Bond Repayments Calculator
Calculate your monthly mortgage repayments based on property price, deposit, loan term, and interest rate. See how extra payments can help you pay off your bond faster and save on interest.
Understanding Your Bond
Interest Rate
The interest rate shown is based on the current prime lending rate. Your actual rate may differ based on your credit profile and the bank's assessment. It's important to shop around - even a 0.5% reduction can save you tens of thousands over the loan term.
Deposit Benefits
A larger deposit reduces your loan amount and monthly payments. Some banks offer better interest rates for deposits of 10% or more. While 100% bonds are available, having a deposit strengthens your application.
Extra Payments
Making extra payments directly reduces your principal, which means less interest over the life of the loan. Even small regular additions can save years off your bond and significant amounts in interest.
Loan Term
A shorter loan term means higher monthly payments but significantly less interest paid overall. A longer term offers lower monthly payments but costs more in total. Find the balance that fits your budget.
Disclaimer: This calculator provides estimates for illustrative purposes only and should not be considered financial advice. Actual loan terms, interest rates, and monthly payments may vary based on individual circumstances, lender policies, and market conditions. Please consult with a qualified financial advisor or mortgage specialist before making any financial decisions.
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