Home Loan Calculator

Save yourself from future financial stress by making an informed decision. Use our mortgage repayment calculator and learn how much mortgage you can afford to pay monthly.

Calculate Your Home Loan in Minutes

Plan ahead of your purchase by understanding your budget and how much of a loan you will be repaying monthly. By calculating your mortgage loan, you can gain insight into how your finances will be affected and how much you can save on your loan interest.

Home Loan Calculator

Loan amount

Loan term years

Interest rate % p.a.

This calculation is a guide only, based on the information you've entered. It excludes fees and charges and does not constitute a loan offer, formal approval, or financial advice.

Estimated loan repayments

$0 per week

Loan amount$0
Loan term0 yrs
Interest rate0.00%
Balloon payment$0

Rates and repayments shown are indicative only and exclude fees. Your actual rate depends on the lender and your circumstances.

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40+ Lenders Mean Better Rates and More Choices

We compare the major banks and second-tier lenders to get you the best deal possible for your business and individual needs.

Our experts recommend options from the panel that best match your circumstances.

Simple Inputs

Details You Need to Calculate Your Loan

Avoid the hassles of complex formulas and lengthy calculations to simplify your mortgage repayment process. You can use the home loan calculator and make your life easy. Finance Master has designed a repayment calculator that gives you accurate calculations based on a few important inputs.

Loan Amount

It is the actual amount you decide to borrow. Calculate it by deducting the down payment from the home purchase price.

Interest Rate

Input the percentage of the annual interest rate, which depends on your credit score, loan type, financial history, and market conditions.

Loan Term

Number of years you will take for mortgage repayment. The options include a 30-year mortgage, a 15-year mortgage, or custom terms.

Repayment Options

Whether you will pay the principal amount only or with interest, and at what frequency, like weekly, fortnightly or monthly.

You can also enter extra payments such as application fees or processing charges and see how the results are affected. To use the calculator, gather the details and input the accurate numbers. Upon clicking the ‘calculate’ button, you will get error-free calculations. You can review it closely and then create different scenarios by changing the numbers. Use multiple calculators, like a home loan rate calculator for comparing different loans or a home loan interest rate calculator to plan your budget better and make realistic decisions.

The calculator also features an amortisation schedule that gives a breakdown of your monthly payment by splitting it into principal and interest. It also displays your remaining balance, helping you track your progress and schedule your payoff timeline.

Whatever Your Goal

Explore Our Finance Services

Different financial goals require different types of finance. You can explore our solutions for property purchases, existing loans, vehicles, and business requirements.

Home Loans

We help turn your property plans into a practical finance strategy, whether you are purchasing, building, or renovating your home.

First Home Buyers

As specialist mortgage brokers, we help first-time home buyers find the best available finance options designed around their needs.

Investment Loans

Planning to purchase an investment property? We provide lending solutions that can support your broader portfolio goals.

Refinancing

Your current loan may no longer suit your circumstances. Our team goes above and beyond to assist you in switching to the right loans.

Business Loans

Whether you are expanding or managing day-to-day business needs, we help you choose from options tailored to your specific needs.

Car Loans

A vehicle can be an important personal or business purchase. We will find the right financing solution to help you buy new or used cars.

Truck & Equipment Finance

We help keep your operations moving with financing options for trailers, trucks, machinery and other equipment required for your business.

Asset Finance

From essential machinery to operational equipment, we explore ways to fund business assets without paying the full cost upfront.

Financial Planning

How Can You Manage Your Mortgage Costs?

To save on your monthly mortgage payment and remain unaffected during market shifts in Australia, you must consider these helpful tips for making the right decision.

Try to improve your credit score and get it high enough to qualify for a lower mortgage interest rate. Use your credit and timely repayment of your debt to boost your credit score.
Aside from your own finances, consider other economic factors, such as current interest rates, inflation, and housing supply, that affect your affordability.
Consider a family member or friend who has stronger finances than yours to be your co-signer. Remember that it will bring them under the spotlight if you fail to repay.

From Finance Goal to Funding

How Do We Work?

From your initial enquiry through to your finance being arranged, we follow a methodical approach.

Initial Consultation

Free, no-obligation initial consultation to discuss your refinance or next purchase and to find the right financing solution for you.

We Compare

We have strong relationships with lenders that provide us access to exclusive deals and negotiate better rates on your behalf.

We Apply

Our team completes, checks, and submits loan applications, making sure all the needed documents are sent to the lender.

Follow Up

After the loan is secured, we continue to provide ongoing support and specialist advice to make sure the process goes smoothly.

Make Informed Decisions

Why Use a Home Loan Calculator?

At Finance Master, we have designed a digital financial tool to help you make better financial decisions and avoid making costly mistakes. Other helpful features of our calculator include:

Accuracy

The calculator is free of human error or any other inefficiency that arises from manual calculations, giving you accurate numbers.

Easy to Use

To use the calculator, all you need is a device and an internet connection. The user interface is understandable, and the process is simple.

Flexibility

With a few changes in variables like interest rates or loan terms, you can create loan scenarios and understand how your finances are affected.

Time Saving

Compared with manual calculations, which take almost half an hour, our home loan and repayment calculator gives you a precise calculation within a few minutes.

Curious What You Could Actually Afford? Find Out Now.

Try our mortgage calculator, and within a few minutes you will get an accurate estimate of what you can afford and what your monthly repayment would be.

Common Questions

frequently asked questions

Does the home loan calculator take my deposit into account?

The calculator focuses on the amount you intend to borrow. Your deposit is normally taken off the property’s purchase price first, leaving the remaining amount as your estimated loan. Enter that loan figure for a more useful repayment estimate.

Can I check a property's affordability with the calculator?

You can use the calculator to estimate the repayments for a property you are considering. However, your mortgage is not your only housing expense. Remember to allow for costs such as insurance, council rates, repairs, utilities, and regular household spending.

Should I use the calculator before looking at properties?

Yes. Using a home loan calculator early can help you set a realistic price range. You can enter different loan amounts and see which repayment levels are more suitable for your budget before you start making offers.

How would a higher interest rate change my repayments?

If the interest rate goes up while the loan amount and term remain unchanged, your repayments will generally increase. You can test several interest rates in the calculator to see how sensitive your budget may be to rate changes.

Is it possible to compare various mortgage terms?

Yes, you need to keep the loan amount and interest rate the same, then change the repayment period. A longer term can lower each scheduled repayment, but it can also result in more interest being paid across the entire loan.

Can I test different Australian interest rates?

Yes. You can enter different rates and compare the resulting repayments. However, the calculator cannot tell you what Australian interest rates will be in the future, so use current lender information when creating realistic scenarios.

Is a home loan calculator useful for an investment property?

It can help you estimate the loan repayments for an investment property. However, it does not offer a full overview of investment costs. You should also consider rental income, property expenses, periods without tenants, tax matters, and other ownership costs.

What figures should I enter when planning to buy a home in Australia?

Start by gathering the expected property price, deposit, amount you plan to borrow, interest rate, and loan period. Entering realistic figures gives you a better starting point for comparing possible borrowing options.

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From purchasing your first property to expanding an established business, Finance Masters can help ensure the right finance turns your next plan into a practical step forward.