Home loan repayment calculator
Your monthly bond repayment, what the loan costs in interest, and how much an extra payment each month saves.
Your result
| Loan amount | |
|---|---|
| Required repayment | |
| Extra payment | |
| Paid off in | |
| Total interest | |
| Interest saved by paying extra | |
| Total repaid |
Where each year’s repayments go
- Capital
- Interest
Show the figures year by year
| Year | Capital | Interest | Still owed |
|---|
How the calculator works
The repayment is the fixed monthly amount that repays the loan over the term at the rate you enter, with interest worked out monthly on what you still owe. Early in the loan most of each repayment is interest; the chart shows how that shifts towards capital each year.
An extra payment each month comes off the capital, so the next month’s interest is lower. Small extra amounts, paid early, cut years off the loan.
What the result leaves out
Changes in the interest rate. When the prime rate moves, your rate and repayment move with it.
Your bank’s initiation fee, monthly service fee and any life or home insurance it requires.
Transfer duty, transfer costs and bond registration costs, which you pay when you buy.
Your bank decides your rate and repayment when it approves the loan. The information on this website is general and should not be seen as financial advice or a recommendation. We trust our sources but can’t guarantee absolute accuracy or completeness. Talk to a TRG adviser about your own circumstances.
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