Home Loan Repayment Calculator

Loan Amount ($)

Interest Rate (%)

Loan Term (Years)

Repayment Type

Your Estimated Repayments

Weekly

$730

Monthly

$3,160

Fortnightly

$1,460

Total Interest Payable

$637,568

Total Amount Payable

$1,137,568

Get Your Actual Rate From 83 Lenders

No-cost assessment. No obligation. Takes 2 minutes.

How to Use This Home Loan Calculator

Enter Loan Amount

Enter the amount you want to borrow. This is typically the property price minus your deposit.

Set Interest Rate

Enter the interest rate. Check our current rates page for today's rates.

View Results

See your weekly, fortnightly, and monthly repayments plus total interest over the loan term.

Understanding Your Home Loan Repayments

Principal & Interest vs Interest Only

Principal & Interest (P&I) repayments include both the loan amount (principal) and interest charges. This is the most common type of home loan and means you're paying down your loan balance with each payment.

Interest Only (IO) repayments only cover the interest charges for a set period (usually 1-5 years). Your loan balance doesn't reduce during this time. IO loans are often used by investors for tax purposes.

Weekly vs Monthly Repayments

Paying weekly or fortnightly instead of monthly can save you thousands over the life of your loan. Here's why:

Weekly payments: You make 52 payments per year (equivalent to 13 monthly payments)
Fortnightly payments: You make 26 payments per year (equivalent to 13 monthly payments)
Monthly payments: You make 12 payments per year

The extra payments go directly toward reducing your principal, saving you interest over time.

Factors That Affect Your Rate

The interest rate you receive depends on several factors:

Loan-to-Value Ratio (LVR): Lower LVR = better rates
Loan purpose: Owner-occupied rates are usually lower than investment
Employment type: PAYG vs self-employed can affect rates
Credit history: Clean credit history helps secure better rates
Loan features: Offset accounts or redraw may slightly increase rates

Current Home Loan Rates

Indicative rates as of November 2025. Actual rates depend on your circumstances.

Loan Type	Variable Rate	Fixed Rate (2yr)
Owner Occupied P&I	From 5.99%	From 5.89%
Owner Occupied IO	From 6.49%	From 6.39%
Investment P&I	From 6.29%	From 6.19%
Investment IO	From 6.69%	From 6.59%

View all current interest rates →

Frequently Asked Questions

This calculator provides estimates based on standard amortization formulas. Actual repayments may vary based on your specific loan terms, fees, and the lender's calculation method. For exact figures, get a personalized quote from our lending panel.

As of November 2025, average variable rates for owner-occupied P&I loans range from 5.99% to 7.5% depending on the lender and your circumstances. The best rates are typically available for borrowers with strong credit, stable income, and LVR under 80%.

Most lenders require a minimum 5% deposit, though 20% is ideal to avoid Lenders Mortgage Insurance (LMI). First home buyers may be eligible for government schemes that allow purchases with just 5% deposit without LMI. See our First Home Buyer page for more information.

It depends on your circumstances. Fixed rates offer payment certainty but less flexibility. Variable rates can go up or down and usually offer features like offset accounts. Many borrowers choose a split loan with part fixed and part variable. Read our fixed vs variable guide for more details.

Richard (Ricky) Esteb

Licensed Mortgage Broker & Founder

Credit Rep #574071 ACN 681 636 056 83+ Lender Panel

With direct experience helping Australians secure home loans, car finance, and business funding, Ricky founded Esteb and Co to bring transparency and technology to mortgage broking. Every piece of content is written from real-world lending experience.

✓ Verified & Last Reviewed: December 2025 | Content meets ASIC regulatory requirements

Home Loan Calculator