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.
All interest rates and discounts are subject to change without notice. Discount margins may be withdrawn at any time before a contract is entered into.
# 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 rate period. Comparison rates for Interest Only Variable home loans are based on an initial 5 year Interest Only period.
* The Refinance Offer is applicable when you apply and settle an Eligible Home Loan with Suncorp Bank. An Eligible Home Loan is a loan that is: (1) applied for between 8 October 2018 – 30 June 2019 and settled by 29 September 2019; (2) refinanced from another financial institution; (3) $250,000 minimum loan refinance with a Loan to Value Ratio of 80% or less; (4) a Standard Variable or 2, 3 or 5 Year Fixed Rate loan in the Home Package Plus (Line of Credit / Access Equity and 1 Year Fixed Special Offer are excluded), or Back to Basics Better Together Special; (5) not established in the name of a company, business or trust. Refinancing of an existing Suncorp Bank home loan or pre-approvals are ineligible for the Refinance Offer. A limit of one (1) payment of $1,500 will be made to a borrower and if there is more than 1 borrower one (1) payment will be made to them jointly. Each borrower, whether individually or jointly, can only ever receive a payment of $1,500 once. If any of the borrowers have received a payment whether individually or jointly under the Refinance Offer previously then no further payments will be made. The $1,500 cash payment will be credited to the linked Everyday Options account which forms part of the Home Package Plus; or to the transaction account linked to the Back to Basics Better Together Special only, within 30 days of the settlement date. Suncorp Bank reserves the right to terminate the offer at any time. Applications subject to credit approval. Fees, and charges may be applicable. Full terms and conditions will be included in our loan offer.
Depending on your financial circumstances, you should obtain independent advice before making any decisions regarding this Refinance Offer.
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 on our Product Information Documents and Forms page.
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. For more information about the comparison rate and the comparison rate warning, please refer to the things you should know section of this page.
Access extra payments you've made on your home loan using our loan Cashback feature. You will need to apply for this.