Calculate loan repayments
Home loan repayment calculator
Estimate your repayments and see how much you could save.
Variable
Tiimely own
Owner-occupied • Principal & interest
5.99%p.a.Interest rate
6.00%p.a.Comparison rate
Your estimated repayments would be
$2,875/month
Total loan repayments
$1,034,913
Total interest charged
$554,913
These estimates are for our Tiimely Own home loan. Just a note, if you choose a home loan with one of our panel of lenders, your savings may vary based on your specific home loan.
Variable
Tiimely own
Owner-occupied • Principal & interest
5.99%p.a.Interest rate
6.00%p.a.Comparison rate
- No hidden fees
- Free online redraw on any additional repayments
- Offset account optional for $10/month
- Fast approval with Tiimely Turnaround™
- Only 10% deposit required
- Unlimited additional repayments
- Up to 30 years loan term
Please note if you add an offset account, your comparison rate will change.
Fixed 2 years
Tiimely own
Owner-occupied • Principal & interest
5.74%p.a.Interest rate
5.99%p.a.Comparison rate
- Offset account optional for $10/month
- 6.04% roll-to rate after 2 years
- Fast approval with Tiimely Turnaround™
- No hidden fees
- Free online redraw on any additional repayments
- $20,000 additional repayments limit per year
- Only 10% deposit required
- Up to 30 years loan term
Please note if you add an offset account, your comparison rate will change.
Variable
Tiimely own
Investment • Principal & interest
6.29%p.a.Interest rate
6.29%p.a.Comparison rate
- No hidden fees
- Free online redraw on any additional repayments
- Offset account optional for $10/month
- Fast approval with Tiimely Turnaround™
- Only 10% deposit required
- Unlimited additional repayments
- Up to 30 years loan term
Please note if you add an offset account, your comparison rate will change.
Fixed 2 years
Tiimely own
Investment • Principal & interest
5.94%p.a.Interest rate
6.23%p.a.Comparison rate
- Offset account optional for $10/month
- 6.29% roll-to rate after 2 years
- Fast approval with Tiimely Turnaround™
- No hidden fees
- Free online redraw on any additional repayments
- $20,000 additional repayments limit per year
- Only 10% deposit required
- Up to 30 years loan term
Please note if you add an offset account, your comparison rate will change.
Hungry for more numbers?
We have more calculators
Borrowing calculator
Get an upfront estimate of your borrowing power.
Stamp duty calculator
Understand the upfront costs involved with buying a home.
Refinance calculator
Not sure how your rates stack up? Find out how much you could save by refinancing.
Local experts
Talk to a local home loan expert
We pride ourselves on our service. 90% of customer calls are answered within 20 seconds by our Australian-based team.
Real customers, real savings
See what satisfied Tiimely Home customers (formerly Tic:Toc) say about us on Trustpilot.com
Frequently asked questions
Save time with an instant answer
How do you calculate home loan repayments?
Explained simply, to calculate loan repayments, we take your loan amount, add the total estimated amount of interest we’ll charge over the life of the loan, and then divide that total into a monthly amount based on the length of your loan term.
How we calculate weekly and fortnight repayments
We calculate weekly and fortnightly repayments a little differently. For example, for fortnightly repayments, instead of multiplying monthly repayments by 12 and dividing by 26, we simply divide your monthly repayment amount by 2.
The fortnightly repayment amount is rounded up to the nearest dollar. This calculation method ensures you pay the full monthly figure over 2 fortnights. Over time, this means you'll pay off your loan faster with less interest than if the repayments were calculated by annualising the monthly figure.
For fixed and interest-only loans
For fixed or interest-only loan — or a fixed interest only loan — this will need to be considered as your repayments will change when the fixed and/or interest-only period ends.
How does a home loan repayment calculator work?
A home loan repayment calculator takes multiple variables into account before coming to a final estimated repayment dollar amount represented on a monthly basis.
The calculator will ask the user to enter information about their loan amount, their loan term, the intended property usage (live-in or investment), rate type (variable or fixed) and repayment type (principal and interest or interest only).
After calculating, the user will be able to see their estimated repayment amount as well as their total loan repayments and the total interest charged over the life of the loan.
Will making extra loan repayments help pay off the loan earlier?
Yes. Making additional repayments can reduce the overall time it takes to repay your home loan.
Tiimely Own home loans allow unlimited additional repayments on all variable home loans, and up to $20,000 of additional repayments per year on all fixed home loans, to help you pay your loan off quicker.
How do you calculate principal and interest repayments?
The same way we calculate the repayments for any type of home loan.
Explained simply, to calculate loan repayments, we take your loan amount, add the total estimated amount of interest we’ll charge over the life of the loan, and then divide that total into a monthly amount based on the length of your loan term.
How we calculate weekly and fortnight repayments
We calculate weekly and fortnightly repayments a little differently. For example, for fortnightly repayments, instead of multiplying monthly repayments by 12 and dividing by 26, we simply divide your monthly repayment amount by 2.
The fortnightly repayment amount is rounded up to the nearest dollar. This calculation method ensures you pay the full monthly figure over 2 fortnights. Over time, this means you'll pay off your loan faster with less interest than if the repayments were calculated by annualising the monthly figure.
How our home loan repayment calculator works
How do I use a home loan repayment calculator?
Calculate loan repayments with this home loan repayment calculator. It’s simple to use. Type in your current or potential loan amount, and enter the current or potential loan term. Select your loan purpose (live-in or investment), your rate type (variable or fixed) and your repayment type (principal and interest or interest only) and let the home loan payment calculator do the rest. We’ll show you the most appropriate Tiimely Own products based on your selection criteria, as well as your estimated home loan repayments. You can also use this as a home loan interest calculator — we’ll show you the total interest charged over the life of your loan, as well as the total repayments you’ll make over the life of the loan.
What are we calculating?
This home loan repayment calculator/mortgage repayment calculator is a guide only, and gives you an estimate of what your repayments will be with Tiimely home, based on the loan amount and loan term you entered, our current home loan interest rates and the loan variables you choose. You’ll still need at least a 10% deposit (and for deposits below 20% Lender’s Mortgage Insurance (LMI) is applicable). The maximum term of interest-only loans is 25 years. You’ll get a real assessment when you begin an application, and enter the specifics of the property, your loan type, personal details and your financials. This is not credit approval. Find out more about our eligibility criteria here.