How much will your home loan really cost you?

Our easy home loan calculator does the math for you, so you can focus on repayments.

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Richard Whitten

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Finder Score Interest Rate p.a. Comparison Rate p.a. Fees Custom Badges Monthly Payment
Finder score
9.6 Excellent
Interest Rate
5.19%
Comparison Rate
5.10%
Fees
  • Application: $0
  • Ongoing: $0 p.a.
Principal & Interest20% min. equityOwner-occupierNo LMI
Monthly Payment
$2,746
per month
This loan comes with no application fee, no ongoing fees and no exit fees. The best news? Borrowers get a 0.01% rate discount for every year they hold the loan.
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Finder score
9.1 Excellent
Interest Rate
5.29%
Comparison Rate
5.32%
Fees
  • Application: $449
  • Ongoing: $0 p.a.
Principal & Interest20% min. equityOwner-occupierCashbackNo LMI
Monthly Payment
$2,777
per month
Cashback: Eligible borrowers can get up to $4,000 cashback when buying or refinancing with IMB. Loan value criteria applies. T&Cs apply.
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Finder score
8.9 Great
Interest Rate
5.48%
Comparison Rate
5.54%
Fees
  • Application: $345
  • Ongoing: $0 p.a.
Principal & Interest20% min. equityOwner-occupierPointsNo LMI
Monthly Payment
$2,836
per month
Points: Earn Qantas Points in your first year and 0.05% rate discount at time of loan approval for loans $700k+. Plus 100k points every year after. Submit before 11 Dec 2025 and settle by 11 Jun 2026. T&Cs apply.
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G&C Mutual Bank logo
Finder score
9.9 Excellent
G&C Mutual Bank First Home Buyer
Finder score
9.9 Excellent
Interest Rate
4.99%
Comparison Rate
5.04%
Fees
  • Application: $0
  • Ongoing: $0 p.a.
Principal & Interest5% min. equityOwner-occupierOffset accountLMI
Monthly Payment
$2,685
per month
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Suncorp Bank logo
Finder score
9.9 Excellent
Suncorp Bank Home Package Plus Fixed
Finder score
9.9 Excellent
Interest Rate
5.09%
Comparison Rate
5.79%
Fees
  • Application: $0
  • Ongoing: $0 p.a.
Principal & Interest 2Y Fixed20% min. equityOwner-occupierNo LMI
Monthly Payment
$2,715
per month
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Unloan logo
Finder score
9.8 Excellent
Unloan Variable Home Loan
Finder score
9.8 Excellent
Interest Rate
5.39%
Comparison Rate
5.30%
Fees
  • Application: $0
  • Ongoing: $0 p.a.
Principal & Interest20% min. equityInvestmentNo LMI
Monthly Payment
$2,808
per month
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Unloan logo
Finder score
9.6 Excellent
Unloan Variable Home Loan
Finder Award
Finder score
9.6 Excellent
Interest Rate
5.19%
Comparison Rate
5.10%
Fees
  • Application: $0
  • Ongoing: $0 p.a.
Principal & Interest20% min. equityOwner-occupierNo LMI
Monthly Payment
$2,746
per month
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Macquarie Bank logo
Finder score
9.6 Excellent
Macquarie Bank Offset Home Loan Package
Most Loved
Finder score
9.6 Excellent
Interest Rate
5.44%
Comparison Rate
5.70%
Fees
  • Application: $0
  • Ongoing: $248 p.a.
Principal & Interest40% min. equityInvestmentOffset account
Monthly Payment
$2,824
per month
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G&C Mutual Bank logo
Finder score
9.6 Excellent
G&C Mutual Bank Momentum Home Loan
Finder score
9.6 Excellent
Interest Rate
5.24%
Comparison Rate
5.29%
Fees
  • Application: $0
  • Ongoing: $0 p.a.
Principal & Interest40% min. equityOwner-occupierOffset account
Monthly Payment
$2,762
per month
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Macquarie Bank logo
Finder score
9.6 Excellent
Macquarie Bank Offset Home Loan Package
Finder score
9.6 Excellent
Interest Rate
5.49%
Comparison Rate
5.75%
Fees
  • Application: $0
  • Ongoing: $248 p.a.
Principal & Interest30% min. equityInvestmentOffset account
Monthly Payment
$2,839
per month
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Macquarie Bank logo
Finder score
9.5 Excellent
Macquarie Bank Offset Home Loan Package
Finder score
9.5 Excellent
Interest Rate
5.54%
Comparison Rate
5.79%
Fees
  • Application: $0
  • Ongoing: $248 p.a.
Principal & Interest20% min. equityInvestmentOffset accountNo LMI
Monthly Payment
$2,855
per month
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loans.com.au logo
Finder score
9.5 Excellent
loans.com.au Variable Home Loan
Finder score
9.5 Excellent
Interest Rate
5.59%
Comparison Rate
5.63%
Fees
  • Application: $0
  • Ongoing: $0 p.a.
Principal & Interest10% min. equityInvestmentOffset accountLMI
Monthly Payment
$2,871
per month
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loans.com.au logo
Finder score
9.5 Excellent
loans.com.au Variable Home Loan
Finder score
9.5 Excellent
Interest Rate
5.29%
Comparison Rate
5.33%
Fees
  • Application: $0
  • Ongoing: $0 p.a.
Principal & Interest10% min. equityOwner-occupierOffset accountLMI
Monthly Payment
$2,777
per month
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Macquarie Bank logo
Finder score
9.4 Excellent
Macquarie Bank Offset Home Loan Package
Finder score
9.4 Excellent
Interest Rate
5.34%
Comparison Rate
5.60%
Fees
  • Application: $0
  • Ongoing: $248 p.a.
Principal & Interest40% min. equityOwner-occupierOffset account
Monthly Payment
$2,793
per month
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Macquarie Bank logo
Finder score
9.4 Excellent
Macquarie Bank Offset Home Loan Package
Finder score
9.4 Excellent
Interest Rate
5.34%
Comparison Rate
5.60%
Fees
  • Application: $0
  • Ongoing: $248 p.a.
Principal & Interest30% min. equityOwner-occupierOffset account
Monthly Payment
$2,793
per month
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Newcastle Permanent logo
Finder score
9.3 Excellent
Newcastle Permanent Real Deal Home Loan
Finder score
9.3 Excellent
Interest Rate
5.44%
Comparison Rate
5.48%
Fees
  • Application: $595
  • Ongoing: $0 p.a.
Principal & Interest20% min. equityInvestmentCashbackNo LMI
Monthly Payment
$2,824
per month
Cashback: Eligible purchasers and refinancers can get $2,000 or $3,000 depending on loan value, as long as LVR is 80% or lower. T&Cs apply.
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Macquarie Bank logo
Finder score
9.3 Excellent
Macquarie Bank Offset Home Loan Package
Finder score
9.3 Excellent
Interest Rate
5.39%
Comparison Rate
5.65%
Fees
  • Application: $0
  • Ongoing: $248 p.a.
Principal & Interest20% min. equityOwner-occupierOffset accountNo LMI
Monthly Payment
$2,808
per month
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Ubank logo
Finder score
9.3 Excellent
Ubank Flex Variable Home Loan
Finder score
9.3 Excellent
Interest Rate
5.39%
Comparison Rate
5.64%
Fees
  • Application: $250
  • Ongoing: $250 p.a.
Principal & Interest40% min. equityOwner-occupierOffset account
Monthly Payment
$2,808
per month
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Compare product selection
Ubank logo
Finder score
9.3 Excellent
Ubank Flex Variable Home Loan
Finder score
9.3 Excellent
Interest Rate
5.39%
Comparison Rate
5.64%
Fees
  • Application: $250
  • Ongoing: $250 p.a.
Principal & Interest30% min. equityOwner-occupierOffset account
Monthly Payment
$2,808
per month
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Compare product selection
First Option Bank logo
Finder score
9.3 Excellent
First Option Bank The Complete Package Home Loan
Finder score
9.3 Excellent
Interest Rate
5.39%
Comparison Rate
5.75%
Fees
  • Application: $0
  • Ongoing: $375 p.a.
Principal & Interest40% min. equityOwner-occupierOffset account
Monthly Payment
$2,808
per month
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Compare product selection
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You can use the calculator table below to figure out what your repayment would be across products from some of the best lenders in Australia.

