Repayment calculator
Move the sliders to see how the loan amount, rate and term change your repayments.
Repayment estimate
Your numbers$3,897
Total interest
$752,948
Estimate only, using the rate you enter. It isn't a quote, a current lender rate or an offer of credit, and it excludes fees and charges.
Reading the result
Fortnightly and weekly figures here are simply the yearly total divided evenly. Some lenders calculate fortnightly repayments as half the monthly amount, which means you make the equivalent of one extra monthly repayment each year and pay the loan off sooner.
Interest-only repayments are lower at first, but you're not reducing the loan. When the interest-only period ends, repayments rise because the remaining term is shorter.
Small differences add up. On a 30-year loan, a 0.25% lower rate can save thousands of dollars over the life of the loan, which is why reviewing your loan regularly matters.
Talk it through with Ram
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