Home Loan Repayment Calculator
See how much you may need to pay back each week or month.
Calculate your home loan repayments
Adjust loan type and rates to see the impact.
Other home loan calculators
Mortgage Calculator
Find out how much you may be able to borrow and the potential costs involved in buying a home.
Stamp duty calculator
Work out how much you could pay in stamp duty and other fees.
Principal and Interest Calculator
Estimate repayments and see what portion goes toward interest versus the amount you’ve borrowed.
Articles
What are the costs to refinance?
Refinancing your home loan has the potential to make you some hefty savings, it’s important to weigh up the costs involved.
Why refinance your home loan?
Here’s the rundown on why you might want to refinance your loan and costs involved.
Tools to help you research
Property market research
Discover what you need to know about the property trends in your suburbs or the estimated value of a property you’re looking to buy.
Compare home loans
See at a glance how fees, features and loan purposes differ by product.
Compare interest rates
View and compare all of our current home loan interest rates.
Start your application online
Our Concierge will call you once you've submitted your application to help handle the rest of the process.
The Detail
* Comparison Rate: The comparison rate is based on a loan of $150,000 over a term of 25 years.WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
**Advantage Package Terms and Conditions apply. A $395 annual package fee applies and is payable from an eligible Bank of Melbourne transaction account. An Advantage Package discount has been included in the advertised eligible rate. The discount and fee savings apply for the duration of the package. Before deciding to acquire a Bank of Melbourne transaction account, read the terms and conditions, and consider if the product is right for you.
Basic Home Loan Promotional Rate: This offer is only available for new Basic Home Loan applications received from 24/08/2021. Discount applies to our Basic Home Loan offer for the life of the loan. Excludes internal refinances and switches within the Westpac Group, which includes Westpac, St.George, Bank of Melbourne, BankSA and RAMS. This offer may be varied or withdrawn at any time. Interest rates subject to change.
^ Learn more about Home loan repayment types.
^^LVR stands for the initial loan to value ratio at loan approval. LVR is the amount of your loan compared to the banks valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and don’t change because of changes to the LVR during the life of the loan. Any applicable LVR discount has been included in the advertised eligible rate.
1. The output or result of these calculators:
a. is subject to the assumptions which are subject to change;
b. is prepared without knowing your personal financial circumstances. Before you act on the output of the calculators, please consider if it’s right for you. If you need more information, please call 13 22 66. We recommend that you consult your financial adviser before taking out a loan;
c. does not represent either a quote or pre-qualification for a loan;
d. may not be taken into account if you apply for a loan with us as we will make our own calculations. When assessing ability to service a loan, Bank of Melbourne may use an interest rate that is higher than the current interest rate for the loan requested.
2. The interest rates used in the calculator:
a. are current, as indicated on our home loan interest rate pages;
b. are Bank of Melbourne's standard interest rates and include any package or promotional discounts; and
c. are subject to change.
d. LVR above 60% up to 80%