Need to know how much your weekly, fortnightly or monthly mortgage repayments will be? Try out our Loan Repayment Calculator that takes into consideration all of these factors and provides you with the answers you need today.
How to use this Loan Repayment Calculator
Enter your loan details
- Enter your desired loan amount
- Choose your desired loan term, typical loan terms are 25 to 30 years
- Choose your interest rate, a typical variable rate loan in the current market might have an interest rate of 5.0% to 6.0%
- Choose from weekly, fortnightly and monthly mortgage payments
- Choose between principal & interest payments or interest only payments
What’s my next option?
If you’re actively looking to buy a property soon and the loan repayments calculated with the loan repayment calculator look good to you, it’s a good idea to get a formal mortgage pre-approval, which will provide you with an accurate assessment of your borrowing capacity and confirm your exact home loan repayments and all associated costs.
Ocean Home Loans mortgage brokers will be able to help you find a suitable loan from over 600 products and 30 different lenders and get a pre-approval quickly and easily, at no cost to you. If you would like to find out more then please call us now on 07 5593 1420 or enquire online and we will contact you as soon as possible to discuss all your options and secure you the best financial solution for your current needs.
If you’re still in the early stages of house hunting but you want to do some more research, other than the loan repayment calculator, you might find these other tools useful:
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Disclaimer: Whilst every effort has been made to ensure the accuracy of this calculator, the results should be used as an indication only. They are neither a quote nor a pre-qualification for a home loan.