Home Loan Repayment Calculator
Calculate your home loan repayments
Adjust loan type and rates to see the impact.
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Our Concierge will call you once you've submitted your application to help handle the rest of the process.
*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 apply. A $395 annual package fee applies and is payable from a Bank of Melbourne Complete Freedom transaction account. Before deciding to open a Bank of Melbourne Complete Freedom account, read the Terms & Conditions, and consider if the account’s right for you.
Basic Home Loan Promotional Rate: This offer is only available for new Basic Home Loan applications received from 20/07/2022. 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 This offer may be varied or withdrawn at any time.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.
^^LVR stands for the initial loan to value ratio at loan approval. LVR is the amount of your loan compared to the Bank’s 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.
The output or result of these calculators:
is subject to the assumptions which are subject to change;
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;
does not represent either a quote or pre-qualification for a loan;
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.
The interest rates used in the calculator:
are current, as indicated on our home loan interest rate pages;
are Bank of Melbourne's standard interest rates and include any package or promotional discounts; and
are subject to change.
Not applicable for foreign buyers.