Mortgage Repayment Calculator
Know your numbers
How well do you know your numbers?
Use the calculator below to see your repayments at your current interest rate and at 6.75%.
Use the 6.75% figure as an ideal repayment number that will allow you to build a buffer- be that as available redraw, offset against interest or simply for a rainy day.
Fix your repayments, not your rate.
Explore Your Options
Know your numbers
Get an understanding of monthly repayments, interest only and suggested buffer amounts.
What Could My Repayments Be?
See indicative repayments across different loan amounts, terms and interest rates.
Can I Afford This Property?
Test your deposit, rate and loan scenarios to understand what may fit your budget.
Calculator Questions, Answered
Use your results as a helpful starting point, then speak with Ask Alan Heath for guidance tailored to your goals and circumstances.
What do you mean fix your repayment, not your rate?
Rather than locking in a fixed rate of interest for a term, try finding a repayment amount (normally higher than minimum) that works for your budget, and stick with it. That way when interest rates fall you get the benefit of extra principal being payed off your loan (or a re-drawable buffer) and when interest rates rise, you’ve already factored an increase into your budget.
How should I interpret my calculator results?
Your results are estimates designed to help you explore possible loan amounts, repayments and deposit needs. They are not a loan approval or personal lending recommendation.
Can I change the assumptions in the calculator?
Yes. Adjust figures such as interest rate, loan term and loan amount to see how different assumptions may affect your estimated result.
Are the displayed interest rates guaranteed?
No. Rates used in the calculator are illustrative only and may not reflect current lender offers, fees, eligibility criteria or the rate available for your application.
Want Help Turning Estimates Into a Plan?
0411 601 459
alan.heath@askalanheath.com.au
Email Alan anytime for support or questions regarding your mortgage application.
helen.harrison@askalanheath.com.au
Email Helen anytime for technical support related to the website or form completion.
