How long to repay?

Use this mortgage calculator to work out how long to repay your home loan based on your repayments and interest rates.

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Our current interest rates

Lender Product Annual Interest
Rate % p.a.
Comparison
Rate % p.a.
Fixed Rate SP OO HL P&I (2 Year Fixed) 3.64% 4.83%
Fixed Rate SP OO HL P&I (1 Year Fixed) 3.64% 4.95%
Fixed Rate SP OO HL P&I (3 Year Fixed) 3.69% 4.73%
Home Package Plus SP 1 Yr Fixed OO LVR > 80% <= 90% ($150k +) P&I (1 Year Fixed) 3.69% 4.88%
Home Package Plus SP 1 Yr Fixed OO LVR > 80% <= 90% ($150k +) Int Only (1 Year Fixed) 3.69% 4.88%
Lender Product Annual Interest
Rate % p.a.
Comparison
Rate % p.a.
Basic Variable Rate OO LVR <= 70% ($150k +) P&I Only 3.64% 3.66%
Back to Basics SP Home Loan OO <= 90% Int Only 3.68% 3.72%
Back to Basics SP Home Loan OO <= 90% P&I 3.68% 3.72%
Basic Variable Rate OO LVR <= 70% ($150k +) P&I Only 3.69% 3.71%
Offset Package OO LVR <= 70% ($150k +) P&I Only 3.69% 4.12%
Credit criteria, conditions, fees and charges apply. Subject to suitability. The comparison rates in this table are based on a loan amount of $150,000 and a term of 25 years. 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 costs savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.

Our other calculators

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Calculate your borrowing power based on your salary and financial commitments.

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Work out your minimum weekly, fortnightly or monthly home loan repayments.

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Find out the stamp duty payable on your property purchase in your state or territory.

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Compare home loans

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LVR Calculator

Your Loan to Value Ratio (LVR) determines the amount a lender will loan to you.

Calculate LVR

Lump sum payments

How much time and interest can you save by paying a lump sum off your home loan?

Lump sum payments calculator

Split loan repayments

Calculate the potential impact of splitting your home loan into fixed and variable rate portions.

Calculate split loan repayments

Achieve savings target

See how much you need to save weekly, fortnightly or monthly to achieve your target.

Savings calculator

Remaining balance

Use this calculator to work out the remaining balance of your home loan.

Calculate remaining balance

Reverse Mortgage Calculator

Calculate your monthly repayments on a reverse mortgage.

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How long until you’ll be mortgage-free?

You’ve done your research regarding how much you can afford to borrow and what you want to buy, but you want to know how long it will be until you see the light at the end of the tunnel? Purchasing a home is a substantial commitment and our calculator can give you an estimate of how long it will take you to be mortgage-free.

This calculator requires you to input your home loan amount and your repayment frequency - monthly, fortnightly or weekly - to calculate the estimated length of your loan. Keep in mind that the more frequent your repayments, the more interest you are likely to save over the life of your loan. Check out our fortnightly repayments calculator or get in contact with a Mortgage Choice broker to find out how repayment frequency can impact the length of your loan.

Our mortgage brokers will sit down with you to discuss the right loan period for your circumstances and help to evaluate hundreds of loans from a wide choice of lenders to find the option that suits your needs. 

Disclaimer:
The results from these calculators are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.

Borrowing Power:
The borrowing amount is a guide only. Loan repayments are based on the lowest interest rate (either standard variable or 3-year fixed rate, owner occupier) from our lender panel over a repayment period of 30 years. Rates and repayments are indicative only and subject to change. The results from this calculator are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.

Loan Repayments:
The lowest interest rate from our lender panel is either standard variable or 3-year fixed for an owner-occupier. Rates and repayments are indicative only and subject to change. The results from this calculator are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.