Basic loan repayments calculator
About the basic loan repayments calculator
This calculator lets you enter a home loan amount and calculate four different loan repayment scenarios. It's a great basic mortgage calculator that can help you get a better idea of how much you will need to pay to start making a dent in your mortgage. You may also like to take a look at the extra repayments calculator.
Instructions
Use the sliders to change the number of years and enter two different interest rates to compare on the left. You can also adjust the repayment schedule to monthly, fortnightly or weekly. The periodic payment amount and total cost of the loan is then displayed for each of the four scenarios and represented in the graph on the right.
As you'll see, adjusting the interest rate by 1% or the loan repayment period by one year can have a very large impact on the total cost of your home loan.
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Disclaimer: Although every effort has been made to ensure the accuracy of this mortgage calculator the results should be used as indication only. This calculator should not be considered as a quote or pre-qualification for a home loan. Flash player is needed to view this calculator. Download the plugin free here: |
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