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Home payment loan calculator8/17/2023 If a variable rate loan is selected, the interest rate will be subject to change throughout the term of the loan. Keep in mind that the interest rates in the calculator are subject to change, which can impact on repayment amounts. Estimated repayments are calculated on a monthly basis by default, but you can adjust the frequency to weekly or fortnightly if you’d like to compare the difference. Home loan repayments are influenced by several factors including the loan amount and length of the loan term, the fixed or variable interest rate that applies, whether you’re paying principal and interest or interest-only, and whether or not you intend to live in the property you’re buying.īased on the combination of factors that you select, the loan repayment calculator (or mortgage calculator) will automatically adjust the interest rate per annum and estimate your repayments accordingly.
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