Home loan repayments calculator.
Quickly and easily calculate some of the basic math behind some of your biggest financial decisions. This home loan repayment calculator helps you visualise what taking on a new home loan might look like - try some different scenarios to see how repayments can fit into your budget.
Frequently asked questions
You need to have at least 5% genuine savings plus enough funds to cover fees and charges.
Where you have less than a 20% deposit, lenders mortgage insurance (LMI) or, if you are eligible, a Home Guarantee Scheme will be required. Speak to a lender to find out more.
Redraw is available on our range of variable interest rate home loans.
The loan-to-value ratio (LVR) in relation to home loans is the amount of the loan expressed as a percentage of the value of the property being purchased or refinanced.
Each Defence Bank home loan product has a maximum LVR.
The LVR is expressed as a percentage. It is determined by dividing the amount of the loan by the property value with the answer then multiplied by 100%.
As a formula, LVR is expressed as follows:
Where the LVR exceeds 80% lenders mortgage insurance (LMI) or, if you are eligible, a guarantee under the Home Guarantee Scheme will be required. It’s best to talk to a lender to find out more.
The Defence Home Ownership Assistance Scheme (DHOAS) assists current and former Australian Defence Force (ADF) members and their families to achieve homeownership.
DHOAS is administered by the Department of Veterans' Affairs (DVA) on behalf of the Department of Defence.
DHOAS provides eligible current and former serving members of the Permanent Force and the Reserves with a subsidy on the interest of their home loans.
The subsidy is paid monthly, directly into a DHOAS home loan. The amount of subsidy you receive depends on your subsidy tier level and the balance of your home loan up to your subsidised loan limit.
To learn more about Defence Bank DHOAS home loans click here.
To find out more about DHOAS and your eligibility click here.
