Home Loan Fortnightly/Weekly Repayment Calculator
For fortnightly and weekly repayments, there are different methods to calculate repayments.
Among them, two are most popular:
(1) Actuarial Method which calculates the minimum repayments such that the loan can be paid off at the end of the term, not sooner and not later.
(2) Half Monthly Repayment Method which calculates fortnightly and weekly repayments simply by dividing the monthly repayment by two and four respectively.
In method two, the fortnightly or weekly repayment will be higher than the actuarial method, which in effect, results in the borrower making extra repayments over the same 12 month period.
The borrowers will repay the loan sooner and also save some interest.
This calculator can help borrowers find how much interest and time can be saved if they make 1/2 or 1/4 of monthly repayments every two weeks or one week.
For a full review of lender options that may suit your requirements, give us a call on 0401 388 153.
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Loan Repayment Calculator
See what your regular repayments will be.
Borrowing Capacity Calculator
See what your estimated borrowing limit may be.*
Switching Mortgage Calculator
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Stamp Duty Calculator
Find out how much stamp duty you’ll have to pay to purchase a home.
Fortnightly Repayment Calculator
Find how much interest and time can be saved
Home Loan Offset Calculator
See how much you can save with an offset account
Lump Sum Payment Calculator
Calculate how much a lump sum payment will save you.
Extra Payment Calculator
See the difference additional payments will make on your home loan.
Property Selling Cost Calculator
Find out how much it will cost to sell your property.
Property Purchase Cost Calculator
See what the cost you have to pay on top of the purchase price.
How Long To Repay Calculator
See how long it will take to pay off your mortgage.
Income Annualisation Calculator
Calculate your annual income based on your YTD income.
How Long To Save Calculator
See how much you can grow your savings.
How Much To Save Calculator
See how much you need to save to reach your goal in a given time.
The results from each calculator should be used as an indication only, for more detailed information we recommend that you contact Your Home Loan Consultant on 0401 388 153.
*Your Borrowing capacity can vary from lender to lender, so to get an accurate assessment we use the each lenders calculator to confirm what the amount you can borrow from each lender.
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The total amount of government fees and charges is an estimate only based on the information entered. Stamp duty concessions may be available depending upon your circumstances. The information contained in this website is of a general nature only and does not take into account your personal needs and requirements. The figures shown in the calculators do not constitute financial advice. Lender policy, terms and conditions, fees and charges may apply. Other fees and charges such as repairs to the property, renovations, hiring a removalist and council / water rates adjustments may be applicable. You should discuss any associated cost of buying a property with your conveyancer.