Use our Loan Term Calculator to understand how the length of your mortgage impacts your regular repayments and total interest paid over time. Whether you're deciding between a 15-year or 30-year term, this tool helps you weigh your options based on what works best for your budget and financial goals.
With Better Choice, you’ll get expert guidance and access to multiple lenders, making it easier to find a loan structure that suits your lifestyle. Adjust the term, interest rate, and loan amount to compare repayment scenarios and make confident, informed decisions.
Important Information – Please Read
This calculator provides estimated figures for guidance only and should not be considered financial advice. All calculations are based on the accuracy of the data you enter and assume a consistent interest rate and scheduled repayments over the entire loan term.
Results are for illustrative purposes only and may not reflect actual loan offers or repayment conditions. The actual cost of borrowing can vary depending on the lender, loan type, and changes in interest rates over time.
We recommend discussing your options with a Better Choice mortgage adviser before committing to any loan term. All loans are subject to approval and lending criteria, terms, and conditions apply.