Mortgage Repayment Calculator

This mortgage calculator allows you to estimate your potential loan repayments on a new home loan.

You can use our home loan payment calculator as a guide to what your mortgage repayments could be a new home loan.

How does it work:

This online mortgage calculator provides an estimate of:

  • Your loan repayment
  • The total amount of interest you will pay over the life of the loan
  • The speed at which you will pay down the principal over the life of the loan

To get started, enter your required loan amount, loan term, interest rate and loan repayment frequency. The calculator assumes that you are making principal & interest repayments towards your loan.

The next step from here is to understand whether you meet the borrowing capacity for your requested loan amount.

$
30
051015202530
%

You would be repaying

$3,043monthly

Total interest paid: $595,446

Total principal & interest paid: $1,095,446

Can I borrow

$500,000?

After 0 years:

Principal
$0k
Interest
$0k
Remaining
$0k

Low rates and fees

View rates
6.14%

variable rate p.a.

6.16%

comparison rate p.a.*

Owner occupier P&I with LVR ≤80%

Want to learn more about mortgage repayments?

Read our guide to learn how mortgage repayments work, how much they will be and how you might be able to save.

Read now

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How much deposit do I need for a home loan?

Your home loan deposit determines what loan you qualify for and what property you can afford.

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How mortgage repayments work

  1. Outline your required loan amount. This is also called the loan principal
  2. Determine the applicable interest rate you will have to pay the lender. Select between principal & interest or interest only repayments.
  3. Select the loan term. This is the agreed timeline over which you will repay your home loan
  4. Select how frequently you would like to make repayments. This can be monthly, fortnightly or weekly
  5. Leverage the inputs above within our mortgage repayment calculator to estimate your mortgage repayments
  6. Make a budget and check that you can afford your loan repayments

Frequently asked questions

What size home loans does Yard provide?

The minimum loan size you can apply for is $150,000, whilst the maximum loan size is $5 million.

How long can I borrow money from Yard to finance my home?

We can lend you funds for a loan term period between 2 and 30 years.

What type of interest rates and repayments do you offer?

We offer variable and fixed interest rates on our home loans. We provide 1, 2, 3 and 5-year fixed rate loans. You may select to repay principal and interest from the start or apply to have a limited period making just interest repayments. Our maximum interest only period is 5 years.

How frequently can I repay my loan with Yard?

Yard provides the option for monthly, fortnightly or weekly repayments. We can setup automatic loan repayments with a periodic debit linked to your Yard offset account or another bank account.

Check out some of ourother mortgage calculators

Yard is your partner forproperty ownership.

We consider your time, yourcircumstances and your wallet.

Apply now