Home Loan Repayment Calculator With Extra Repayments

Use this additional payment calculator to determine the payment or loan amount.

Home loan repayment calculator with extra repayments. Works in reverse also. Negative extra payments to pay less create an amortization schedule. The extra repayment calculator will work out the length of your new mortgage term and the total amount that you will save. Making extra repayments may help you pay off your loan much faster.

Extra repayments at any time can help reduce the time and interest cost of your loan. Enter your current loan details or proposed loan details if you don t already have a mortgage then give your repayment amount a boost. Calculate your home loan repayments with extra repayments and results of time and interest saved. Calculator use use this calculator to calculate repayment of your mortgage and add extra payments to find how much it reduces the length of your loan term and the amount of interest you can save over the life of the mortgage.

You can also nominate when to start your increased repayment to take account of future pay rises or reduced expenses down the track. Whether you have a fixed variable or introductory rate loan the infochoice extra repayment calculator shows you how much you could put back in your wallet in the long term by making extra repayments. Enter your loan details into the calculator and the difference between the normal repayments and the amount you can afford to repay into the extra contribution section. Paying an increased amount on your home loan will help you repay the loan much faster.

Professional lenders association network of australia pty limited plan australia abn 99 086 490 833 as trustee for the plan australia unit trust trading as plan australia. Regularly making extra repayments towards your mortgage can potentially save you thousands of dollars in interest and shave years off the life of your home loan. Using our extra repayments calculator you can see how much time and interest you could save by paying more than the minimum repayment. Try our extra repayments calculator to find out.

Making repayments above your minimums could make a big difference to how quickly you could pay off your home loan. For example charlotte wants to make an extra 341 per fortnight on top of her existing 964 fortnightly home loan repayment paying a total of 1 305 each fortnight.