Extra repayments mortgage calculator

About the extra repayments calculator

This mortgage calculator allows you to see how much you can save on your car loan, home loan, investment loan or other mortgage by paying extra voluntary payments in addition to your regular monthly, fortnightly or weekly payments. You might also like to take a look at the how long to repay your mortgage calculator.

Instructions

First enter the details of your loan in the top box – include the total loan amount, interest rate, loan term, current regular repayments (select your repayment schedule from the drop down menu). Then enter some different extra voluntary repayment amounts and change the time you will start these repayments – you’ll see in the results box below and represented in the graph on the right what these extra repayments could save you in terms of money and time to pay back the loan.

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Disclaimer: Calculator is not intended to be relied on for the purposes of making a decision in relation to a financial product. Whilst every effort has been made to ensure the accuracy of this calculator, the results should be used as indication only. Advice should be obtained from a financial services licensee before making financial decisions. Calculator does not assume changes in the cost of living over time. Default assumptions: For the purpose of this calculator, all months are assumed to be of equal length. One year is assumed to comprise 52 weeks and therefore 364 days (as opposed to the actual 365 days or 366 days).