Mortgage Repayment Calculator
Estimate principal-and-interest home loan repayments by amount, rate, term and payment frequency.
An estimate is the beginning.
Change the inputs, compare the result and download a branded report—then verify important decisions against actual lender policy and your complete circumstances.
Mortgage repayment calculator
Estimate principal-and-interest repayments using your loan amount, rate, term and preferred frequency.
Download this calculation as a PDF.
The report includes the figures currently shown, Rockvale Finance contact details, the calculation assumptions and an important disclaimer.
Results are estimates only and do not constitute credit, financial, tax or legal advice. They exclude some fees and may use simplified assumptions. Actual repayments, borrowing capacity, tax, costs and eligibility depend on lender or government rules and your complete circumstances.
Turn the estimate into a better question.
A repayment estimate helps you test whether a proposed loan feels comfortable before lender fees, rate changes and your complete household budget are considered.
- 01Enter the proposed loan amount
- 02Use an indicative annual interest rate
- 03Choose the remaining loan term
- 04Compare monthly, fortnightly or weekly estimates
Important considerations.
- A variable rate can change during the term
- Comparison rates and fees are not included
- Interest-only repayments use a different calculation
- Lenders assess affordability using a higher assessment rate
How are mortgage repayments calculated?+
Principal-and-interest repayments use the loan amount, interest rate, payment frequency and term to calculate a regular amount that repays both interest and principal.
Does paying fortnightly reduce interest?+
It can if the total amount paid each year is higher. Simply converting a monthly amount into an equivalent fortnightly amount does not automatically create extra annual repayments.