For anyone with, or planning, a home loan in Australia
What would your home loan repayments be?
Enter the loan amount or what you still owe, the interest rate and the term, then choose weekly, fortnightly or monthly. Add interest-only years, an offset balance or extra repayments to see how the balance and the total interest change.
Calculate for free- No login
- No credit enquiry
- No broker
Cindrus works out repayments from what you enter. It is not a lender, it does not compare loans and it gives no personal advice.
The result is a calculation on your figures. It is not a guaranteed saving or an offer.
Worked out for the frequency you chose, at the rate you entered, over the term you entered.
Half or a quarter of the monthly repayment
A year has 26 fortnights and 52 weeks, so these amounts add up to a little more than 12 monthly repayments. The extra goes off the balance. Your lender decides which frequencies and amounts it accepts.
During interest-only years the balance does not fall, so the principal and interest repayment afterwards is higher than it would have been from the start.
With your offset balance and extra repayments
Your offset balance is as large as the balance owing, so in this calculation no interest is charged and every repayment goes off the loan.
Assumes the offset balance stays the same for the whole term and the extra amount is paid every period. Your loan contract sets how an offset account and extra repayments work, including any limits or fees.
The loan as a share of the property value you entered. A lender works this out with its own valuation.
If the rate were different
The steps are a quarter and half a percentage point either way around the rate you entered. They are scenarios, not forecasts.
Transfer (stamp) duty: not calculated
Your state or territory revenue office publishes the rates and concessions: Revenue NSW: Transfer duty
Your state or territory revenue office publishes the rates and concessions: State Revenue Office Victoria: Land transfer (stamp) duty
Your state or territory revenue office publishes the rates and concessions: Queensland Revenue Office: Transfer duty
Your state or territory revenue office publishes the rates and concessions: WA Department of Treasury and Finance: Transfer duty
Your state or territory revenue office publishes the rates and concessions: State Revenue Office Tasmania: Property transfer duties
We could not read this office's page when we checked, so we show no link. Search for your state or territory revenue office.
General information only. It does not take into account your objectives, financial situation or needs, and it does not suggest any particular home loan, lender or credit contract. Lenders assess applications using their own criteria.
For illustration only. Not a loan offer or a commitment to lend. Cindrus is not a lender or a mortgage broker, does not arrange home loans, passes no information to lenders or brokers, and no lender pays us.
This calculation is not a loan offer or a personal recommendation about a home loan.
Basis: the figures you entered and interest worked out per repayment period. The rate and costs you can actually get may differ.
- The rate you enter stays the same for the whole term.
- Interest is worked out per repayment: the yearly rate divided by 12, 26 or 52. Your lender's method can differ, so its figures can differ slightly.
- Repayments are made in full and on time. Fees, redraw and changes to the offset balance are not included.
- An offset balance lowers the balance that interest is worked out on. The repayment stays the same, so more of it goes off the loan.
- Transfer (stamp) duty and other purchase costs are not part of the calculation.
Your next step.
Take the result with you.
Free. No account.
- Write down the figures you used: you find them under «Understand the number».
- Ask what it costs in total, not only what the payment will be.
- Ask whether the rate is fixed and what can change it.
- Ask for the offer in writing, so you can compare it calmly.
- Ask what is not included in the figure.
Ready to talk to the bank?
Your figures and the right questions, on one page.
- Costs and rate
- Fees and remaining balance
- The assumptions behind the figure
Follow your loan.
Your loan and your calculations, in one place.
- Your calculations saved in one place
- Your financial overview
The account is free.
The calculator is free without an account. Not personal advice.
Your bank conversation
Ask the bank about these six things.
Based on your calculation. Not personal advice.
Repayments in three quick steps
Loan, rate, term
How much you plan to borrow, the rate on your offer and how many years it runs.
Frequency and type
Weekly, fortnightly or monthly; principal and interest from day one, or interest-only for a set number of years first.
Extras if you like
An extra amount each period shows how the term and total interest change.
Stamp duty is set by your state or territory
Transfer duty, which several offices note was formerly called stamp duty, is charged by each state and territory. Each revenue office publishes its own rates and concessions, so this calculator does not estimate it.
New South Wales
Revenue NSW: when you buy a property or someone transfers ownership to you in NSW, you generally must pay transfer duty.
Victoria and Queensland
Victoria's State Revenue Office says land transfer duty is paid when property is bought or acquired. Queensland's Revenue Office calls transfer duty a tax charged on transactions such as buying property.
Western Australia and Tasmania
In WA liability usually arises on the date the document is signed and generally falls on the purchaser. Tasmania says duty is payable within three months of the transaction, by the purchaser.
What moves a home loan repayment
Three numbers set a principal and interest repayment: the amount, the rate and the term. The frequency changes how often you pay and how interest is split across the year, which is why weekly and fortnightly results are not simply the monthly figure divided.
During an interest-only period the balance does not fall, so the repayment afterwards is higher than it would have been on principal and interest from the start. The calculator shows both stages.
Also searched as
Home loan calculator · mortgage repayment calculator Australia · fortnightly repayment calculator · interest-only repayment calculator.
A repayment figure, with nothing to sell you
On your schedule
No forms to submit and nobody to call back. Change the frequency and watch the numbers move.
Independent
We have no arrangements with banks or brokers and earn nothing from the loan you take.
Every premise on show
How interest is worked out per period is written next to the result.
Our word on it
- No selling of personal data.
- Costs and premises in the open.
- Only figures we can account for.
- Nothing designed to rush you.
- Take your data with you or remove it, any time.
Why is a fortnightly repayment not just half the monthly one?
A year has more fortnights than twice its months, so the calculator works out a fortnightly repayment on its own basis. Paying exactly half the monthly amount every fortnight adds up to a bit more over a year, and the result shows that option separately.
What does an offset balance change in the calculation?
Interest is worked out on the balance owing less the offset balance, while the repayment stays the same. More of each repayment goes off the loan, so it ends sooner. How your own offset account works is set in your loan contract.
What happens when the interest-only years end?
The balance has not fallen, so principal and interest repayments start on the full amount over the years that are left. The calculator shows both repayments, before and after.
Does the calculator include stamp duty?
No. Transfer duty is set by each state and territory and depends on your circumstances. Pick your state for a link to its revenue office, where one could be read.
Is this advice or a loan offer?
Neither. It is general information only: arithmetic on the figures you enter, without regard to your objectives, financial situation or needs. Your lender's figures are the ones that count.
Repayment calculations are free.
A free account brings your home loan, other loans and assets into one view. The pricing page shows what the free account includes.
What the free account includes →Run your repayments.
Free to use. With a free account, which needs no card, your home loan sits in one overview with your other finances.