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.
Buy sooner with a smaller deposit
Eligible borrowers can access lower deposit options through the Australian Government 5% Deposit Scheme. Speak to a home lender to find out more. Get started
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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.
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 in nature and does not consider your personal needs, objectives or financial situation. Our rates are current as of today and can change at any time. 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.
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Please consider the terms and conditions and whether a product is right for you.
- View the home loans terms & conditions
- View the home loan fees and charges
- View credit guide
- Create a Home Loan Key Fact Sheet
- View LMI Information Fact Sheet
- View Target Market Determinations (TMDs)
*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.
^If you are borrowing more than 80% of the property’s value (Loan to Value Ratio), Lenders Mortgage Insurance (LMI) may be required. Borrowing up to 95% includes LMI costs.
†This discount is available for eligible applications received from 01/07/2026 and may be amended, withdrawn, or extended at any time without notice. Applications received prior to any amendment or withdrawal will still be eligible for the discount in accordance with the terms in effect at the time of submission.
Not available for broker originated applications or applications through our branches, mobile lenders, or contact centre.
Offer available on eligible owner-occupied Basic Variable Home Loans with new borrowings or top-ups of at least $100,000 and an LVR of 80% or less. Discount is not available on loans for construction purposes or any other product, including Basic Variable Home Loans with an LVR above 80%.
Discount cannot be used in conjunction with any other home loan offer.