Bond Calculator
Estimate your monthly bond repayments and plan your property purchase with confidence
Important Disclaimer
This bond calculator is provided for convenience and educational purposes only. The calculated amounts are estimates and should not be considered as an exact indication of the payment that will be made. Actual bond repayments may vary based on the lender's specific terms, fees, and other factors not accounted for in this calculator. We recommend consulting with a financial advisor or mortgage specialist before making any financial decisions.
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Adjust the values and click "Calculate Repayments" to see your results
This calculation is an estimate only
- Excludes property transfer costs and fees
- Assumes a fixed interest rate for the entire term
Frequently Asked Questions
How is a bond repayment calculated?
Bond repayments are calculated using the loan amount, interest rate, and term. The formula accounts for compound interest, ensuring that each payment covers both the interest and a portion of the principal.
How much deposit should I save?
While some banks offer 100% bonds, a deposit of 10-20% is recommended. A larger deposit reduces your loan amount, lowers monthly repayments, and improves your chances of bond approval with favorable interest rates.
What other costs should I budget for?
Beyond the purchase price and bond repayments, budget for transfer duty, attorney fees, bond registration costs, home insurance, moving expenses, and potential renovation costs.
Can I pay more than my monthly repayment?
Yes, making additional payments can significantly reduce your loan term and total interest paid. Even small extra payments can make a big difference over the life of your loan.
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