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Mortgage Calculator

Enter the loan amount, term and interest rate to see how much you’ll pay each month and how much interest you’ll pay in total.

About 1 minuteYou’ll need: loan amount, term and interest rateYour inputs stay on your device

STEP 01

Enter your loan details

Enter the full amount, from 10,000 up to 1 billion.

years

Repayment method

Interest rate
–
%
–
%
%

Banks often use tiered rates, for example 2.2% for the first 12 months and 2.4% after that.

years

During the grace period you pay interest only and repay no principal.

Set-up fees, account management fees and so on, used to calculate the APR.

RESULT

Your results will appear here

Fill in the loan amount, term and interest rate to see your monthly payment, total interest and APR, together with a month-by-month amortisation schedule (you can switch to yearly).

Monthly payment
—

Total interest—
Total repaid—
Annual percentage rate (APR)—

Principal and interest paid each year

PrincipalInterest

Hover over a bar (or tap it on a phone) to see the amounts for that year.

Amortisation schedule

These results are for reference only. The amount you can actually borrow, the interest rate and your monthly payment depend on the terms your bank approves. Monthly interest and monthly payments are rounded to whole numbers, with any rounding difference settled in the final payment (calculators treat fractions differently, so monthly payments may differ by 1). When the rate changes or the grace period ends, the monthly payment is recalculated from the remaining principal and the number of payments left. Banks may charge interest by the actual number of days, so the amounts they collect may differ slightly from this estimate. The APR is calculated using the internal rate of return method and rounded to two decimal places. It includes only the loan fees you enter, and excludes costs that are not required for the loan itself, such as fire insurance, earthquake insurance and conveyancing fees.

BEGIN WITH A CONVERSATION

Your mortgage is part of your family finances.

How you combine the loan term, grace period and repayment method will shape your cash flow for the next twenty or thirty years. If you’d like to look at your mortgage as part of your overall plan, we’d be glad to talk it through with you.

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