Sydney Mutual Bank home loan repayment calculator

Thinking about taking out a home loan with Sydney Mutual Bank? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Sydney Mutual Bank 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 2.34 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

Sydney Mutual Bank home loans rates

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

2.34%

Fixed - 5 years

$536

2.78%

$0
Sydney Mutual Bank
More details

1.98%

Fixed - 3 years

$536

2.79%

$0
Sydney Mutual Bank
More details

2.04%

Fixed - 3 years

$536

2.80%

$0
Sydney Mutual Bank
More details

1.89%

Fixed - 2 years

$250

2.82%

$0
Sydney Mutual Bank
More details

1.98%

Fixed - 2 years

$536

2.86%

$0
Sydney Mutual Bank
More details

2.09%

Fixed - 2 years

$536

2.88%

$0
Sydney Mutual Bank
More details

2.87%

Variable

$286

2.90%

$0
Sydney Mutual Bank
More details

2.87%

Variable

$536

2.93%

$0
Sydney Mutual Bank
More details

2.09%

Fixed - 1 year

$536

2.95%

$0
Sydney Mutual Bank
More details

2.97%

Variable

$286

3.00%

$0
Sydney Mutual Bank
More details

2.97%

Variable

$536

3.03%

$0
Sydney Mutual Bank
More details

2.59%

Fixed - 5 years

$536

3.18%

$0
Sydney Mutual Bank
More details

2.23%

Fixed - 3 years

$536

3.22%

$0
Sydney Mutual Bank
More details

2.29%

Fixed - 3 years

$536

3.23%

$0
Sydney Mutual Bank
More details

2.53%

Fixed - 3 years

$250

3.29%

$0
Sydney Mutual Bank
More details

2.23%

Fixed - 2 years

$536

3.32%

$0
Sydney Mutual Bank
More details

2.34%

Fixed - 2 years

$536

3.34%

$0
Sydney Mutual Bank
More details

2.53%

Fixed - 2 years

$250

3.37%

$0
Sydney Mutual Bank
More details

2.79%

Fixed - 5 years

$486

3.40%

$0
Sydney Mutual Bank
More details

2.43%

Fixed - 3 years

$486

3.42%

$0
Sydney Mutual Bank
More details

2.34%

Fixed - 1 year

$536

3.43%

$0
Sydney Mutual Bank
More details

2.49%

Fixed - 3 years

$486

3.43%

$0
Sydney Mutual Bank
More details

2.43%

Fixed - 2 years

$486

3.48%

$0
Sydney Mutual Bank
More details

2.54%

Fixed - 2 years

$486

3.49%

$0
Sydney Mutual Bank
More details

3.47%

Variable

$536

3.53%

$0
Sydney Mutual Bank
More details

2.54%

Fixed - 1 year

$486

3.55%

$0
Sydney Mutual Bank
More details

3.57%

Variable

$536

3.61%

$0
Sydney Mutual Bank
More details

Learn more about Sydney Mutual Bank

Does Australia have no-deposit home loans?

Australia no longer has no-deposit home loans – or 100 per cent home loans as they’re also known – because they’re regarded as too risky.

However, some lenders allow some borrowers to take out mortgages with a 5 per cent deposit.

Another option is to source a deposit from elsewhere – either by using a parental guarantee or by drawing out equity from another property.

How does a redraw facility work?

A redraw facility attached to your loan allows you to borrow back any additional repayments that you have already paid on your loan. This can be a beneficial feature because, by paying down the principal with additional repayments, you will be charged less interest. However you will still be able to access the extra money when needed.

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.

Mortgage Balance

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

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, Loan Term

How long you wish to take to pay off your loan. 

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 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 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. 

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.

What do mortgage brokers do?

Mortgage brokers are finance professionals who help borrowers organise home loans with lenders. As such, they act as middlemen between borrowers and lenders.

While bank staff recommend home loan products only from their own employer, brokers are independent, so they can recommend products from a range of institutions.

Brokers need to be accredited with a particular lender to be able to work with that lender. A typical broker will be accredited with anywhere from 10 to 30 lenders – the big four banks, as well as a range of smaller banks, credit unions and non-bank lenders.

As a general rule, brokers don’t charge consumers for their services; instead, they receive commissions from lenders whenever they place a borrower with that institution.

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, Repayment Type

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

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.

Savings over

Select a number of years to see how much money you can save with different home loans over time.

e.g. To see how much you could save in two years by switching mortgages,  set the slider to 2.