Mortgage Calculator Extra Repayments
Use our Extra Repayments calculator to:
See how extra repayments,
- Help pay off your mortgage years earlier
- Saving thousands in interest
- Building equity faster
The payments, which can be a small extra amount each month above the minimum amount, reducing your interest. Less interest over time, which means you pay off your home loan faster. These extra payments can be lump sum payments, regular extra amounts, or an offset account
Extra repayments calculator
Find out how much time and interest you can save by making extra repayments on your home loan — whether that's a little extra each week or a one-off lump sum.
Why make extra repayments? Every extra dollar reduces your principal, which means less interest charged in the next period. The savings compound over time — small regular extra payments can cut years off your loan and save tens of thousands in interest.
Loan balance over time
Year-by-year breakdown
| Year | Balance (standard) | Balance (extra) | Interest (standard) | Interest (extra) | Interest saved | Cumulative saved |
|---|