About Mortgage Repayment Calculator
The Mortgage Repayment Calculator is intended to simplify your home loan decisions by providing you with an estimate of your mortgage repayments. These calculations are based on the financed amount requested, the length of the loan term, and the interest rate.
Using a home loan repayment calculator or mortgage calculator like this one can help you evaluate whether a given mortgage amount is right for you. Informed budgeting and planning is the most effective way to ensure you make smart decisions around a home loan, and a mortgage repayment calculator will do some of the heavy lifting for interested home loan seekers.
After filling in the relevant details of the mortgage -- length, interest rate, and the amount requested -- our home loan calculator will show you an estimate of what your payments would be, helpfully broken down into weekly and monthly payments. We also show a calculation of the total interest paid for each repayment strategy, so you can compare total interest amounts.
The results of the Mortgage Repayment Calculator should not be considered a quote, loan offer, or as investment advice, and are provided as a guide only. Your Mortgage recommends that you speak with a mortgage broker before making the decision to apply for a home loan.