Extra Repayments Calculator

See the effect of paying more than your minimum required repayment — and exactly how much extra you'd need to pay, on top of your minimum, to get there.

Before you start: This calculator assumes your interest rate stays the same for the entire loan term, which is unlikely in practice. To achieve any result shown below, the extra repayment amount must be paid in addition to your minimum required repayment, every period, for the full time shown.
Loan details
$500,000 · 6.10% · 30 yrs
$
% p.a.
years
$ /mo
Estimated interest saved
$0
0 yrs
0 yrs saved
New payoffOriginal term: 30 yrs
New payoff time0 yrs
Total repayment required$0 / month
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Important information: This calculator provides estimates only and does not constitute financial or credit advice, a loan offer, or pre-approval. Figures assume the interest rate entered remains fixed for the entire loan term and that repayments are made consistently without interruption — in practice, variable interest rates change over time, which will affect actual repayments, interest paid, and payoff timing. The results shown are only achievable if the extra repayment amount is paid in addition to, not instead of, your minimum required repayment, for the full period shown. This calculator does not account for loan fees, offset or redraw facilities, repayment holidays, or changes to your financial circumstances. Speak with us for an assessment based on your actual loan and circumstances.