Frequently Asked Questions

Your repayment is based on the loan amount, interest rate, term, and repayment frequency. This calculator uses a standard principal and interest formula.

It shows the cumulative interest you would pay over the life of the loan, assuming you make all repayments as scheduled and the interest rate remains constant.

Only if you manually include a loan fee in the field provided. Otherwise, government fees, lender charges, and ongoing account fees are not included.

The loan balance (blue) shows how much principal you still owe over time. The total payment line (grey) shows the cumulative amount you’ve paid, including interest.

Yes. This calculator allows you to compare different repayment frequencies. Keep in mind, more frequent repayments can slightly reduce interest over time.

No. This calculator is based on principal and interest repayments. Interest-only loans have a different structure and will show different results.

It assumes the interest rate doesn’t change, payments are made on time, and there are no redraws, offsets, or extra repayments applied.

Yes, as a general guide. However, you should speak with a broker to compare actual offers, as lender fees, features, and rate types can affect outcomes significantly.