Choose your loan type
The default I recommend you use is “variable with offset” which will give you a general idea. If you are looking at fixing your interest rate, then choose a time period to fix for, from 1 to 5 years (...
Home Loan Repayments Calculator
The Home Loan Repayments calculator will estimate what your weekly, fortnightly or monthly home loan repayments will be.
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What’s your loan repayment?
Are you considering taking out a home loan in Queensland? One of the most important factors to consider is your loan repayment amount.
Our Home Loan Repayments Calculator QLD is a powerful tool that can help you estimate your monthly repayments based on your loan amount, interest rate, and loan term.
Whether you’re a first-time homebuyer or looking to refinance your existing mortgage, this calculator can provide valuable insights to help you make informed decisions.
Want advice from an experience Brisbane Mortgage Broker, Gold Coast Mortgage Broker or Sunshine Coast Mortgage Broker, then please book a free call with me.
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How to use
How To Estimate Loan Repayments
Using our Home Loan Repayments Calculator QLD is simple and straightforward. Here’s a step-by-step guide:
Select your interest rate
I recommend you leave this at the rate that is set as the default.
If you want to see what will happen to your loan repayments after one or two rate rises, then add another 0.5%.
Choose your repayment frequency
I always recommend you line this up with your pay frequency. I think that weekly is the better alternative in general as you are chipping away at your loan balance in smaller chunks rather than one la...
Select repayment type
Leave this on ‘Principle and Interest” as the default, which means you are repaying some of the actual loan balance each month, plus the interest back to the bank. ‘’Interest Only” is usually an optio...
We help you keep your home loan repayments down.
Every year we review your home loan and ask the lender for a lower rate, so you don’t have too.
5 Interest Rate Tips
Home Loan Repayments Calculator
You may not be eligible for the lowest rate
The rate you get will depend on your personal financial situation and meeting the lenders requirements around deposit / equity, income, debts, expenses and credit score.
Be aware of honeymoon rates
Banks will often advertise a low variable interest rate to attract you then within the first year that rate will have risen again.
Most people pay their home loan off twice
Over the 30 year term, they pay off the principle and about the same amount in interest.
Clients who follow our strategy cut up to 10 years off their loan
Check if refinancing will actually save you money
There are costs associated with refinancing that will eat away at the savings you are trying to make so make sure you have an experienced refinance broker view it for you.
Might be better to just ask your lender for a lower rate
You may find that by calling up your lending and asking for a better rate, they may just give you it if they want to keep you as a customer. That way you keep your savings without having to go through the full process and cost of changing banks.
