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Work out your home loan repayments with our home loan repayment calculator. In just a few clicks you can see what your monthly, fortnightly, or weekly repayments could be. All you have to do is tell us a few key details about the property and loan. You can even play around with different options to see how factors like the interest rate or loan term can change your payments.

How to use our home loan repayment calculator

Enter the value of the property and the loan amount (remember, it's the property value minus your deposit), select the product that you’re interested in, and voila! We’ll do the maths for you and let you know what your potential repayments could be.

Want to explore ways to pay off your home loan faster? Select the 'extra repayments' option and enter an amount to see how adding lump sums or regular extra payments can shorten the life of your loan. 

Plus, if you currently have a home loan with another bank, we can help you calculate how much making the switch to P&N Bank could save you.

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Your home loan repayment questions answered

Consider choosing a home loan that offers an offset account to help you pay your loan off faster. An offset account can help reduce the amount of interest you pay on your loan, so more of your repayments go towards the principle.

You can also try to make extra payments, either as a lump sum or regular payments. Repaying weekly or fortnightly instead of monthly can also help. With more regular payments, over the course of a year, you'll end up paying a little extra to your loan - and every little bit counts! 

By selecting the ‘extra repayments’ tab on our home loan repayment calculator, you can calculate the impact that making extra payments would have on your home loan.

If you pay more than the minimum monthly repayment to your home loan each month, you may be able to pay your loan off faster and save on interest. The actual savings will depend on factors such as the frequency and amount of your extra payments. 

Our home loan repayment calculator lets you see how paying extra to your home loan could reduce the amount of interest you’ll pay over the life of your loan. And as they say, seeing is believing.

If you’re looking to buy your very first home, with P&N Bank you can borrow up to a loan to value ratio (LVR) of 95%. 

As a general guide you'll need a minimum 5% deposit plus your settlement fees and Lenders Mortgage Insurance (LMI) fees. LMI fees will apply if you don’t have a 20% deposit plus settlement fees.

You may qualify to take out (LMI) for deposits less than 20% of the property value. Alternatively, the Governments First Home Loan Deposit Scheme is available to help new borrowers get into your first homes with deposits from 5% of the property value for qualifying applicants.

Get tips for saving for a home deposit? 

Lenders Mortgage Insurance (LMI) is a type of insurance that protects the bank if you as the borrower are unable to make your home loan repayments. LMI is usually required when a borrower has a deposit of less than 20% of the property's purchase price and doesn't have a guarantee or guarantor.

LVR stands for Loan to Value Ratio. This is calculated as the amount you want to borrow as a percentage of the value of the property you buy, or that will be used as security.

For example, if you borrow $540,000 to buy a property valued at $600,000, your LVR would be 90%.

Important information

Banking and Credit products issued by Police & Nurses Limited (P&N Bank).

Any information on this website is general and does not consider your personal needs, objectives or financial situation. Our rates are current as of today and can change at any time. Credit eligibility criteria, terms & conditions, fees & charges apply.

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.

Calculator by Widget Works

Please consider the terms and conditions and whether a product is right for you. 

*Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. For variable Interest Only loans, comparison rates are based on an initial 3 year Interest Only period. For fixed Interest Only loans, comparison rates are based on an initial Interest Only period equal in length to the fixed period. During an Interest Only period, your Interest Only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. 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.