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
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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
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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.

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.

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.

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.

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 Purpose

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

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.

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.

Mortgage Calculator, Repayment Type

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

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.

Mortgage Calculator, Repayment Frequency

How often you wish to pay back your lender. 

Mortgage Calculator, Loan Amount

How much you intend to borrow. 

Mortgage Calculator, Interest Rate

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

Mortgage Calculator, Repayments

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