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Repaying Loans

The length of your repayment term will depend on your repayment amount. If you want to see how long it will take to pay off your loan, try altering the repayment amount. This tool clearly shows what a difference altering the amount can make.

Simply enter in your Loan Amount, Interest Rate, Repayment Amount and Repayment Frequency, and our calculator will be able to tell you how long your loan term will be, the total amount of interest you will pay and your total payments once the loan repayment term has come to an end.

It is important to note that our Repaying Loans Calculator is only intended to help you simplify your home loan decisions by giving you an estimate of your repayments. These numbers are only provided as a guide and should not be considered as a tender.

Reduce your loan term with extra repayments

Discover how extra repayments can reduce your loan term and interest costs with our easy-to-use extra repayments calculator.

The MyChoice Home Loans difference

  • One experienced person will look after you throughout your journey
  • Use relationships and connections to negotiate better outcomes for you
  • Have access to custom designed construction loans just for you
  • Have access to in-house loan approvals for your construction loan
  • Can settle your construction loan and acquire consent from the lender to build
  • Look after you once your loan has settled
  • Make the process faster, so you can start building sooner

Borrowing Power

With this incredible tool, you can find out how much you can possibly borrow for a new home based on your current salary and existing commitments.

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Budget Planner

When you’re buying a new home, budgeting is essential to being able to afford your loan payments. This tool asks for your annual income and expenses in order to help you better understand your financial position.

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Extra Repayments

Shortening the length of your loan term by making additional repayments over and above your current repayments can provide significant interest savings. Calculate your savings with our extra repayments tool.

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Loan Comparison

Understand the difference between two current home loans on the market. Make a direct comparison to determine which delivers the best value over the term of the loan.

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Loan Repayments

Get an easy way to calculate what your minimum weekly, fortnightly or monthly loan repayment would be on your borrowed amount.

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Lump Sum

If you're looking for a way to save significant amounts of money on interest as well as shorten your loan repayment period, use this calculator. Find out how much you can save by making a one-off lump sum repayment on top of your current repayments.

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Savings

Thinking about your financial future? Set a savings goal. This tool can project how much you can accumulate over time with an initial amount and ongoing contributions.

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Stamp Duty

Stamp duty varies from state to state. Use this state specific calculator to see how much stamp duty will be payable on the purchase of your new home or land.

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