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Introductory Rate Loan Calculator

Our introductory rate loan calculator will help you find out whether you’re actually saving money with your honeymoon home loan in total interest. Just enter in the details below and let our professional calculator do the rest.

An introductory rate loan or mortgage (also called honeymoon loan or mortgage) generally offers a guaranteed low rate for an initial period after which most interest rates will revert to the standard variable rate. 

Have you ever been tempted by an introductory rate interest loan with its seemingly alluring low-interest rate? Beware, for there might be a catch! Although the starting interest rate might seem attractive, many intro rate loans could switch to less competitive products in the future, leading to a potential financial setback.

Before you sign on the dotted line, you need to consider a few things such as:

  • How long does the intro rate last before switching to a higher interest rate?
  • Is the higher interest rate more expensive than other basic home loan offers that do not have intro rate pricing?
  • What are the setup and discharge costs if you want to refinance the loan when the interest rate rises?
  • Are there any other hidden fees or costs that could make the loan more expensive when you refinance later on?


Do you need help in determining whether an introductory rate home loan is suitable for you? Our mortgage experts here Excellence Finance are here to help. Get in touch with our mortgage broker today!

Disclaimer: Remember, the calculations may not account for all fees and charges, and the results provided by this calculator are only an estimate. Therefore, they should not be used solely for making a loan decision.

Additionally, interest rates and other costs can vary over time, thereby affecting the total loan cost. To make the most informed decision, borrowers should discuss their individual situation with a qualified Australian Credit Licensee or Authorised Credit Representative.

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