What will my repayments be?
Our repayment calculator will allow you to work out an estimate of your home loan repayments. The monthly principle and interest total will be displayed in the bottom box when you submit the required information.
Please note: Mortgage calculators are meant as a guide only and should not be considered a mortgage quote, home loan offer, or investment property advice. Other criteria may be considered when applying for a mortgage or home loan.
Required Information:
Notes:
1. The above figures assume the mortgage payments are calculated on a daily interest basis. Most lenders will calculate their mortgage payments using this method, however if the lender calculates the mortgage payments on a monthly or annual basis, the monthly payment will be higher than that shown above.
2. A repayment mortgage is one where mortgage payments cover both interest costs and repayment of the original loan, so that the mortgage amount decreases over time. An interest only mortgage is one where mortgage payments only cover interest costs. With interest only loans, the mortgage amount does not automatically decrease over time. Frequently, borrowers will set up an ISA, endowment or some other investment product (at additional cost), designed to repay the loan at the end of its term.