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.

Calculator by Widget Works

Comparison rate based on a loan of $150,000 for a term of 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees & charges. Different terms, fees and other loan amounts might 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. Loan Value Ratio (LVR) is the proportion of money you borrow for a home loan compared to the value of the property. Rates stated are subject to change without notice. Fees and charges are payable. Lending Criteria applies to the approval of credit products and Terms and Conditions are applicable which are available on request.

View Home Loan Key Fact Sheets

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