A Honeymoon or Introductory loan or mortgage generally offers a guaranteed low rate for an initial period of time after which most interest rates will revert to the Standard Variable Rate. This calculator helps you find out whether youâ€™re actually saving money with your honeymoon home loan in total interest.

- It does not take into account any possible fees i.e. up-front fees or ongoing fees.
- Interest rate does not change over the loan term.
- Interest is calculated by compounding on the same repayment frequency selected, i.e. weekly, fortnightly, monthly. In practice, interest compounding frequency may not be the same as repayment frequency.
- It is assumed that a year consists 26 fortnights or 52 weeks which is counted as 364 days rather than 365 or 366 days.
- No rounding is done throughout calculation whereas repayments are rounded to at least the nearer cent in practice.