Free Loan Repayment Calculator
See what your home loan could actually cost you each week
Enter your loan amount, interest rate and term below to get an instant estimate of your weekly, fortnightly or monthly repayments, before you talk finance with anyone.
With 23+ years in financial services, I look for the detail in your numbers that a calculator alone can’t show you.
Prefer to talk first? Call Durand direct on 0450 275 656
Run your numbers
Adjust the loan amount, interest rate, loan term and repayment frequency to see an estimate update in real time. It takes less than a minute.
This estimate doesn’t include Lenders Mortgage Insurance, lender fees or offset account savings. It’s a starting point, not a loan approval.
What actually determines your repayment
Four moving parts sit behind every repayment figure. Understanding them helps you read the calculator’s result the right way.
Loan amount
The more you borrow relative to your deposit, the higher your repayment, and a smaller deposit can also mean Lenders Mortgage Insurance gets added to the loan itself.
Interest rate
Whether you’re fixed or variable, and where your rate sits against the market, has a bigger effect on your repayment than almost anything else in the equation.
Loan term
A longer term lowers your repayment but increases the total interest you pay. A shorter term does the opposite. Both are valid, depending on your goals.
Repayment structure
Principal and interest reduces your balance over time. Interest-only keeps repayments lower for a set period but leaves the balance untouched.
Loan amount
The more you borrow relative to your deposit, the higher your repayment, and a smaller deposit can also mean Lenders Mortgage Insurance gets added to the loan itself.
Interest rate
Whether you’re fixed or variable, and where your rate sits against the market, has a bigger effect on your repayment than almost anything else in the equation.
Loan term
A longer term lowers your repayment but increases the total interest you pay. A shorter term does the opposite. Both are valid, depending on your goals.
Repayment structure
Principal and interest reduces your balance over time. Interest-only keeps repayments lower for a set period but leaves the balance untouched.
Why your real repayment can differ from the estimate
A calculator works from the figures you type in. A lender works from a lot more than that.
Your rate isn’t the advertised rate
The rate you’re actually offered depends on your deposit size, credit history, loan purpose and which lender you’re with. Two people borrowing the same amount can be offered two different rates.
Lenders Mortgage Insurance changes the loan amount
If your deposit is under 20 per cent, LMI is often added to the loan itself, which quietly increases the amount you’re repaying interest on.
An offset account changes the outcome
Money sitting in an offset account reduces the interest charged without reducing your repayment, which means more of each repayment goes toward your balance over time.
Structure matters as much as the number
How a loan is split, whether you fix part of it, and how it fits with your other lending can affect your long-term position far more than the headline repayment figure.
Your rate isn’t the advertised rate
The rate you’re actually offered depends on your deposit size, credit history, loan purpose and which lender you’re with. Two people borrowing the same amount can be offered two different rates.
Lenders Mortgage Insurance changes the loan amount
If your deposit is under 20 per cent, LMI is often added to the loan itself, which quietly increases the amount you’re repaying interest on.
An offset account changes the outcome
Money sitting in an offset account reduces the interest charged without reducing your repayment, which means more of each repayment goes toward your balance over time.
Structure matters as much as the number
How a loan is split, whether you fix part of it, and how it fits with your other lending can affect your long-term position far more than the headline repayment figure.
Your rate isn’t the advertised rate
The rate you’re actually offered depends on your deposit size, credit history, loan purpose and which lender you’re with. Two people borrowing the same amount can be offered two different rates.
Lenders Mortgage Insurance changes the loan amount
If your deposit is under 20 per cent, LMI is often added to the loan itself, which quietly increases the amount you’re repaying interest on.
An offset account changes the outcome
Money sitting in an offset account reduces the interest charged without reducing your repayment, which means more of each repayment goes toward your balance over time.
Structure matters as much as the number
How a loan is split, whether you fix part of it, and how it fits with your other lending can affect your long-term position far more than the headline repayment figure.
From estimate to strategy in five steps
Once you’ve run the numbers, here’s what working with Durand actually looks like.
Why clients work with me
The calculator is free for anyone to use. What sets the outcome apart is the strategy built around your actual numbers, delivered by the same person from start to finish.
“Durand was amazing, he walked us through the process every step of the way, always available to explain things, prepared very thorough loan applications, professional, friendly with great communication skills.”
Shane, verified Google review
23+
Years in financial services
70+
Lenders on panel
5★
Client feedback
1:1
End-to-end service, no handoffs
Loan repayment FAQs
How is my loan repayment calculated?
Your repayment is worked out from four things: how much you borrow, the interest rate, the loan term, and whether you’re repaying principal and interest or interest only. Change any one of those and the repayment figure moves with it.
What's the difference between principal and interest and interest-only repayments?
Principal and interest repayments pay down both the amount you borrowed and the interest charged, so your loan balance reduces over time. Interest-only repayments cover just the interest for a set period, which keeps repayments lower for now but doesn’t reduce what you owe.
Does it matter if I repay weekly, fortnightly or monthly?
It can. Fortnightly repayments often work out to the equivalent of one extra monthly repayment each year, purely because of how the calendar falls, which can shave time and interest off your loan without you noticing the difference day to day.
Will my repayment stay the same for the life of my loan?
Only if you’re on a fixed rate for the fixed period. On a variable rate, your repayment moves whenever your lender changes its rates, which is usually in response to the cash rate and their own funding costs.
Why might my actual repayment differ from this calculator's estimate?
This calculator uses the figures you enter, but a real loan also involves your lender’s specific rate for your situation, any Lenders Mortgage Insurance added to the loan amount, fees, and whether you’re using an offset account, all of which can shift the figure up or down.
I've calculated my repayment, what's the next step?
A good next step is a short conversation about the loan behind the repayment, not just the number. We’ll look at structure, rate type and lender fit so the repayment you eventually commit to actually suits your situation.
Related reading
Once you’ve run your numbers, these might be useful next.
11 strategies to help pay off your mortgage sooner
Practical ways to bring down your loan term and total interest, beyond what a repayment estimate alone shows you.
What to consider when refinancing?
If your current repayment feels higher than it should, this covers the key factors to weigh up before switching lenders.
11 strategies to help pay off your mortgage sooner
Practical ways to bring down your loan term and total interest, beyond what a repayment estimate alone shows you.
What to consider when refinancing?
If your current repayment feels higher than it should, this covers the key factors to weigh up before switching lenders.
Explore our other calculators
This is one of six free tools. Here are the other five.
Borrowing power
Stamp duty calculator
Refinance calculator
Extra repayments
Home loan offset calculator
Ready to turn your estimate into a strategy?
Tell us what you’re working toward and we’ll review your actual numbers, not just a calculator estimate.
Prefer to talk now? Call 0450 275 656 or email durand@willowandreedprivate.com.au