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 - 5 years

$645

3.20%

$0
Mortgage House
More details

2.74%

Fixed - 3 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

$645

3.33%

$0
Mortgage House
More details

3.29%

Variable

$1045

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.

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.

Mortgage Calculator, Property Value

An estimate of how much your desired property is worth. 

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.

Mortgage Calculator, Repayments

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

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, Repayment Type

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

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 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. 

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.

How much deposit do I need for a home loan from NAB?

The right deposit size to get a home loan with an Australian lender will depend on the lender’s eligibility criteria and the value of your property.

Generally, lenders look favourably on applicants who save up a 20 per cent deposit for their property This also means applicants do not have to pay Lenders Mortgage Insurance (LMI). However, you may still be able to obtain a mortgage with a 10 - 15 per cent deposit.  

Keep in mind that NAB is one of the participating lenders for the First Home Loan Deposit Scheme, which allows eligible borrowers to buy a property with as low as a 5 per cent deposit without paying the LMI. The Federal Government guarantees up to 15 per cent of the deposit to help first-timers to become homeowners.

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 the amortisation period?

Popularly known as the loan term, the amortisation period is the time over which the borrower must pay back both the loan’s principal and interest. It is usually determined during the application approval process.

Why is it important to get the most up-to-date information?

The mortgage market changes constantly. Every week, new products get launched and existing products get tweaked. Yet many ratings and awards systems rank products annually or biannually.

We update our product data as soon as possible when lenders make changes, so if a bank hikes its interest rates or changes its product, the system will quickly re-evaluate it.

Nobody wants to read a weather forecast that is six months old, and the same is true for home loan comparisons.

What is a building in course of erection loan?

Also known as a construction home loan, a building in course of erection (BICOE) loan loan allows you to draw down funds as a building project advances in order to pay the builders. This option is available on selected variable rate loans.