Your home loan details

Loan amount
$
Term
Repayment type
Interest rate
%
Interest only period
Payment frequency
Extra monthly repayments
$

Overview of your loan

Once the interest only period ends, your estimated repayments will be
(including extra )
Total loan repayments:
Total interest payable:
Compare home loans
By making extra monthly repayments of
Your loan term could reduce by:
You could pay less interest, saving:
see as a table
Years remaining Principal remaining
Calculator Assumptions: The above calculations are worked out assuming you’re paying off a principal and interest or interest only home loan where the interest rate remains the same over the life of the loan. The repayment amounts do not take into account any additional fees or charges that may be charged to your loan (e.g. application fees or lenders' mortgage insurance premiums).
Disclaimer: Whilst every effort has been made to ensure the accuracy of this calculator, the results should be used as indication only. They are neither a quote nor a pre-qualification for a loan.
Richard Whitten's headshot
Senior Money Editor

Richard Whitten is Finder’s Senior Money Editor, with over eight years of experience in home loans, property, credit cards and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard started his career in education and textbook publishing in South Korea. He holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communications from Deakin University. See full bio

Richard's expertise
Richard has written 677 Finder guides across topics including:
  • Home loans
  • Credit cards
  • Personal finance
  • Money-saving tips
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4 Responses

    Default Gravatar
    AmaDanMay 2, 2025

    We have $500,000 due to an inheritance. We would like to buy a home for around $850,000. We owned a home many years ago but sold and have been renting since, so we are not eligible for first home buyers. What are our options?

      Sarah Megginson's headshotFinder
      SarahMay 6, 2025Finder

      Hi Ama,

      You may be eligible for first home buyer benefits, depending on when you owned your previous property. Eligibility for the First Home Guarantee state: Applicants can be either first home buyers or previous homeowners who haven’t owned a property in Australia in the ten years prior to the date they execute their home loan. It may be worth working with a mortgage broker to explore your options, as the loan you’re eligible for will depend on your income. Hope this helps!

    Default Gravatar
    johnApril 13, 2025

    my daughter has 50000 for a deposit on first home approx 380000
    is this enough to get a loan?

      Richard Whitten's headshotFinder
      RichardApril 14, 2025Finder

      Hi John,

      That’s about 13% of the purchase price as a deposit. While 20% is the standard size, many lenders are happy to give home loans to borrowers with 10% or even 5% deposits.

      However, there are many other costs that come with the purchase. When the deposit is under 20% there’s also lender’s mortgage insurance (a one-off premium) and stamp duty. Although first home buyers may get discounts or exemptions there.

      So it’s certainly possible. But keep in mind there are other costs too, and each lender still has to make its own decision based on your daughter’s financial position (income, spending, existing debts and so on).

      I hope this helps.

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