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.
Can't talk right now? You can book a suitable time directly into our calendar
To schedule a FREE 30-minute strategy call, just click "Book Now" to book a time.
Loan Repayment Calculator
Calculate your repayments based on your loan amount and interest rate.
Extra Repayment Calculator
Estimate the time and interest you can save with regular additional repayments.
Lump Sum Calculator
Estimate the time and interest you can save if you make a lump sum repayment.
How Long To Repay Calculator
Find out how long it would take to repay a loan by paying different amounts.
Home Loan Offset Calculator
Estimate the interest & time you can save with a Home Loan Offset Account.
Property Buying Cost Calculator
This calculator helps you estimate all the costs associated with buying a property.
Saving Goal How Long To Save Calculator
This calculator helps find how long it will take to reach a saving goal.
Borrowing Capacity Calculator
Estimate of how much money you can borrow from a lender.
Fortnightly Repayment Calculator
Calculate how much interest/time can be saved by making fortnightly payments.
Stamp Duty Calculator
Estimate the state charges associated with purchasing a property.
Switching Lenders Calculator
Determine whether switching to a new lender is the right option for you.
Income Annualisation Calculator
Determine annual income from the income year accrued year to date figure.
Property Selling Cost Calculator
This calculator helps you estimate all the costs associated with selling a property.
Saving Goal How Much To Save Calculator
This calculator helps find how much you need to save to reach a saving goal.
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 of your borrowing limit, we use each lender's serviceability calculator to confirm the amount you can borrow is for each lender.
For more information contact Your Home Loan Consultant on 0401 388 153
Can't talk Right Now!
Schedule a time directly into our calendar at a time that suits you.
Contact us today or book a time for us to call you!
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.