Loan Repayment Calculator
Mortgage Repayment Calculator
Knowing how to work out your mortgage repayments is really important when you’re looking to buy a home. It helps you figure out how much you can afford to spend on a home and lets you plan your budget. Our easy-to-use home loan repayment calculator even shows you how making extra repayments could help you own your home faster and save you money on interest.
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How to Work Out Extra Mortgage Repayments
Our repayment calculator also helps you understand what paying a little extra can do for your home loan. It can save you both time and money.
Just fill in the information above and hit calculate, then choose ‘+ Extra Repayment’ and put in a number to see how it could change your loan.
What Will Your Home Loan Repayments Be?
This calculator helps you see how often you’ll need to make repayments on your home loan. Generally, paying more often can help save you money in the long run.
Planning your repayments around when you usually get paid might make things easier, for example, paying monthly if you get paid monthly.
You can also use our calculator to work out repayments for different kinds of home loans, whether you’re only paying off the interest or paying off both the interest and the principal.
To figure out the best loan term, payment frequency, and repayment type for you, get in touch with your local mortgage broker to arrange a free consultation. Our experts at OzBroker can look at your specific situation and help you find the right solution.
Remember, the results from these calculators are just to give you an idea and shouldn’t replace professional advice. They shouldn’t be the only thing you rely on when making legal or financial decisions.
Disclaimer - How Much You Can Borrow:
The amount you can borrow shown here is just a guide. Repayments are based on the lowest interest rate (either standard variable or 3-year fixed, for those living in their property) from our panel of lenders, over 30 years. Rates and repayments might change. The results from this calculator are only a rough guide and shouldn’t replace professional advice. You shouldn’t rely solely on these calculations when making legal or financial decisions.
Disclaimer - Loan Repayments:
The lowest interest rate from our panel of lenders is either standard variable or 3-year fixed for those living in their property. Rates and repayments might change. The results from this calculator are only a rough guide and shouldn’t replace professional advice. You shouldn’t rely solely on these calculations when making legal or financial decisions.
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OzBroker is here to make understanding and choosing the right mortgage as simple as possible for you! Our team of mortgage experts is ready to help you find the best solution that suits your needs.
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