Mortgage Repayment Calculator

We have created this mortgage repayment calculator for you to work out how much your repayments will be for your home loan.

This mortgage repayment calculator will work out the minimum repayments assuming interest rates don’t change. We all know interest rates do change so we recommend that you see what happens to your repayments if interest rates go up.  At Orange Mortgage and Finance Brokers, to make sure you will be able to afford the home loan when interest rates go up, we do our servicing calculations assuming interest rates are 8.10%. This is about double where interest rates are at the moment but it wasn’t that long ago that interest rates were about 8.10% (circa 2006-2008). For a period of time in 2007, my personal interest rate on my home loan was 9.75%. I don’t think we’ll see 9.75% mortgage rates for a while yet but we could definitely see 6-7% interest rates in the next 3-5 years.

At Orange Mortgage and Finance Brokers our goal is for you to pay off your primary residence as quickly as possible. A number of ways to save interest costs and years off your home loan is:

      1. Use an offset account linked to your home loan. We have created an offset calculator (click link) to see how much you can save with even a small amount of savings in the offset account.
      2. Make extra repayments in to your home loan. We have created an extra repayment calculator (click link) to see how much you can save with even a small amount of extra repayments in to your home loan.

Use the mortgage repayment calculator below to see what your minimum repayments will be.