Repayment calculations, offset and extra repayment examples, a refinance break-even worked example and checklists for choosing a loan.
Repayments on an Australian home loan follow a standard formula, and once you can run it yourself you can test every decision: monthly or fortnightly, offset or redraw, interest only or principal and interest, a lower rate with a fee or a higher rate without one, refinancing now or staying put.
The guide to calculating home loan repayments is the starting point. The other guides each take one decision and run the numbers: fortnightly versus monthly repayments, offset accounts versus redraw, interest-only periods, extra repayments, a rate-rise stress test, a full refinance break-even example and a checklist for comparing loans.
The repayment calculator and the refinance break-even calculator let you plug in your own figures, and the home loan checklist keeps track of what to gather and ask. All worked examples use illustrative rates and assume interest is charged monthly on the outstanding balance; your lender's figures will differ slightly because interest is usually calculated daily.
Repayment Examples and Checklists
Calculate Australian home loan repayments by hand or in a spreadsheet, see how interest and principal split each month, and check the balance you will owe after 5, 10 or 20 years.
Repayment Examples and Checklists
How much interest and time extra repayments save on an Australian home loan, why keeping your repayment after a rate cut works, and when extra repayments are not the best use of cash.
Repayment Examples and Checklists
Why paying half your monthly home loan repayment every fortnight cuts about five years off a 30-year Australian loan, when it does not, and how to set it up with your lender.
Repayment Examples and Checklists
A practical checklist for comparing Australian home loan offers, the documents lenders ask for, the questions that reveal real cost, and a worked comparison of a basic and a package loan.
Repayment Examples and Checklists
How interest-only home loans work in Australia, how much repayments jump when the interest-only period ends, the extra interest over the loan, and when interest only makes sense.
Repayment Examples and Checklists
How an offset account and a redraw facility reduce home loan interest in Australia, why the saving beats a taxed savings account, and when redraw is risky, with worked examples.
Repayment Examples and Checklists
How much Australian home loan repayments rise when rates go up, how RBA cash rate changes flow through to your loan, and a budget stress test you can run before you borrow or fix.
Repayment Examples and Checklists
A full Australian home loan refinance calculation: switching costs, monthly saving, break-even months, the effect of a cashback, break costs and the trap of resetting to 30 years.
