Extra Repayments Calculator

See how making extra repayments on your home loan can help you pay it off sooner and save thousands in interest. Even small additional payments can make a big difference.

Your Loan Details

Loan Amount / Current Balance

Interest Rate (% p.a.)

Loan Term

Minimum Monthly Repayment

Extra Repayments

Extra Repayment Amount

Frequency

Extra per month

Total monthly payment

Lump Sum Payment (Optional)

One-off Lump Sum

e.g., tax refund, bonus, inheritance

You Could Save

in interest

Time Saved

Pay off your loan

sooner

Loan Comparison

Without Extra Repayments

Loan Term

Total Interest

Total Repayments

With Extra Repayments

New Loan Term

Total Interest

Total Repayments

Interest Savings

Pro Tip

Switch to fortnightly repayments (half your monthly amount) and you'll make the equivalent of 13 monthly payments per year instead of 12!

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Important Note

The information provided by this calculator is intended to provide illustrative examples based on stated assumptions and your inputs. Calculations are meant as estimates only and it is advised that you consult with a mortgage broker about your specific circumstances. Some loans have restrictions on extra repayments or may charge fees for paying off early.