sold by the bank to cover the remaining debt and your nominated air will receive the remaining sum if there is a difference. If there is a turn in the market and the sale of your house won’t cover the remaining debt the case may go to court and the difference may have to be covered by the sale of other assets.  

If you have a life insurance policy your family may be able to use some of the lump sum payment from this to pay down the remaining mortgage debt. Alternatively, your lender may provide some form of mortgage protection that could assist your family in making repayments following your passing.

Mortgage Calculator, Repayments

The money you pay back to your lender at regular intervals.