Book a Call
← All calculators
Fixed, variable, offset and extras

Home Loan Repayment Calculator

Work out your repayments, then see how an offset account, extra repayments or a better rate could cut years and thousands of dollars off your loan.

Fixed and variable ratesOffset and extra repaymentsYear-by-year schedule
Your monthly repayment
$0
 
Total interest
$0
over the life of the loan
Total repaid
$0
principal plus interest
Paid off
-
 
Interest saved
$0
Add extras to see savings

Your loan over time

Loan balance by year

Ways to pay it off faster

Each change on its own, compared with your current setup

If rates change

Your monthly repayment at different rates

RateRepaymentChange

Custom transactions

Model regular or one-off deposits and withdrawals on the loan or offset account

$
Withdrawals only apply to the offset account. "From year 0" starts straight away.

Could you be paying less?

If your rate is above what new customers are being offered, you're likely paying a loyalty tax. We'll compare your loan across our lender panel and negotiate on your behalf. It costs you nothing.

Book a free chat

Repayment questions

Should I pay weekly, fortnightly or monthly?
Paying half your monthly repayment every fortnight means you make 26 half-payments a year, which equals 13 monthly repayments instead of 12. That extra month each year goes straight off your loan and can save years of interest. The "Ways to pay it off faster" panel shows what it would save you.
How does an offset account work?
An offset account is a transaction account linked to your home loan. Every dollar in it reduces the balance you're charged interest on. With $30,000 in offset on a $750,000 loan, you only pay interest on $720,000, while your money stays available to use.
What happens when my fixed rate ends?
Your loan rolls onto the lender's revert rate, which is often higher than the rates offered to new customers. It's worth reviewing your loan two to three months before the fixed period ends, so you can negotiate or refinance before you start paying more.
What is an interest-only period?
During an interest-only period your repayments only cover the interest, so the loan balance doesn't go down. Repayments are lower at first, but jump when principal and interest repayments start over the remaining term, and you pay more interest overall.

General information only. Not personal financial advice. Results are estimates that assume the interest rate stays the same (or changes only as you've set), interest is calculated per repayment period, and fees aren't included. Your lender's figures may differ slightly. Swish Finance Brokers Pty Ltd. Jessica Ellis and Matthew Brogan are authorised credit representatives of National Lending Group Pty Ltd (ACL 412778).

Monthly repayment
$0

Want personalised numbers?

Calculators give you estimates. Matt and Jess give you answers. Book a free call to talk through your actual situation.

Book a free call

General information only. Not personal financial advice. Calculator results are estimates only.