Mortgage Repayment Calculator
Work out your estimated home loan repayments – weekly, fortnightly or monthly – plus the total interest over the life of the loan.
✔ Free tool✔ Current official rates✔ All states & territories
Calculate your repayments
Monthly repayment–
Total interest–
Total repaid–
Assumes the interest rate stays the same for the whole term and excludes fees and charges.
⚠️ Disclaimer – estimate only. This calculator is a general guide only. It assumes a constant interest rate, regular repayments and no fees, charges, offset accounts, redraws or extra repayments. Actual repayments depend on your lender’s terms and how interest is calculated. UV TAX is an accounting and tax practice – it is not a lender, mortgage broker or credit licensee and does not provide credit advice. Speak with a licensed lender or mortgage broker before making borrowing decisions. UV TAX accepts no liability for decisions made using this calculator.
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0466 268 405Frequently asked questions
How are repayments calculated?
Principal and interest repayments are worked out using the standard loan formula, so each repayment covers the interest for the period plus some of the loan balance. Interest-only repayments cover the interest only.
Why are fortnightly repayments helpful?
Paying fortnightly means 26 payments a year. Depending on how your lender calculates them, this can reduce the total interest you pay.
Does this include fees?
No. Lender fees, lenders mortgage insurance and offset or redraw benefits are not included.
Is mortgage interest tax-deductible?
Interest on a loan used to buy an investment property is generally deductible against rental income. Interest on your own home loan is generally not. Talk to us about your situation.