Home Loan Repayments Calculator

Looking to calculate home loan repayments or see how much you could save by switching to a cheaper loan? Mozo's free calculator helps you instantly compare top home loan rates and monthly repayments.

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    Variable Basic Home Loan

    Owner Occupier, Principal and Interest

    interest rate
    comparison rate
    Initial monthly repayment
    5.53% p.a. variable
    5.57% p.a.

    Compare
    Details
  • Premium 'Special' Fixed Rate Home Loan

    Owner Occupier, Principal & Interest, LVR 80%

    interest rate
    comparison rate
    Initial monthly repayment
    4.99% p.a.
    fixed 3 years
    6.15% p.a.

    A great value 3 year fixed home loan rate with SWSbank for new loans over $800K and up to $2.5M. No application or monthly fees to pay. Free redraw available. Choose from a weekly, fortnightly or monthly repayment schedule. Additional repayments up to $20,000 per year. 20% deposit required. No application fees. Other fees may be applicable. T&Cs apply.

    Compare
    Details
  • Budget Home Loan

    LVR <80%, Owner Occupier, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    5.54% p.a. variable
    5.57% p.a.

    IMB has confirmed they will decrease rates by 0.25% p.a. effective 4 March 2025. Enjoy a discounted variable home loan from IMB. Get up to $4,000 cashback (T&Cs apply). Life-of-loan discount off IMB’s standard variable interest rate. Unrestricted additional repayments. Free Internet and Mobile Banking redraws (T&Cs apply). No monthly fees to pay. Up to a 30 year loan term. Split loan available. No offset account.

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    Details
  • Home Loan

    Owner Occupier, Interest Only, LVR <60%

    interest rate
    comparison rate
    Initial monthly repayment
    5.74% p.a. variable
    5.52% p.a.

    Compare
    Details
  • OMG Home Loan

    Owner Occupier, Principal & Interest, <60% LVR

    interest rate
    comparison rate
    Initial monthly repayment
    5.49% p.a. variable
    5.52% p.a.

    BCU Bank’s OMG owner occupied home loan offers a variety of great low rates depending on your deposit. Save with no ongoing annual fees. Access your extra payments when you need to through the redraw facility. Pre-approval valid for 3 months.

    Compare
    Details
  • Basic Variable Home Loan

    Owner Occupier, LVR <60%

    interest rate
    comparison rate
    Initial monthly repayment
    5.63% p.a. variable
    5.66% p.a.

    P&N has confirmed they will decrease rates by 0.25% p.a. effective 5 March 2025. Competitive interest rate. No ongoing monthly loan maintenance fees. You can redraw your repayments if you’re ahead. Choose to repay weekly, fortnightly, or monthly. Make extra payments without penalty, to pay off your home loan even faster.

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    Details
  • Fixed Home Loan

    Owner Occupier, Principal & Interest, LVR <95%

    interest rate
    comparison rate
    Initial monthly repayment
    5.29% p.a.
    fixed 3 years
    5.69% p.a.

    Get the security of a competitive fixed rate home loan for 2 years with IMB. Get up to $4,000 cashback (T&Cs apply). Up to 12 months repayments in advance without penalties. Free Internet and Mobile Banking redraws (T&Cs apply). Up to a 30 year loan term. Split loan available. No offset account.

    Compare
    Details
  • OMG Home Loan )

    Owner Occupier, Principal & Interest, 60-80% LVR

    interest rate
    comparison rate
    Initial monthly repayment
    5.54% p.a. variable
    5.57% p.a.

    BCU Bank’s OMG owner occupied home loan offers a variety of great low rates depending on your deposit. Save with no ongoing annual fees. Access your extra payments when you need to through the redraw facility. Pre-approval valid for 3 months.

    Compare
    Details
  • Fixed Rate Home Loan

    Owner Occupier, LVR<80%

    interest rate
    comparison rate
    Initial monthly repayment
    5.49% p.a.
    fixed 2 years
    5.76% p.a.

    Get repayment security with fixed rates from one to five years. Free extra repayments of up to $25,000 during the fixed rate period. Fix a portion of your loan and leave the rest variable. Choose to repay weekly, fortnightly, or monthly.

    Compare
    Details
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*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.

Home Loan Resources

Views, news, tips and guides to help find the home loan for you.

Home Loan Reviews

Commonwealth Bank Standard Variable Rate (Wealth Package)
Overall 9/10
An excellent experience with CBA

CBA really works hard to engender a relationship with us as clients. We purchased a new home 12 mths ago and they were excellent at communicating with us throughout the entire process, always heeding our needs and not “pushing” a particular product. Our interest rate was super competitive too. Additionally they seemed genuinely interested in helping us reduce loan interest by suggesting offset accounts. At a time where people can be super cynical about banks being preoccupied with excessive profit margins, we found that CBA were very customer focused. We feel that they really know us and our families needs very well.

Read full review

CBA really works hard to engender a relationship with us as clients. We purchased a new home 12 mths ago and they were excellent at communicating with us throughout the entire process, always heeding our needs and not “pushing” a particular product. Our interest rate was super competitive too. Additionally they seemed genuinely interested in helping us reduce loan interest by suggesting offset accounts. At a time where people can be super cynical about banks being preoccupied with excessive profit margins, we found that CBA were very customer focused. We feel that they really know us and our families needs very well.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
9/10
Trust
10/10
Less
Anthony, Victoria, reviewed 1 day ago
Bankwest Complete Variable Home Loan (Package)
Overall 1/10
High interest

Our interest is absurdly high.

Read full review

Our interest is absurdly high.

Price
1/10
Features
1/10
Customer service
3/10
Convenience
2/10
Trust
2/10
Less
Sekai, New South Wales, reviewed 3 months ago
Commonwealth Bank Home Loan
Overall 9/10
Pretty good bank as banks go

Pretty good, the dropped the home loan rate instantly after the RBA decision, and helped me with concession rates and hardship plans and were 90% of the time thoughtful, compassionate and helpful.

Read full review

Pretty good, the dropped the home loan rate instantly after the RBA decision, and helped me with concession rates and hardship plans and were 90% of the time thoughtful, compassionate and helpful.

Price
2/10
Features
3/10
Customer service
7/10
Convenience
10/10
Trust
8/10
Less
Adriana, Victoria, reviewed 4 months ago

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