BSB 806 015

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BSB 806 015

Home Loan Repayment Calculator

If you currently have a home loan, you may want to explore ways to pay it off sooner and learn how much money you could save in future interest payments. This home loan calculator can help you get a better understanding on what your current loan will cost over its life, then see the results of making hypothetical changes. 

Things to know

You may be eligible to refinance for a smaller amount, or at a lower interest rate than you currently have; the mortgage calculator gives a clear picture of how that will help.

Once you’ve explored the variables on the first tab, see how making extra payments at different intervals can affect your loan. Another potential source of significant savings is an offset account, which is a savings account linked to your loan. Your mortgage balance is offset daily by the amount of money in the offset account, so the interest rate is calculated for your loan amount less the amount in the offset account. The money in the offset account is still available for your use, just like any other savings account. With each change you make, the mortgage repayment calculator will automatically update the interest and time saved. 


The results from this calculator should be used as an indication only. Figures provided are for illustrative purposes only and are based on the information provided. The calculations do not take into account any product features or fees and charges that may be charged to your loan or fees such as Lenders Mortgage Insurance, which if applicable will add to the cost of your loan and repayments. Results do not represent a quote or pre qualification for a loan. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change. Lending criteria applies to the approval of credit products. Terms and conditions apply and are available on request. Fees and charges are payable.

The comparison rate is calculated on the statutory assumption of a $150,000 loan over 25 years. Please note different rates apply for different loan amounts and may depend on the duration of a fixed rate period or the ratio of the loan amount to the property value (LVR). The comparison rate is based on the product of your choice and the current applicable annual percentage rate. If you amend the rate, the comparison rate no longer applies. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Calculator by Widget Works

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