Moneysmart Mortgage Calculator review

Reviewed by iTechGuides Editors · Editorial team · Updated Nov 2026

Moneysmart Mortgage Calculator is a free web tool from the Australian Securities and Investments Commission (ASIC), a Federal Government website. It is aimed at Australians exploring principal-and-interest home-loan repayments, potential borrowing capacity and ways to repay sooner. The calculator can help with early-stage comparisons, but its estimates are not a personal assessment and do not establish whether a lender will approve a loan.

Its useful range is focused on repayment exploration. Users can examine the effect of higher or lower interest rates and choose weekly, fortnightly, monthly, quarterly or annual repayment frequencies. It also supports exploring ways to pay a home loan off sooner. These options make it relevant to people comparing repayment scenarios, rather than only looking for a single monthly estimate. The interest-rate assumption matters: the calculator states that rates do not change over the loan term, so changing the rate is a way to compare scenarios, not a projection of future rate movements.

There is no charge to use the web calculator, which suits solo borrowers who want an accessible starting point before seeking tailored guidance. Its boundaries are important: outputs depend on the information entered, do not account for personal circumstances, and are not a guarantee of eligibility. Choose it for basic repayment, borrowing and early-repayment exploration; consider another resource or professional advice if you need a personalized borrowing assessment, eligibility decision or a model that accounts for changing rates over the loan term.

Moneysmart Mortgage Calculator pros and cons

• Where it wins
  • Estimates principal-and-interest repayments and borrowing capacity
  • Shows how higher or lower rates affect estimated repayments
  • Supports weekly, fortnightly, monthly, quarterly or annual repayments
• Where it doesn't
  • Results are estimates and do not assess personal circumstances
  • Does not guarantee loan eligibility
  • Assumes rates do not change over the loan term

Moneysmart Mortgage Calculator fact sheet, pricing and score →

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Last updated 14 Nov 2026 · How we research and update