Loan calculator: see the repayment before you talk to anyone.
Pick the type of finance, enter the amount, term and rate, and we'll show the repayment and the total cost over the term. Nothing is submitted and no credit enquiry is made.
Estimate your home loan repayment
Model a purchase or construction repayment. Most Australian home loans are principal & interest over 25–30 years — switch to interest-only to see the difference.
- • Loan amounts from $50,000 to $3 million
- • Indicative rates typically 5.5%–7% p.a. for owner-occupied
- • Terms of 15–30 years, principal & interest or interest-only
Repayment estimate
Important: This estimate is illustrative only. It assumes the selected rate remains unchanged for the whole term and excludes establishment, valuation, legal, monthly, discharge, early-settlement and exit fees. It is not a quote, an offer of credit, credit assistance or financial advice. Envision Finance is a finance comparison and referral service — we are not a lender or a credit provider. Actual rates, approvals and structures depend on your circumstances, the security offered and each lender's credit assessment.
How loan repayments are calculated
A principal & interest repayment is calculated from the amount borrowed, the monthly interest rate and the number of payments, so that the balance reaches zero at the end of the term. An interest-only repayment is simply the borrowed amount multiplied by the monthly rate — the principal is repaid later, usually by refinancing or selling.
Because the calculation assumes a fixed rate, a variable-rate loan will move away from this estimate whenever the rate changes. Use the figures as a planning tool, then confirm the real rate, fees and repayment type in the lender's credit proposal before you apply.
What this calculator does and doesn't tell you
It tells you whether a repayment is realistic in your budget, and how sensitive that repayment is to the term and the rate. It cannot tell you what a lender will offer: that depends on your income and expenses, credit history, the security you can offer, the loan to value ratio, and each lender's own policy at the time you apply. It also excludes fees, lenders mortgage insurance, valuation and registration costs, and any government charges or incentives. Use it as a starting point, then get a real comparison.
Loan calculator questions
How is this loan repayment calculated?
We use the standard principal-and-interest formula on the amount and term you enter, at an indicative rate. It shows the shape of the commitment, not a quote — the rate you're actually offered depends on the lender's credit assessment.
Does the calculator include fees and charges?
No. Establishment fees, monthly account fees, valuation costs, lenders mortgage insurance and government charges are not included. On smaller loans those costs can matter more than a small difference in rate, so always ask for the total cost over the term.
What rate should I use?
For a rough comparison, use a rate a little above what you see advertised. Advertised rates assume a low loan-to-value ratio and perfect repayment behaviour, and are rarely the rate every customer receives.
Can I see interest-only repayments?
For home loans and refinancing you can switch to interest-only, which lowers the repayment while the interest portion is not being reduced. Most lenders allow it for a limited period and then revert to principal and interest.
How much deposit do I need for a home loan?
Many lenders want at least 20% of the purchase price to avoid lenders mortgage insurance. Some will accept a smaller deposit, and first home buyer schemes in each state can change what you need, so check the rules where you're buying.
Is equipment finance cheaper than buying outright?
Not always cheaper, but it preserves cash. A lease or rental keeps your working capital free and can be structured around the asset's life, while buying outright avoids finance costs entirely. Compare the total cost of the facility against the cash you'd tie up.
Does using the calculator affect my credit file?
No. Nothing you enter is submitted to a lender and no credit enquiry is made. It's an estimating tool only — a credit assessment happens later, and only if you choose to apply.
Related finance options
Want the real numbers?
Send through what you're trying to fund and we'll come back with lender options and indicative pricing rather than estimates.
- A response within one business day
- Compared across banks and specialist lenders
- No obligation and no cost to compare