Estimated repayment
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This calculator gives a general estimate only. It does not take your personal circumstances, lender fees, or changes in interest rates into account, and it is not a quote or an offer of credit. Speak with a MAXLEND broker before making any financial decision.
How to use the repayment calculator
Enter the amount you expect to borrow, an interest rate and the length of the loan. The calculator estimates the regular repayment and the total interest you would pay if that rate stayed the same for the whole term.
Reading the result
Try a few different rates. Interest rates move over the life of a loan, so it is worth seeing how your repayments would change if the rate were higher than it is today. Shortening the term raises each repayment but reduces the interest paid overall; lengthening it does the opposite.
What the calculator leaves out
The estimate does not include fees, lenders mortgage insurance or changes in interest rates, and it is not a quote or an offer of credit. Lenders also apply their own assessment before approving a loan. To see how extra payments would change the picture, use the extra repayment calculator, or talk to a broker for figures based on your situation.
Want figures based on your situation?
A broker can give you a clearer picture than any calculator.