Extra repayments mortgage calculator

Disclaimer: Although every effort has been made to ensure the accuracy of this mortgage calculator the results should be used as indication only. This calculator should not be considered as a quote or pre-qualification for a home loan. Flash player is needed to view this calculator. Download the plugin free here:

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.