Mortgage calculator

• This is a model, not a prediction. Amounts and repayment periods are estimates only, actual amounts may be higher or lower.
• Results are based on information you provide and do not take your personal circumstances into account.
• It applies to loans where your regular repayment includes both interest and the gradual repayment of the amount borrowed.
• The calculator is not intended to be your sole source of information when making a financial decision. Consider getting advice from a licensed finance professional, if you need it.
• Using this calculator does not guarantee you will be eligible for a loan. You will need to satisfy your lender's lending criteria.
• The average interest rate reflects the most recent Economic and Financial Statistics data (Housing  Lending Rates) published by the Reserve Bank of Australia. 

• Interest rates do not change for the life of the loan.
• Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly, monthly quarterly or annually.
• It does not take into account up-front costs such as loan establishment fees.
• It does not consider your ability to make the repayments shown.
• To help you consider interest rate changes, you can explore the effect of a higher or lower interest rate on your repayments.
• Affordable repayments cannot be less than the fees entered.

Q: How can I see the effect of a lump sum payment on the length of my loan?

A: Enter your current loan details on the 'How can I repay my loan sooner?' section. Then reduce the amount owing by the lump sum amount.