Home loan repayments calculator

Use our calculator to get an idea of what your mortgage repayments might be.

We can help you understand how your repayments could change if you choose to pay principal and interest or interest only, as well as how much you could save by making extra repayments.

Please note: only selected products are available in calculators. For assistance with other products please contact us.


Answers at your fingertips


What are principal and interest repayments? And what are interest only repayments?

Principal and interest repayments:

This means your regular home loan repayments pay down both the amount you’ve borrowed (the principal) and the interest you’ve accrued.

Interest only repayments:

This simply means you’re only paying down the interest for a set period of time, usually one to five years. When you repay interest only, the total amount borrowed (the principal) will not reduce.

Which option is right for me?

Keep reading to understand why you might choose to pay principal and interest or interest only.


Can using an offset account lower my repayments?

The short answer is yes, it could help to lower your repayments.

This is how it works. An offset account is a bank account that’s linked to your home loan. The money that you keep in it is ‘offset’ against your home loan balance. What this means is that each day when the interest on your loan is calculated, the balance of your offset account is included in the calculation – reducing the total interest you need to repay.

Find out more about using an offset account to help you repay your mortgage faster.

Take the next step

Talk to a Home Finance Manager about your mortgage repayments.

Still exploring your options?

Browse our home loans

…and find one to suit you.

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