Calculators

How much could my repayments be?

How much could my repayments be?

{{applicantDictionary(tmp.applicants)}} want to borrow

for

years

with a variable interest rate of

% p.a.

with a repayment type of

for

years

Based on the amount you want to borrow, an estimate of your minimum repayments is

${{ data.loans[0].calculators.initial.initialRepaymentByPeriodTotal | number:2}} a

over {{ data.loans[0].loanPeriod.initial }} years

Interest only repayments in the first {{ data.loans[0].loanPeriod.interestOnly }} years

${{ data.loans[0].calculators.initial.initialInterestOnlyRepaymentByPeriodTotal | number:2}} a

and, principal and interest repayments for the remainder of the life of the loan

${{ data.loans[0].calculators.initial.initialRepaymentByPeriodTotal | number:2}} a

Call us on 13 RAMS, thats 13 7267 about your situation to find the best solution for you.

What's the difference between Principal and interest and interest only?

You would save

You would pay an extra

${{data.loans[0].calculators.compare.saving.amount | number:2}}

in interest over the life of the loan

{{ data.loans[0].calculators.initial.initialRepaymentPeriod.label | capitalize }}ly interest only repayments in the first {{ data.loans[0].loanPeriod.interestOnly }} years

$ {{ data.loans[0].calculators.initial.initialInterestOnlyRepaymentByPeriodTotal | number:2}}

{{ data.loans[0].calculators.initial.initialRepaymentPeriod.label | capitalize }}ly Principal and interest repayments for the remainder of the life of the loan {{ data.loans[0].calculators.initial.initialRepaymentPeriod.label | capitalize }}ly principal and interest repayments over {{ data.loans[0].loanPeriod.initial }} years

$ {{ data.loans[0].calculators.initial.initialRepaymentByPeriodTotal | number:2}}

Total payable

${{data.loans[0].calculators.initial.total.payable | number:2}}

Interest - ${{data.loans[0].calculators.initial.total.interest | number:2}}

Principal - ${{data.loans[0].calculators.initial.total.principle | number:2}}

{{ data.loans[0].calculators.initial.initialRepaymentPeriod.label | capitalize }}ly interest only repayments in the first {{ data.loans[0].loanPeriod.interestOnly }} years

$ {{ data.loans[0].calculators.compare.comparisonInterestOnlyRepaymentByPeriodTotal | number:2}}

$ {{ data.loans[0].calculators.compare.comparisonRepaymentByPeriodTotal | number:2}}

Total payable

${{data.loans[0].calculators.compare.total.payable | number:2}}

Interest - ${{data.loans[0].calculators.compare.total.interest | number:2}}

Principal - ${{data.loans[0].calculators.compare.total.principle | number:2}}

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The interest rate that appears when you open the calculator is the current RAMS Essential Home Loan for principal and interest repayments for owner occupiers, as indicated on rams.com.au/all-rates, and is subject to change. When assessing ability to service a loan, we may use an interest rate that is higher than the current interest rate for the loan requested. The output of each calculator is subject to the assumptions provided under each calculator, which are also subject to change. This calculator estimates your monthly principal and interest or interest only loan repayments (but does not include monthly or annual service fees). You can adjust the variables within the calculator. For example, you can see how increasing your repayment amount could impact on the estimated interest payment and loan term. If you change any of the information, including the amount borrowed or the interest rate, you will obtain a different result. These calculations do not constitute an offer of credit or a quote and are only an estimate of what you may be able to borrow based on the accuracy of the information provided. You should not rely on it. The actual amount you can borrow, and the applicable loan repayments, can only be determined once you submit a full application to us and we assess your application using our credit criteria applicable at that time. These estimates are indicative only and actual costs and the amount you could borrow may vary based on a number of factors including loan purpose and repayment type (principal and interest or interest only). Before acting on the results of this calculator you should seek professional advice and contact your local RAMS Home Loan Specialist.