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Home Loan Repayment Calculator
How much would my monthly repayments be?
The home loan repayment calculator helps you estimate how much your monthly repayments are, based on the interest rate, loan term and total loan amount.
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%
Years
([loanamount]*([interestrate]/100)/12/(1-Math.pow(1+([interestrate]/100)/12,-([loanterm]*12))))
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([loanamount]*([interestrate]/100))/12
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([loanamount]*([interestrate]/100))/12
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([loanamount]*([interestrate]/100))/12
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([loanamount]*([interestrate]/100))/12
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([loanamount]*([interestrate]/100))/12
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(([loanamount]*([interestrate]/100)/12/(1-Math.pow(1+([interestrate]/100)/12,-([loanterm]*12))))*12)*[loanterm]
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(([loanamount] * ([interestrate] / 1200) * Math.pow((1 + [interestrate] / 1200), ([loanterm] * 12))) / (Math.pow((1 + [interestrate] / 1200), ([loanterm] * 12)) - 1)) * ([loanterm] * 12) - [loanamount]
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([loanamount] * ([interestrate] / 100) / 12) / (1 - Math.pow(1 + ([interestrate] / 100) / 12, -([loanterm] * 12)))
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(([loanamount] * ([interestrate] / 100) / 12 * 12) + (([loanamount] * ([interestrate] / 100) / 12) / (1 - Math.pow(1 + ([interestrate] / 100) / 12, -(([loanterm] - 1) * 12))) * (([loanterm] - 1) * 12)))
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(([loanamount] * ([interestrate] / 100)) / 12 * 12) + (((( ([loanamount] * ([interestrate] / 100) / 12) / (1 - Math.pow(1 + ([interestrate] / 100) / 12, -(([loanterm] - 1) * 12)))) * (([loanterm] - 1) * 12)) - [loanamount]))
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([loanamount] * ([interestrate] / 100) / 12) / (1 - Math.pow(1 + ([interestrate] / 100) / 12, -(([loanterm] - 2) * 12)))
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(([loanamount] * ([interestrate] / 100) / 12 * 24) + (([loanamount] * ([interestrate] / 100) / 12) / (1 - Math.pow(1 + ([interestrate] / 100) / 12, -(([loanterm] - 2) * 12))) * (([loanterm] - 2) * 12)))
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((([loanamount] * ([interestrate] / 100)) / 12 * 24) + (((([loanamount] * ([interestrate] / 100) / 12) / (1 - Math.pow(1 + ([interestrate] / 100) / 12, -(([loanterm] - 2) * 12)))) * (([loanterm] - 2) * 12)) - [loanamount]))
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([loanamount] * ([interestrate] / 100) / 12) / (1 - Math.pow(1 + ([interestrate] / 100) / 12, -(([loanterm] - 3) * 12)))
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(([loanamount] * ([interestrate] / 100) / 12 * 36) + (([loanamount] * ([interestrate] / 100) / 12) / (1 - Math.pow(1 + ([interestrate] / 100) / 12, -(([loanterm] - 3) * 12))) * (([loanterm] - 3) * 12)))
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((([loanamount] * ([interestrate] / 100)) / 12 * 36) + (((([loanamount] * ([interestrate] / 100) / 12) / (1 - Math.pow(1 + ([interestrate] / 100) / 12, -(([loanterm] - 3) * 12)))) * (([loanterm] - 3) * 12)) - [loanamount]))
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([loanamount] * ([interestrate] / 100) / 12) / (1 - Math.pow(1 + ([interestrate] / 100) / 12, -(([loanterm] - 4) * 12)))
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(([loanamount] * ([interestrate] / 100) / 12 * 48) + (([loanamount] * ([interestrate] / 100) / 12) / (1 - Math.pow(1 + ([interestrate] / 100) / 12, -(([loanterm] - 4) * 12))) * (([loanterm] - 4) * 12)))
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((([loanamount] * ([interestrate] / 100) / 12 * 48) + (([loanamount] * ([interestrate] / 100) / 12) / (1 - Math.pow(1 + ([interestrate] / 100) / 12, -(([loanterm] - 4) * 12))) * (([loanterm] - 4) * 12))) - [loanamount])
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([loanamount] * ([interestrate] / 100) / 12) / (1 - Math.pow(1 + ([interestrate] / 100) / 12, -(([loanterm] - 5) * 12)))
