We’ve Helped Over 150+ First Home Buyers
We’ve Helped Over 150+ First Home Buyers
Work out what your monthly repayments could look like across different loan amounts and interest rates.
Work out what your weekly, fortnightly or monthly repayments could look like across different loan amounts and interest rates. Use this as a starting point to understand what fits your budget before speaking with one of our team.
* Update version: January 2025
Your full financial situation and requirements need to be considered prior to any offer and acceptance of a loan product.
The information contained in this website is of a general nature and does not take in to account your personal needs and requirements. The figures shown in the calculators do not constitute an offer for finance. Lender policy and conditions, fees and charges will apply.
The information provided by the calculator is intended to provide illustrative examples based on the stated assumptions of your input. Results are a guide only and do not constitute financial advice or a guarantee of an outcome. You should always discuss your individual circumstances with a representative of Houses For Heroes.
A loan repayment calculator estimates how much your regular repayments would be based on your loan amount, interest rate, and loan term. It helps you understand the ongoing cost of a home loan before you apply.
Repayments are calculated based on your loan amount, interest rate, and loan term. Most home loans in Australia use principal and interest repayments, meaning each payment reduces your loan balance (principal) and covers the interest charged.
Principal and interest repayments gradually reduce your loan balance over time and are the most common option for owner-occupiers. Interest-only repayments are sometimes used for investment loans, as they may be considered tax-deductible debt.
The right option depends on your goals, whether you’re buying your first home, upgrading, or investing. Our team at Houses for Heroes can help you understand which structure suits your situation and long-term plans.
For specific taxation advice, it’s always best to speak with your own qualified tax professional.
Even a small change in interest rate can have a noticeable impact on your repayments and the total interest paid over the life of your loan.
Understanding how different rates affect your loan can help you make more informed decisions. Our team can compare options across multiple lenders and help you secure a competitive rate that suits your goals and financial situation.
Most variable rate home loans allow you to make extra repayments without penalty, helping you pay down your loan faster. Fixed rate loans, on the other hand, often have limits on additional repayments during the fixed period and may restrict access to redraw those extra funds.
Making extra repayments can reduce your loan balance sooner and potentially save you a significant amount in interest over the life of your loan. At Houses for Heroes, we help you structure your home loan to give you the right balance of flexibility and long-term savings based on your goals.
The calculator gives you a ballpark. Dan can give you real numbers based on your income, your loan structure, and the lenders most suited to your situation.
Free. No credit check. No pressure to proceed.
