Mortgage repayment calculator
What will your home loan repayments be?
A mortgage repayment calculator shows what you will pay on a home loan based on the amount you borrow, your interest rate and your loan term. Enter your numbers below to see indicative weekly, fortnightly and monthly repayments and the total interest over the life of the loan, then talk to a Perth broker for a real rate.
Indicative only. Not credit assistance. The default rate is indicative and not a quote. Fortnightly and weekly figures are display-only conversions of the monthly repayment. Confirm your actual rate and repayment with a CLS broker.
How it works
How are mortgage repayments calculated?
Mortgage repayments are worked out from your loan amount, interest rate and loan term using the standard amortising formula. Each repayment covers the interest for that period plus a slice of the principal. Early in the loan most of each repayment is interest, and over time more of it pays down what you owe.
| Frequency | What you pay | Effect |
|---|---|---|
| Monthly | 12 repayments a year | The standard baseline. |
| Fortnightly | Half the monthly amount, 26 times a year | Equals 13 monthly repayments a year, so the loan clears faster. |
| Weekly | A quarter of the monthly amount, 52 times a year | Similar effect to fortnightly, smoother on a weekly pay cycle. |
Straight answer
How does a Perth mortgage broker get paid?
The lender pays the broker a commission when your loan settles, so most clients pay Central Lending Solutions no fee. We are bound by the Best Interests Duty, in force since 1 January 2021, which legally requires us to act in your interest. That means we hunt for the sharpest repayment we can across more than 30 lenders.
Common questions
Repayment calculator FAQs.
How are mortgage repayments calculated?
Mortgage repayments are calculated from your loan amount, your interest rate and your loan term using the standard amortising formula. Each repayment covers the interest for the period plus a portion of the principal. Early on, more of each repayment is interest, and over time more goes to principal.
Do fortnightly repayments save money?
Often yes. If you pay half the monthly amount every fortnight you make the equivalent of 13 monthly repayments a year instead of 12, which pays the loan down faster and cuts total interest. This calculator shows display-only fortnightly and weekly conversions of the monthly figure.
What interest rate should I use in the calculator?
Use a rate close to current home loan rates as a guide. The default rate here is indicative only and not a quote. A Perth broker can give you the actual rates available to you across more than 30 lenders, which is the figure that matters for your real repayments.
Is this repayment figure a loan offer?
No. The result is indicative only and does not constitute credit assistance or a quote. Your real repayment depends on the rate, fees and loan structure a lender approves. Book a free chat with Central Lending Solutions to confirm your actual numbers.
Here to help
Get your real repayment from a Perth broker.
Book a free chat with a named Perth broker. We will check your actual rate and repayment across more than 30 lenders. Most clients pay no fee.
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