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Home Loan Repayments Calculator

Calculate your home loan repayments instantly with our free calculator.
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Calculate Your Home Loan Repayments

See your monthly payments, interest, and total cost in seconds—no surprises, just clarity. Plan your motorbike purchase with confidence. Compare rates, terms, and monthly payments instantly.

$10,000$2,000,000
1 year7 years
Payment Frequency
Weekly repayments*

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Total repayments

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Total interest

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*Estimate only and should not be relied on as true indication of your loan repayments, or a quote or indication of pre-qualification for any loan products. Based on loan amount and interest rate provided.

Get Instant Home Loan Estimates Without the Paperwork

Buying a home is often one of life’s greatest achievements, but getting a handle on your repayments shouldn’t be a mystery. LoanCalculator.com.au’s home loan calculator gives you accurate estimates in seconds, so you can plan with confidence. Whether you’re a first-time buyer, upgrading, or refinancing, we help customers compare choices from over 40 of Australia’s top lenders from the Big Four banks to credit unions and online lenders.

Just input your loan amount, term, and interest rate to see your weekly, fortnightly, or monthly repayments. You’ll also learn how much interest you’ll pay over the life of your loan—and how you could pay it all off sooner.

Why Use Our Home Loan Calculator?

  • Completely free to use – No hidden fees or charges, ever
  • No sign-up required – Get instant results without sharing personal details
  • Compare 40+ lenders – Access rates from Australia’s major banks, credit unions, and specialist lenders in one place
  • Accurate calculations – Uses the same formulas lenders use, giving you realistic repayment estimates and decide what’s right for your new loan, or if refinancing is a good option
  • Flexible payment options – See weekly, fortnightly, or monthly repayment options to suit your budget

How Our Home Loan Calculator Works

LoanCalculator.com.au helps you find the best deal on a home loans in 5 simple steps:

1. Enter Your Loan Details

Input your desired loan amount and estimated interest rate. If you’re unsure about rates, use the current average for your loan type.

2. Choose Your Payment Frequency

Select whether you’d prefer weekly, fortnightly, or monthly repayments to match your pay cycle. Paying fortnightly can save you thousands in interest over the life of your loan.

3. Get Instant Results

See your estimated repayments, total interest costs, and loan term breakdown immediately. Adjust the sliders to compare different scenarios and find what works for your budget.

4. Compare Lender Options

Browse rates and features from over 40 Australian lenders. Our comparisons are independent and unbiased, so you can trust you’re seeing the best options for your needs.

5. Apply with Confidence

Use your calculations to apply for pre-approval with lenders that suit your budget and goals. With us, you’re in control of your home loan journey.

What Can You Use a Home Loan For?

A home loan is more than just a way to buy a house: it’s a tool to build your financial future. Here’s how Australians commonly use home loans:

  • Buying Your First Home – Step onto the property ladder with a loan tailored to first-home buyers, including options for low deposits and government incentives.
  • Upgrading or Downsizing – Move into a home that fits your changing lifestyle, whether you’re growing your family or simplifying your life.
  • Investing in Property – Build wealth through rental income and capital growth with an investment loan.
  • Refinancing – Switch to a better rate, access equity, or consolidate debt to save money and simplify your finances.
  • Building a New Home – Finance the construction of your dream home with a loan that releases funds as your build progresses.

Understanding Your Home Loan Costs

When you use our calculator, you’ll see key figures that help you understand the true cost of borrowing:

Monthly Repayments – Your regular payment amount, including principal and interest. This helps you budget and ensure your loan fits comfortably within your lifestyle.

Total Interest – The complete amount you’ll pay in interest over the loan term. Lower interest rates and shorter terms reduce this figure significantly.

Total Repayments – Your loan amount plus all interest charges, showing the complete cost of your loan from start to finish.

Comparison Rate – Where available, this combines the interest rate with most fees to give you a clearer picture of the loan’s true cost.

Tips for Getting the Best Home Loan Rate

Securing a competitive rate can save you tens of thousands over your loan term. Here’s how to improve your chances:
Check Your Credit Score
Lenders offer their best rates to borrowers with excellent credit histories. Request your free credit report and address any issues before applying. If there are mistakes, it’s up to you to contact a credit reporting bureau and correct them.
A deposit of 20% or more helps you avoid Lenders Mortgage Insurance (LMI) and secures better rates.
Fixed rates provide repayment certainty but may be less flexible. Variable rates can fluctuate, potentially saving you money if official cash rates fall, but creating uncertainty if they rise.
An offset account reduces the interest you pay by offsetting your savings against your loan balance.
Rates can vary by over 1% between lenders for identical loans – that’s a lot over 20 or 30 years. Use our calculator to compare options and negotiate with confidence.
Watch out for application fees, ongoing fees, and early repayment penalties. These all add up.

Why do millions of Aussies trust us?

From instant calculations to trusted lender comparisons, we make it simple to find the right loan for your needs.

  • Australia’s leading comparison website – Helping thousands of Aussies find smarter ways to finance their homes.
  • Compare 40+ trusted lenders – Access rates from major banks, credit unions, and online specialists.
  • No impact on your credit score – Compare options risk-free with a soft credit check.
  • Expert guidance, simplified – We provide the knowledge you need to walk your own path with confidence.

We’re here to help you make confident borrowing decisions based on transparency and real data—not guesswork.

Frequently asked questions

Find clear answers to the most frequently asked questions about home loans.

Our calculator uses the same formulas lenders use, making the results highly accurate for estimation. However, your actual rate and repayments may vary based on your credit score, income, and the lender’s final assessment.

The calculator shows principal and interest repayments. It doesn’t include optional extras like Lenders Mortgage Insurance (LMI), account-keeping fees, or early repayment fees.

Yes! Whether you’re buying your first home, refinancing, or investing, our calculator works for all standard home loans.
A good rule of thumb: your total debt repayments (including your home loan) shouldn’t exceed 30-40% of your after-tax income. Use our calculator to test different scenarios and ensure your loan fits your budget.
Fixed rates offer stability and are ideal if you want predictable repayments each pay period. Variable rates provide flexibility and potential savings if rates drop, but your repayments could increase if rates rise.

Most lenders allow early repayments, though some charge fees. Our calculator shows how extra repayments or a shorter term can reduce your interest costs significantly.
What documents will I need to apply?

Typically, you’ll need:

• Proof of income (recent pay slips, tax returns)
• Bank statements
• Identification (passport, driver’s licence)
• Details of your assets, liabilities, and ongoing expenses

Some lenders may ask for tax returns and other information such as residential history to make a complete assessment.

Online lenders often provide same-day approval for straightforward applications, while traditional banks may take several business days. Having all your documents ready speeds up the process.
While bad credit may limit your options, some lenders specialise in helping borrowers with less-than-perfect credit. Consider improving your credit score before applying or exploring low-doc loans if you’re self-employed.

If you choose a variable rate home loan, your repayments will increase if the Reserve Bank of Australia (RBA) raises the cash rate or if your lender adjusts its rates. This means your monthly repayments could go up, affecting your budget. You need to stress test your budget by wargaming possible scenarios where rate rises occur. You could also fix your rate (or part of it with a split loan) or make extra repayments while rates are low to lessen the impact of any potential rate rise.


If you’re concerned about rate rises, speak to a mortgage broker or your lender about your options. Our calculator lets you model different rate scenarios, so you can plan ahead

Take the Next Step Towards Your Dream Home

Ready to move forward with confidence? Use our home loan calculator to explore different scenarios and find repayment amounts that work for your budget. With instant results and no obligation, you can plan your home loan strategy before speaking with any lenders.
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