Honeymoon Loan
Calculate repayments for a loan with an introductory (honeymoon) interest rate that reverts to a higher rate.
Loan Details
Discounted rate during honeymoon period
Rate after introductory period ends
Total Cost Over Loan Term
$1,125,010
vs $1,137,722 at standard rate
⚠️ Revert Rate Warning: Your monthly repayment will increase by 10.8% (from $2,838.95 to $3,145.46) when the introductory period ends. Ensure you can afford the revert rate, not just the honeymoon rate.
Based on a $500,000 loan over 30 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Important Information & Assumptions
This calculator is a general information tool only and does not constitute financial product advice. It is not intended to be relied upon for the purpose of making a decision in relation to a financial product. You should consider obtaining advice from a financial services licensee before making any financial decisions.
The results are estimates only and are based on the assumptions you have provided. Actual amounts may vary depending on your individual circumstances, interest rates, fees, and other factors not accounted for in this calculator.
All default assumptions used in this calculator can be changed by you. Default values are indicative only and may not reflect current market conditions or your personal situation.
Where results project amounts payable at a future time of 2 or more years, those amounts are not adjusted for inflation and are expressed in today's dollars unless otherwise stated.