Home loan repayments
Extra Repayment Calculator
Find out how much time and interest you save by adding a little to every repayment.
$
% p.a.
years
Repayment frequency
Extra repayments
$
years
Use 0 to start straight away.
Interest saved
$121,990
You would be debt-free 4 years sooner, in 26 years.
- Minimum monthly repayment
- $3,792.41
- With your extra repayment
- $3,992.41
- Time saved
- 4 years
Your balance, with and without extra repayments
- With extra repayments
- Minimum repayments only
Show the figures as a tableHide the table
| Year | With extra repayments | Minimum repayments only |
|---|---|---|
| 0 | $600,000 | $600,000 |
| 1 | $590,821 | $593,294 |
| 2 | $581,027 | $586,138 |
| 3 | $570,577 | $578,503 |
| 4 | $559,427 | $570,357 |
| 5 | $547,531 | $561,666 |
| 6 | $534,838 | $552,392 |
| 7 | $521,295 | $542,497 |
| 8 | $506,845 | $531,940 |
| 9 | $491,427 | $520,676 |
| 10 | $474,976 | $508,657 |
| 11 | $457,424 | $495,833 |
| 12 | $438,696 | $482,150 |
| 13 | $418,714 | $467,551 |
| 14 | $397,394 | $451,975 |
| 15 | $374,646 | $435,355 |
| 16 | $350,374 | $417,622 |
| 17 | $324,477 | $398,701 |
| 18 | $296,846 | $378,514 |
| 19 | $267,364 | $356,974 |
| 20 | $235,908 | $333,992 |
| 21 | $202,344 | $309,470 |
| 22 | $166,534 | $283,307 |
| 23 | $128,324 | $255,391 |
| 24 | $87,556 | $225,605 |
| 25 | $44,058 | $193,825 |
| 26 | $0 | $159,916 |
| 27 | $0 | $123,737 |
| 28 | $0 | $85,134 |
| 29 | $0 | $43,946 |
| 30 | $0 | $0 |
How this calculator works
- Extra repayments start after the time you choose and continue until the loan is repaid.
- Your minimum repayment stays the same and the extra amount comes straight off the balance.
- Interest compounds at the repayment frequency. A year is 12 months, 26 fortnights or 52 weeks.
- The interest rate stays the same for the whole term.
Results are general estimates only and are not credit, tax or financial advice. They do not take your objectives, financial situation or needs into account. Check the figures with a licensed professional before making a decision.
Related calculators
- Lump Sum Repayment CalculatorCalculate how much a lump sum payment on your loan will save you.
- Home Loan Offset CalculatorEstimate how much interest you'll save by using your savings to offset your home loan.
- Fortnightly and Weekly Repayment CalculatorEstimate how much faster you repay by paying fortnightly or weekly.
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