Calculate your borrowing profile or check out our savings calculator to see how long it will take to save for a deposit.
Whether buying a new home, refinancing an existing home loan or investing in property, RAMS mortgage calculators can give you an estimate of what your repayments could be, based on your home loan amount, your loan type and the interest rate you think you'll be paying. Once you get an idea of your mortgage repayments from the calculator, together with the rest of your budget, you'll start to see whether you can realistically afford the home you want to buy. Your local RAMS franchisee can also help guide you through this process. View all of our calculators.
We assume you do not redraw any amount.
We assume the interest rate does not change.
This calculator assumes any lump sum payments are made on the anniversary of your loan settlement date.
We assume the additional contributions are made at the same time and frequency as your regular repayment.
Length of month
All months are assumed to be of equal length. Actual amount of interest charged may vary depending on the number of days in each month.
Number of weeks and fortnights in a year
One year is assumed to be 52 weeks or 26 fortnights, meaning that for the purpose of the calculator a year has 364 days not 365 or 366.
Rounding of repayment amount
Repayment amounts are rounded to the nearest cent. However, the unrounded repayment amount may be used to ascertain the amount of interest payable at the yearly points within the graph and over the term of the loan. The final repayment may be a partial repayment, to reflect a loan balance of zero.
Amount of time saved
The time saved is shown in years and months, regardless of payment frequency and is rounded down.
Amount of Interest Saved
The amount of interest saved is not rounded. This amount is estimated from the amount of time saved.
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