Home loan repayments
How Long to Repay Calculator
Choose a repayment you can afford and see how long the loan will take to clear and what it will cost.
$
% p.a.
$
Repayment frequency
Time to repay
19 years, 10 months
Paying $3,000.00 each month.
- Total interest
- $311,360.81
- Total repayments
- $711,360.81
Your balance over time
Show the figures as a tableHide the table
| Year | Loan balance |
|---|---|
| 0 | $400,000 |
| 1 | $389,697 |
| 2 | $378,703 |
| 3 | $366,974 |
| 4 | $354,458 |
| 5 | $341,105 |
| 6 | $326,857 |
| 7 | $311,655 |
| 8 | $295,436 |
| 9 | $278,129 |
| 10 | $259,664 |
| 11 | $239,962 |
| 12 | $218,941 |
| 13 | $196,511 |
| 14 | $172,580 |
| 15 | $147,046 |
| 16 | $119,802 |
| 17 | $90,733 |
| 18 | $59,718 |
| 19 | $26,625 |
| 20 | $0 |
How this calculator works
- The loan is repaid when your repayments clear the balance. The final repayment may be smaller.
- If the repayment does not cover the interest, the loan will never be repaid.
- Interest compounds at the repayment frequency. A year is 12 months, 26 fortnights or 52 weeks.
- The interest rate stays the same for the whole term.
Results are general estimates only and are not credit, tax or financial advice. They do not take your objectives, financial situation or needs into account. Check the figures with a licensed professional before making a decision.
Related calculators
- Loan Repayment CalculatorAdjust rates and terms to compare different home loans.
- Extra Repayment CalculatorSee the difference additional payments will make on your home loan.
- Lump Sum Repayment CalculatorCalculate how much a lump sum payment on your loan will save you.
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