Extra Repayment Calculator
Looking to get ahead on your mortgage? Our extra repayment calculator helps you see how much faster you could pay off your home loan and how much interest you could save just by making extra repayments. Whether you’re a first home buyer, upgrader, or investor, even small additional payments can make a big impact over time. Simply enter your loan details and use our calculator to model the benefits of regular extra contributions — and take control of your mortgage journey.
How Much Could You Save with Extra Mortgage Repayments?
Why use an extra repayment calculator?
Using an extra repayment calculator lets you understand how even small additional payments can cut years off your loan and save you thousands in interest.
See how extra payments can reduce your loan term
Visualise how paying more than the minimum shortens your home loan and reduces interest.
Compare Scenarios with Ease
Enter different payment amounts and frequencies to compare the results instantly.
Make Informed Repayment Decisions
Understand how fortnightly vs monthly extra repayments impact your long-term outcomes.
Adjust for Changing Life Stages
Use this calculator as your financial situation evolves — during pay rises, bonuses, or budgeting changes.
Talk to an Expert When You’re Ready
We can help you with the right loan setup.
Frequently Asked Questions About Borrowing Power Calculators
Understanding how much you can borrow is a big part of planning your home loan journey — and we know you might have questions. This FAQ section covers everything you need to know about using our borrowing power calculator, what affects your loan eligibility, and how lenders assess your financial situation.
How do extra repayments reduce my home loan?
Extra repayments go directly toward your loan principal, reducing the amount of interest charged over time and shortening the loan term.
Can I make extra repayments on any home loan?
Most variable loans allow extra repayments without penalty. Fixed-rate loans may have limits or fees — check with your lender or talk to one of our brokers.
How much interest could I save?
It depends on your loan size, rate, and repayment frequency. Use our extra repayment calculator above to model your potential savings instantly.
Is it better to pay extra weekly or monthly?
Paying extra more frequently can help slightly more due to compounding. Our calculator lets you compare repayment intervals.
Will this affect my redraw facility or offset account?
Extra repayments may be available to redraw depending on your loan terms. Offset accounts work differently — we can help you compare options.
Not sure if extra repayments fit your budget?
Our expert mortgage brokers can help you explore your loan options, understand how much you can afford to repay, and create a strategy that fits your goals. Whether you’re refinancing or planning ahead, we’re here to help you take control of your mortgage with confidence.
