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How Long To Repay Calculator

Calculate how long it will take you to repay your home loan.

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Estimate your repayments with our home loan repayment calculator

How long does it take to pay off your home loan? Rateseeker’s calculator helps would-be homebuyers estimate how long it would take to pay off their mortgage. By filling information such as the loan amount, interest rate, repayment terms, and repayment frequency, the calculator will show you the number of years and months it takes until your repayment period ends and your debt is eliminated. By making consistent monthly payments, you’ll be able to pay off their loan within the allotted time provided.


Looking at the costs of buying a home, the idea of monthly, fortnightly, or weekly home mortgage repayments for a long period may seem intimidating. But with the Home Loan Repayment Calculator, you can build a financial strategy to make the home-owning process a little easier. Whether you are looking to buy your very first home or to refinance a home loan, Rateseeker provides free online tools and calculators to give you a good idea of the estimated costs and figures associated with purchasing a property.


A home loan is a major financial commitment. If you’re unsure how to move forward, our mortgage specialists are ready to discuss your options so you can choose the right mortgage for your situation.


Compare loans with our interest-only mortgage payment calculator


A home loan will probably be one of the biggest investments you’ll ever make. With home loan terms in Australia commonly ranging from 25-30 years, Rateseeker is here to provide tips so you can pay off your mortgage as quickly as possible.


One way is to make repayments as often as you can. Using the Home Loan Repayment Calculator you can estimate how long it would take to pay off your loan with consistent scheduled repayments. By making extra repayments, you can reduce the term and cost of your loan, which in turn reduces the borrowed capital more quickly so you pay less interest overall. You can also use our Extra Repayment Calculator to see how much you can save in interest by making additional repayments towards your home loan.


Are you looking for a new home, an investment home or a better mortgage rate? Rateseeker’s mortgage specialists are available to provide you with the best home loan options, set up loan strategy and do all the paperwork necessary so you can enjoy a stress-free mortgage experience.


Contact us today to get started. We’ll get back to you within 24 hours.

One way is to make repayments as often as you can. Using the Home Loan Repayment Calculator you can estimate how long it would take to pay off your loan with consistent scheduled repayments. By making extra repayments, you can reduce the term and cost of your loan, which in turn reduces the borrowed capital more quickly so you pay less interest overall. You can also use our Extra Repayment Calculator to see how much you can save in interest by making additional repayments towards your home loan.


Are you looking for a new home, an investment home or a better mortgage rate? Rateseeker’s mortgage specialists are available to provide you with the best home loan options, set up loan strategy and do all the paperwork necessary so you can enjoy a stress-free mortgage experience. Contact us today to get started. We’ll get back to you within 24 hours.


FAQs about this Calculator

  • How to use the how long to repay calculator?

    Before using the calculator, you will need to have certain information handy for the calculator to work. You will need to provide your loan amount, interest rate, your current repayment amount and your current repayment frequency.

    You can either enter your existing regular loan repayment or how much you can afford to make. This will determine how long you will take to pay off your loan. Here is the information you will need to enter:

    • Loan amount
      The loan amount refers to the amount of money you have borrowed or the outstanding loan balance 
    • Interest rate
      The interest rate which can be either fixed or variable is the interest rate at which you repay the loan after the introductory rate expires 
    • Repayment
      This is referring to the regular repayment you wish to make 
    • Repayment frequency
      Refers to how often you will be making your repayments and is typically either monthly, fortnightly or weekly

    Once you enter all the required fields, the calculator will give you a breakdown on how much of your repayment will go towards interest and how much of it will go toward your principal (the actual loan).

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Any calculations or estimated savings do not constitute an offer of credit or a credit quote and are only an estimate of what you may be able to achieve based on the accuracy of the information provided. It doesn’t take into account any product features or any applicable fees.

*2.19% Interest rate based on an Owners Occupied, Principal and Interest, 3 years fixed period, minimum loan size of $250,000, maximum LVR of 80%, over a 30 year term. Eligibility subject to servicing requirements, contact one of our specialised mortgage brokers for more information.

^3.27% Comparison rate based on a loan of $250,000 over a 30 year term. WARNING: The comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. 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.

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