Home loan repayments
Lump Sum Repayment Calculator
See what a one-off payment, such as a bonus or tax refund, does to your loan term and total interest.
$
% p.a.
years
Repayment frequency
Lump sum
$
years
Use 0 to pay it straight after your first repayment.
Interest saved
$107,668
Your loan finishes 3 years sooner.
- Monthly repayment
- $3,792.41
- Balance after 5 years
- $561,666
- Time saved
- 3 years
Your balance, with and without the lump sum
- With lump sum
- Without lump sum
Show the figures as a tableHide the table
| Year | With lump sum | Without lump sum |
|---|---|---|
| 0 | $600,000 | $600,000 |
| 1 | $593,294 | $593,294 |
| 2 | $586,138 | $586,138 |
| 3 | $578,503 | $578,503 |
| 4 | $570,357 | $570,357 |
| 5 | $531,666 | $561,666 |
| 6 | $520,383 | $552,392 |
| 7 | $508,345 | $542,497 |
| 8 | $495,500 | $531,940 |
| 9 | $481,795 | $520,676 |
| 10 | $467,172 | $508,657 |
| 11 | $451,570 | $495,833 |
| 12 | $434,923 | $482,150 |
| 13 | $417,161 | $467,551 |
| 14 | $398,210 | $451,975 |
| 15 | $377,989 | $435,355 |
| 16 | $356,415 | $417,622 |
| 17 | $333,395 | $398,701 |
| 18 | $308,833 | $378,514 |
| 19 | $282,627 | $356,974 |
| 20 | $254,666 | $333,992 |
| 21 | $224,832 | $309,470 |
| 22 | $193,000 | $283,307 |
| 23 | $159,036 | $255,391 |
| 24 | $122,797 | $225,605 |
| 25 | $84,132 | $193,825 |
| 26 | $42,877 | $159,916 |
| 27 | $0 | $123,737 |
| 28 | $0 | $85,134 |
| 29 | $0 | $43,946 |
| 30 | $0 | $0 |
How this calculator works
- The lump sum is paid once, straight after the regular repayment at the time you choose.
- Your regular repayment stays the same, so the loan finishes sooner.
- 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
- Extra Repayment CalculatorSee the difference additional payments will make on your home loan.
- Home Loan Offset CalculatorEstimate how much interest you'll save by using your savings to offset your home loan.
- How Long to Repay CalculatorWork out how long it will take to pay off your loan.
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