Our mortgage repayment calculator is a great tool to help you get a feel for how much your repayments might be based on the amount you are looking to borrow.
Get an estimate in four easy steps:
- Enter your loan amount
- Select your loan period
- Select your loan type
- Add your interest rate
It’s that simple! Find out what your repayments could look like and start making the most of your home loan.
Important information
Calculations are estimates provided as a guide only based on information you provided. They assume interest rates do not change throughout the loan. When you consider your minimum repayments you should also plan ahead for any future interest rate rises.
This calculator is not intended to be your sole source of information when making a financial decision. You may wish to consider getting advice from a licensed finance professional.
Fees and charges are payable. The calculations do not take into account fees, charges or other amounts that may be charged to your loan (such as establishment or monthly service fees or stamp duty). If you are borrowing more than 80% of the value of the property, Lenders Mortgage Insurance may apply. Any of these additional amounts will increase repayments under the loan.
The amount you could save and the time in which you could pay off your loan by making weekly or fortnightly repayments are estimates compared to repayments made monthly and assume you make the specified weekly or fortnightly repayments (which are specified as either half or one quarter of the monthly amount payable) until the loan is repaid. Calculations are not a loan approval. Applications are subject to credit approval, satisfactory security and minimum deposit requirements. Conditions apply to all loan options.
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Support and FAQs
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What does the calculator show me?
Who should use this calculator?
The mortgage repayment calculator can be a useful tool for anyone thinking about borrowing money to purchase a property, or to refinance an existing home loan.
To understand how repayments can be altered by lump sum payments or additional repayments, review the following calculators:
What's the difference between a principal & interest and an interest-only home loan?
What's the point of a split home loan account?
A split home loan account helps you structure your home loan in the way that suits you.
So for example you can fix a portion of your home loan so that you've got some certainty about your repayments for that portion for an agreed period of time; you could then have another portion in a variable home loan account with an offset facility that your salary gets paid into (which would let you drive down a portion of your interest by putting your salary to use before you spend it).
Plus you can choose between principal & interest and interest-only repayment options (conditions apply). Important to know that if you split your home loan into two or more separate accounts, each will be charged a monthly fee.
Can I pay weekly or fortnightly?
If you're making principal and interest repayments you can choose the frequency, interest only repayments can only be monthly.
When you make fortnightly repayments you will repay 50% (weekly 25%) of your monthly contractual repayments each fortnight. This way, by making fortnightly repayments, you could save in interest charges and really cut the term of your loan down to size.
The outcome is that over the course of one year, you’re in effect making an extra monthly repayment, which brings down your balance and reduces the interest payable.
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