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Home loan repayment calculator

Home loan repayment calculator

Use this handy calculator to estimate what your home loan repayments will be. By varying the repayment frequency, loan term and other factors, you can see the impact of changes on repayments.

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Frequently asked questions

You can work out your estimated home loan repayments by using our home loan repayment calculator. Adjust the loan amount, repayment frequency, and interest rates to compare home loan products quickly and easily.

Your monthly principal and interest repayments will depend on several factors such as the amount you wish to borrow, the loan term, the loan structure and the interest rate. Find out what your repayments could be by using our home loan repayment calculator.

If you’re struggling with your mortgage repayments, you could consider restructuring your home loan, review your current loan product and see if there's an option to better suit your circumstances, or even see if it's possible to extend the loan term. If you'd like more information on the options available to you, reach out to one of our friendly home loan specialists who will be happy to assist.

This is where our home loan borrowing power calculator can help. Input a few details such as the amount you wish to borrow and the repayment term to get an accurate indication of what you can afford to pay. While our calculator can only estimate your monthly repayments, this can still help you see how paying down your loan balance would fit into your regular budget.

Our home loan repayment calculator breaks down your estimated repayments into total interest and principal amounts.

On the top right of our home loan repayment calculator, you can select the bcu home loan product you wish to calculate your monthly repayment for, whether that be a standard variable rate home loan or a fixed rate option. If you select the ‘Repayment Options’ button, you can also see how manually adjusting the loan term, interest rate, and payment type (principal and interest loan or interest only loan) would affect your loan repayments.

You could pay off your home loan faster by making extra or lump sum repayments if the loan permits, making weekly or fortnightly repayments instead of monthly, or switching to another loan. By selecting the ‘extra repayments’ tab, you can calculate the impact that using an offset account or making lump sum extra repayments would have on your mortgage repayments.

Contact a bcu home loan specialist today who will take you through all the options to suit your needs.

While there is no publicly available formula to calculator lenders mortgage insurance, we recommend using this calculator to get a good estimate.

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