Home Loan Repayment Calculator
Get an estimate on what your home loan repayments might be.
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Estimated repayment and total interest paid amounts are calculated using the information you have provided. Please note that the amounts displaying are indicative only and do not represent the Bank making an offer of credit or providing loan approval.
All calculations assume that interest rates remain unchanged over the life of the loan. The product interest rates used in this calculator are current and subject to change. Estimated repayments at end of fixed rate period and/or interest only period are based on current variable principal and interest rates and are subject to change. Any change to interest rates will result in a change to repayment amounts.
Each calendar year has the following periods – 12 months, 26 fortnights and 52 weeks. No fees or charges have been factored into the above calculation. Please refer to Lending Fees and Charges for all applicable fees.
Suggested weekly and fortnightly repayment amounts are calculated respectively as one quarter or one half of the monthly repayment amount and may result in a reduced term. Please contact us on 13 11 75 to discuss the best option for your weekly or fortnightly repayment amounts.
Interest only repayments subject to credit approval. Before choosing an interest-only repayment option, it's important you understand the potential risks associated with this product feature. As the name suggests, interest-only repayments means you'll repay the interest charges but you are not required to repay the principal during the interest-only period. Since repayments to reduce the principal are not being made during the interest-only period, the full loan amount will still be due at the end of the interest-only period. You will pay more in interest than if you made principal and interest repayments.
Loan to Value Ratio (LVR) limits are inclusive of Lenders Mortgage Insurance (LMI) where applicable. A repayment type of interest only is available on loans with an LVR limit < 90%. At the expiry of the interest only period, the rate will convert to the applicable P&I interest rate plus or minus any applicable margins specified in your credit contract.
# Each comparison rate is based on $150,000 over 25 years. WARNING: These comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison rates for Interest Only Fixed Rate home loans are based on an initial Interest Only period equal in length to the fixed. Comparison rates for Interest Only Variable home loans are based on an initial 5 year Interest Only period.
Banking products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882 ("Suncorp Bank") to approved applicants only. Please read the relevant Product Information Document for Suncorp Bank Personal Deposit Accounts and the Terms and Conditions for Suncorp Accounts before making a decision regarding a Suncorp Bank transaction account. Fees, charges, terms and conditions apply and are available on request or at suncorp.com.au/banking/help-support/documents-forms.
Standard Interest Rates are applied for all lending from $10,000 to $150,000. For loans over $150,000 you may be eligible for a special offer or Home Package Plus discount – terms and conditions apply
Once the interest only terms ends, your repayments will automatically switch to Principal & Interest. If selecting a Fixed loan type, your interest only period will be the same or longer than the fixed rate term.
A comparison rate is a rate that indicates the true cost of a loan. This rate incorporates certain fees and charges that are applicable for the chosen product.
Access extra payments you've made on your home loan using our loan Cashback feature. You will need to apply for this.