Mortgage repayments

Our home loan calculator has a wide range of options that can help you make the right decision for your situation. The calculator will allow you to see the effect of making additional regular repayments as well as future one-off lump sum repayments.

Some lenders allow you to have your net salary deposited directly into an offset account which can reduce the interest you pay. Our calculator will allow you to simulate the effect this offset account. Please note that you need to choose between making additional repayments and the offset simulation ie you cannot have both.

Every lender will have their own requirements, restrictions and methods of calculating the repayments. This calculator is only a guide in determining repayment amounts and you should discuss your mortgage with your provider to determine the exact repayments you will need to pay and how your mortgage is designed for you.

This calculator generates factual information about mortgage repayments. It does not constitute a recommendation or statement of opinion about home loans and is not intended to be relied upon for the purpose of making a decision in relation to a financial product. We suggest you consider seeking advice from a financial services licensee or your Financial Planner before making any financial decision. The calculator only considers a limited range of issues and does not consider all of your personal circumstances.

Assumptions and Disclaimer
Minimum repayments are paid at the end of the period
Additional Repayments are paid at the same time as current repayments
Loan repayments are constant throughout the loan term.
All payments occur at the end of the period
Credit card bill comes 4 weeks after the start of the loan and every 4 weeks after that
Credit card bill is due 25 days after the bill comes.
3.Savings and interest:
Fortnightly and weekly cashflows are assumed to be equally spread over a month ie 1 year has 26 fortnights and 52 weeks
Saving patterns remain the same ie over the loan term the member will save the same amount and any salary increases are spent
The loan starts at the start of any month.
4.Monthly fees are paid in addition to the calculated repayment amounts.
5.Calculations will be done monthly, however repayments are adjusted depending on your nominated repayment frequency.

If your actual situation differs from the assumptions made, then the calculations may differ from your actual amounts.

The assumptions contained in, and the results obtained from, this calculator are believed to be accurate and are made in good faith. However, to the extent permitted by law, we disclaim all liability to any person in respect of anything done or omitted to be done, and the consequences of such action or omission, by any such person in reliance upon any part of the information obtained by using this calculator.

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