Home loan repayments
Introductory Rate Loan Calculator
Check whether a honeymoon rate really saves you money once it reverts to the standard rate.
$
years
Repayment frequency
Rates
% p.a.
years
% p.a.
Monthly repayment, introductory period
$3,516.70
Then $3,780.01 once the rate reverts.
- Total interest with the introductory rate
- $754,483
- Total interest at the revert rate only
- $765,267
- Interest saved by the introductory rate
- $10,784
Your balance over time
- With introductory rate
- Revert rate from day one
Show the figures as a tableHide the table
| Year | With introductory rate | Revert rate from day one |
|---|---|---|
| 0 | $600,000 | $600,000 |
| 1 | $592,338 | $593,294 |
| 2 | $584,221 | $586,138 |
| 3 | $576,612 | $578,503 |
| 4 | $568,492 | $570,357 |
| 5 | $559,829 | $561,666 |
| 6 | $550,586 | $552,392 |
| 7 | $540,723 | $542,497 |
| 8 | $530,200 | $531,940 |
| 9 | $518,973 | $520,676 |
| 10 | $506,993 | $508,657 |
| 11 | $494,211 | $495,833 |
| 12 | $480,574 | $482,150 |
| 13 | $466,022 | $467,551 |
| 14 | $450,497 | $451,975 |
| 15 | $433,931 | $435,355 |
| 16 | $416,256 | $417,622 |
| 17 | $397,397 | $398,701 |
| 18 | $377,276 | $378,514 |
| 19 | $355,807 | $356,974 |
| 20 | $332,899 | $333,992 |
| 21 | $308,458 | $309,470 |
| 22 | $282,380 | $283,307 |
| 23 | $254,555 | $255,391 |
| 24 | $224,867 | $225,605 |
| 25 | $193,191 | $193,825 |
| 26 | $159,393 | $159,916 |
| 27 | $123,332 | $123,737 |
| 28 | $84,856 | $85,134 |
| 29 | $43,803 | $43,946 |
| 30 | $0 | $0 |
How this calculator works
- Repayments during the introductory period are set as if the introductory rate applied for the full term.
- When the introductory period ends, repayments are recalculated at the revert rate over the remaining term.
- Interest compounds at the repayment frequency. A year is 12 months, 26 fortnights or 52 weeks.
Results are general estimates only and are not credit, tax or financial advice. They do not take your objectives, financial situation or needs into account. Check the figures with a licensed professional before making a decision.
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