Mortgage Repayment Calculator
Calculate your estimated monthly home loan repayments, total interest, and see how your deposit affects your costs. Perfect for planning your property purchase in Gladstone and Central Queensland.
This calculator provides estimates for informational purposes only. Actual rates and repayments may vary based on your individual circumstances and lender requirements.
Get Personalised Home Loan Advice
Our calculators give estimates, but every situation is unique. Get tailored advice from a local Gladstone mortgage broker.
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How to Use This Calculator
Enter Property Price
Start with the purchase price of the property you're considering. Use the slider for quick adjustments.
Set Your Deposit
Enter the amount you have saved for a deposit. The calculator will show if LMI may apply (deposits under 20%).
Adjust Interest Rate
Use current market rates as a guide. Rates vary by lender - we can help you find the most competitive options.
Choose Loan Term
Select 20, 25, or 30 years. Shorter terms mean higher repayments but less total interest paid.
Frequently Asked Questions
What is LMI and when do I need to pay it?
Lenders Mortgage Insurance (LMI) is typically required when your deposit is less than 20% of the property value. It protects the lender (not you) if you default on the loan. First home buyers may be able to avoid LMI through government schemes like the Family Home Guarantee.
How accurate are these calculations?
This calculator provides estimates based on standard loan calculations. Actual repayments may vary depending on the specific loan product, lender fees, interest rate type (fixed vs variable), and your individual circumstances. We recommend getting a personalised quote for accurate figures.
What interest rate should I use?
Interest rates change frequently and vary between lenders. As a guide, check the current RBA cash rate and add 2-3%. For the most accurate calculations, contact us to find out what rates you may qualify for based on your situation.
Does this include all home loan costs?
This calculator focuses on principal and interest repayments. Additional costs like stamp duty, legal fees, building inspections, and ongoing costs (rates, insurance) are not included. We can help you understand the full picture of your property purchase costs.
Need Help Understanding Your Options?
Our free calculators are a great starting point, but there's no substitute for personalised advice. Book a free consultation with your local Gladstone mortgage broker.