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Home Loan Repayment Calculator

Use this calculator to find out your estimated home loan repayments. Simply adjust your loan amount, loan terms, and interest rate to see how you could pay off your home loan faster. This estimate will take 2 minutes to complete and will show you what your repayments could look like.

The effective date of any interest rates is 9 February 2024 unless shown otherwise within interest rate terms and conditions.

Our lowest home loan variable rate

Variable Rate

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Comparison rate

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. For more information about the comparison rate and the comparison rate warning, please refer to the things you should know section of this page.

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Discounted Back to Basics Variable Rate with Better Together Special Offer. Owner Occupied. New to bank lending ≥ $150,000. Maximum LVR 60%. Principal and Interest repayments.

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Easy application, fast approvals

Complete your calculations

You can apply online by filling out an application – this will take you about 20 minutes

If conditionally approved, start the search for your dream home

You’re ready to buy

Finalise formal approval and move into your new home

Easy application, fast approvals


Complete your calculations

You can apply online by filling out an application – this will take you about 20 minutes

If conditionally approved, start the search for your dream home

You’re ready to buy

Finalise formal approval and move into your new home

Have a small or big question?

Are you looking for more information on repayments or home loans?

For immediate assistance, call 1300 713 369 Mon-Fri 8am-7pm and Sat-Sun 9am-2pm (AEST)

Frequently asked questions

How are home loan repayments calculated?

Various factors influence home loan repayments. This includes the loan amount, the loan term (e.g. 20 years), whether a fixed or variable interest rate applies and whether you're making principal and interest or interest-only payments. It's important to remember that interest rates are subject to change, which will impact the repayment amount on a home loan with a variable interest rate.



^ Home Loan Repayments
Home loan repayments and total interest paid are calculated using the information selected and are an indicative estimate only that does not take into account your personal circumstances at the time of using the calculatorThe interest and repayments may vary due to;

  • The date of which your monthly payment is due
  • Loan Balance
  • Interest Rate – which may fluctuate
  • Repayment Type – Principal & Interest or Interest Only
  • Purpose – Investment or Owner Occupied
  • Term of the loan, and
  • Frequency of payments.

The calculator is not intended to be your sole source of information when making a financial decision. Consider getting advice from a licensed finance professional, if you need it.

Using this calculator does not guarantee you will be eligible for a loan. You will need to satisfy Suncorp Bank’s lending criteria.

All calculations assume that interest rates remain unchanged over the life of the loan, any change to the above factors will result in a change to repayment amounts.

Calculations are not a loan approval. Applications are subject to credit approval, satisfactory security and minimum deposit requirements. Conditions apply to all loan options. Full terms and conditions will be set out in our loan offer, if an offer is made.

No fees or charges have been factored into the above calculation. Please refer to Lending Fees and Charges for all applicable fees.

Interest Only repayments are subject to credit approval. Given you pay Interest Only for a set term, your loan balance will remain the same while your term is reducing, meaning at the end of the term your repayments will be higher and you may pay more interest over the term of the loan.

Please contact us on 1300 792 809 or visit your local branch and ask to speak to a lender to discuss a repayment option that will suit your personal circumstances.

*Discounted rate is only available for new Personal/Owner Occupied loans taken out as part of the Better Together Special Offer >= $150,000 and borrowings <= 60% of the security property value (LVR) inclusive of lenders mortgage insurance (if applicable), with Principal and Interest repayments and who hold a Suncorp Bank transaction account. The discounted rate (currently 6.18% p.a.) is calculated by subtracting a discount of 2.47% from the Standard Back to Basics Variable Rate (currently 8.65% p.a.). Rates and discounts are subject to change and may be varied if the loan purpose or repayment type is changed or where the borrower fails to hold a Suncorp Bank transaction account. Pre-approvals excluded. The discounted rate is available on eligible loans applied for from 19 January 2024.

# COMPARISON RATE:
A comparison rate is a rate that indicates the true cost of a loan. This comparison rate is based on $150,000 over a term of 25 years and incorporates certain fees and charges that are applicable for the chosen product.

WARNING: This comparison rate applies 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 rate period. 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, Lending Fees and Charges and Home Package Plus Terms and Conditions before making a decision regarding any Suncorp Bank products. Fees, charges, terms and conditions apply and are available on request or on our Product Information Documents and Forms page.

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Standard rates

For loans over $150,000 you may be eligible for a special offer or Home Package Plus discount – terms and conditions apply

Interest only

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.

Comparison rate

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. For more information about the comparison rate and the comparison rate warning, please refer to the things you should know section of this page.

Redraw

Access extra payments you've made on your home loan using our loan Cashback feature. You will need to apply for this.

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