Change the values of the below fields and click update to see the results
Your principal and interest repayments would be $2,387 per month
| Balance | Payment | Interest | Principal | |
|---|---|---|---|---|
| Year 1 | $491,195 | $28,645 | $19,840 | $8,805 |
| Year 2 | $482,031 | $28,645 | $19,481 | $9,164 |
| Year 3 | $472,494 | $28,645 | $19,108 | $9,537 |
| Year 4 | $462,568 | $28,645 | $18,719 | $9,926 |
| Year 5 | $452,238 | $28,645 | $18,315 | $10,330 |
| Year 6 | $441,486 | $28,645 | $17,894 | $10,751 |
| Year 7 | $430,297 | $28,645 | $17,456 | $11,189 |
| Year 8 | $418,652 | $28,645 | $17,000 | $11,645 |
| Year 9 | $406,533 | $28,645 | $16,526 | $12,119 |
| Year 10 | $393,920 | $28,645 | $16,032 | $12,613 |
| Year 11 | $380,793 | $28,645 | $15,518 | $13,127 |
| Year 12 | $367,131 | $28,645 | $14,983 | $13,662 |
| Year 13 | $352,912 | $28,645 | $14,426 | $14,218 |
| Year 14 | $338,115 | $28,645 | $13,847 | $14,798 |
| Year 15 | $322,714 | $28,645 | $13,244 | $15,401 |
| Year 16 | $306,686 | $28,645 | $12,617 | $16,028 |
| Year 17 | $290,005 | $28,645 | $11,964 | $16,681 |
| Year 18 | $272,644 | $28,645 | $11,284 | $17,361 |
| Year 19 | $254,576 | $28,645 | $10,577 | $18,068 |
| Year 20 | $235,772 | $28,645 | $9,841 | $18,804 |
| Year 21 | $216,202 | $28,645 | $9,075 | $19,570 |
| Year 22 | $195,834 | $28,645 | $8,277 | $20,368 |
| Year 23 | $174,637 | $28,645 | $7,448 | $21,197 |
| Year 24 | $152,576 | $28,645 | $6,584 | $22,061 |
| Year 25 | $129,616 | $28,645 | $5,685 | $22,960 |
| Year 26 | $105,721 | $28,645 | $4,750 | $23,895 |
| Year 27 | $80,852 | $28,645 | $3,776 | $24,869 |
| Year 28 | $54,970 | $28,645 | $2,763 | $25,882 |
| Year 29 | $28,034 | $28,645 | $1,709 | $26,936 |
| Year 30 | $0 | $28,645 | $611 | $28,034 |
$859,348
Total Interest Charged
$359,348
What will the repayments be on my mortgage?
Our mortgage repayment calculator gives you an estimate of what your repayments could be, based on your home loan amount, your loan type and the interest rate you think you'll be paying.
Once you get an idea of your mortgage repayments from the calculator, together with the rest of your budget you'll start to see whether you can realistically afford the home you want to buy, you might even discover you can afford a more expensive one than you first thought.
DISCLAIMER: The results of the Mortgage Repayment Calculator are not financial advice and should only be used as a general guide. Investment Pros accept no responsibility for the accuracy of data entered into the Mortgage Repayment Calculator and its subsequent results/estimates. Always consult a qualified and licensed financial professional before making investment decisions. Please refer to the full calculators disclaimer before using Investment Pros Mortgage Repayment Calculator.