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(([loanamount] * ([interestrate] / 100) / 12 * 60) + (([loanamount] * ([interestrate] / 100) / 12) / (1 - Math.pow(1 + ([interestrate] / 100) / 12, -(([loanterm] - 5) * 12))) * (([loanterm] - 5) * 12)))
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((([loanamount] * ([interestrate] / 100) / 12 * 60) + (([loanamount] * ([interestrate] / 100) / 12) / (1 - Math.pow(1 + ([interestrate] / 100) / 12, -(([loanterm] - 5) * 12))) * (([loanterm] - 5) * 12))) - [loanamount])
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Important disclaimer: The results from this home loan repayment calculator are provided for illustrative purposes only and are based on the information you provided. They do not constitute financial advice and should not be relied upon as a substitute for professional advice. Actual loan repayment amounts may vary depending on the lender, loan type, interest rates, fees, and your financial circumstances. It is important to consult with a financial advisor or mortgage broker to obtain a more accurate and personalised assessment before making any financial decisions. The calculator does not account for all factors that may affect your loan repayments, such as changes in interest rates or additional fees. We do not guarantee the accuracy, reliability, or completeness of the information provided by this calculator.
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- Personalised Solutions: Tailored lending advice to meet your unique needs.
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Frequently Asked Questions
How much can I borrow for a home loan?
The amount you can borrow depends on several factors, including your income, expenses, credit history, and the size of your deposit. At Can Finance Group, we can help you assess your borrowing capacity and find a loan that suits your financial situation.
What will my home loan repayments be?
Your home loan repayments will vary based on the loan amount, interest rate, and loan term. Our home loan repayment calculator can provide an estimate, but for a more accurate figure, it’s best to speak with one of our mortgage experts.
What types of home loans are available?
We offer a variety of home loans, including fixed-rate, variable-rate, and interest-only loans. Each type has its own advantages, and our team can help you choose the one that best fits your needs.
How does a fixed-rate home loan work?
A fixed-rate home loan locks in your interest rate for a set period, usually between 1 to 5 years. This means your repayments will stay the same during the fixed period, offering stability and peace of mind against interest rate fluctuations.
What is a variable-rate home loan?
A variable-rate home loan has an interest rate that can change over time, depending on market conditions. This type of loan offers flexibility, such as the ability to make extra repayments or redraw funds, but your repayments may vary as interest rates change.
Can I make extra repayments on my home loan?
Yes, making extra repayments can help you pay off your loan faster and reduce the amount of interest you pay over time. The ability to make extra repayments may vary depending on the type of loan you choose, so it’s a good idea to discuss your options with our team.
What is a comparison rate?
A comparison rate is designed to give you a clearer picture of the true cost of a loan. It includes the interest rate as well as most fees and charges related to the loan. This helps you compare loans from different lenders on an equal footing
What is an offset account?
An offset account is a transaction account linked to your home loan. The balance in your offset account reduces the amount of interest you pay on your loan. For example, if you have $20,000 in your offset account and a $300,000 home loan, you’ll only be charged interest on $280,000.
How do I apply for a home loan with Can Finance Group?
Applying for a home loan with us is easy. You can start the process online, over the phone, or in person. Our team will guide you through each step, from assessing your borrowing capacity to choosing the right loan and completing the application.
What documents do I need to apply for a home loan?
To apply for a home loan, you’ll need to provide documents such as proof of identity, proof of income (like payslips or tax returns), details of your expenses, and information about your assets and liabilities. We’ll provide you with a full checklist when you start your application.
