Calculators / Mortgage
Mortgage repayments, month after month.
Your repayment at any frequency, and the total interest over the full term. Standard principal & interest, the method ASIC MoneySmart uses1.
$
%
yrs
Excludes fees, LMI, redraw and rate changes. Estimate only, not a loan offer.
Repayment per month
$3,632
Principal vs interest, whole term
PrincipalInterest
Total interest$707,554
Total repaid$1,307,554
Interest as % of loan118%
- 1 repayment = L·r / (1 − (1+r)⁻ⁿ) at the chosen payment frequency. Estimate only, general information, not advice.
Do fortnightly repayments really save money?
Usually, yes, if you pay half the monthly amount every fortnight. Because there are 26 fortnights in a year, that's the equivalent of 13 monthly payments instead of 12, so extra principal comes off faster and you save interest and time. Switch the frequency above to see it.
Common questions
How is my repayment calculated?+
With the standard amortisation formula: the repayment is the fixed amount that clears the loan over the term at the given rate. Early on most of it is interest; later, most is principal.
Does this include fees or LMI?+
No, it's principal and interest only. Add any application fees, ongoing fees and Lenders Mortgage Insurance separately when you compare loans.