Planning to build a new home or undertake major renovations? Our borrowing power calculator helps you understand what you can afford, while our first home buyer guide provides essential tips for new homeowners. If you're considering refinancing your current property, explore our refinance options to optimise your finances.
Understanding the costs involved in construction projects is crucial. Our calculator is designed to give you a clear picture of your potential repayments based on current rates, starting from 5.99% p.a., as of March 2026. This way, you can plan effectively and avoid surprises during your building journey.
How Our Construction Loan Calculator Works
Our calculator allows you to input your desired loan amount, loan term, and interest rate to estimate your monthly repayments. It considers the current rate of 5.99% p.a., which is typical for construction loans in March 2026, providing a realistic estimate for your planning.
Key Factors to Consider
- Loan Amount: Based on your build budget and deposit.
- Interest Rate: Currently set at 5.99% p.a., but subject to change.
- Loan Term: Typically between 12 to 36 months for construction loans.
- Repayment Type: Interest-only during construction, with possible conversion to principal and interest.
Planning Your Construction Budget
Estimating your repayments helps you manage your cash flow during construction. Whether you're building in Sydney suburbs or elsewhere, understanding your financial commitments is vital.
Additional Costs to Consider
- Construction management fees
- Permits and council approvals
- Contingency funds for unexpected expenses
- Interest during the build period
Getting Pre-Approval
Before starting your build, obtaining pre-approval from a lender can streamline the process. Our calculator can help you estimate your eligibility and repayment schedule, ensuring you're prepared for the financial commitments ahead. For detailed guidance, check out our First Home Buyers Guide.
Next Steps
Once you've estimated your repayments, talk to a mortgage specialist to discuss your options. They can help tailor a construction loan package that suits your needs, including options for staged payments and drawdowns.
Building your dream home is an exciting journey, and understanding your financial commitments is a vital step. Our construction loan calculator provides a clear estimate to help you plan effectively. For personalised advice and to discuss your construction project, contact our team today.
We're here to support you every step of the way, ensuring your build is smooth and financially manageable.