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Thanks for the reply guys. But I'm still wondering how the heck the interest + principal I pay goes up and down from month to month, hence it confused me although I'm on fixed rate loan. Hence, I'd like to know how the math/calculation work here :cool: @eXc It's very frustrating indeed...

Hi, This could be a newbie question, but I'd ask it anyway as I'm getting very curious with this. :mad: I keep looking at the statement of my home loan, I'm on 3 years fixed rate loan (7.65%) with Westpac since mid 2007 and will be converted to variable rate in mid 2010. My loan when first...