Weekly Mortgage Repayment Calculator
Convert your mortgage into weekly, fortnightly or monthly repayment figures to see what will actually leave your account each pay cycle.
Your results
Calculation breakdown
- Frequency repayment
- Annuity formula applied with weekly/fortnightly/monthly periods per year
Worked example
A $500,000 loan at 6% over 30 years is about $830 a week, $1,660 a fortnight, or $2,998 a month on a true equivalent basis.
Assumptions
- True weekly/fortnightly figures shown here do not by themselves create extra repayments; paying the monthly amount split into fortnightly instalments does.
How this calculator works
This calculator works out the equivalent repayment amount for weekly, fortnightly and monthly frequencies for the same loan, so you can see the cash flow impact of choosing a different repayment cycle.
Frequently asked questions
Does paying weekly save interest compared with monthly?
Paying the true weekly equivalent does not by itself save interest, but many lenders let you pay the monthly amount divided into 4 as a fortnightly figure, which results in an extra repayment each year and does save interest.
Which frequency should I choose?
Match the repayment frequency to your pay cycle where possible, since it is easier to budget consistently and avoid missed payments.
Does this calculator include fees?
No, it converts the principal and interest repayment only; add any account-keeping fees separately.
Results are estimates only and are not financial, tax, legal or credit advice.