See how much time and money you can save by making extra repayments
See how much time and money you can save by making extra repayments on your home loan. Even small additional payments can have a significant impact on your loan term and total interest paid.
This calculator provides estimates for illustrative purposes only. Results are based on the information you provide and should not be considered financial advice. Actual loan terms may vary. Contact our team for personalized advice.
Making extra repayments on your home loan is one of the most effective ways to reduce your interest costs and pay off your mortgage faster. Even small amounts can have a dramatic effect over time.
Weekly or Fortnightly Payments
Pay half your monthly amount every fortnight to make extra annual payments without changing your lifestyle
Salary Increase Boost
When you get a pay rise, direct part or all of it to extra repayments instead of lifestyle inflation
Lump Sum Payments
Use tax refunds, bonuses, or gifts to make occasional large additional payments
Offset Account Strategy
Keep savings in an offset account linked to your loan to reduce interest while maintaining emergency funds
On a $500,000 home loan at 6% interest over 30 years:
Grants & Offers
First Home Guarantee: Buy with as little as 5% deposit without LMI
First Home Owner Grant: Up to $10,000 for eligible first home buyers
Stamp Duty Concessions: Reduced or waived stamp duty for eligible buyers
Home Builder Grant: Financial assistance for new builds and renovations
Get a free consultation and property assessment when you apply for a home loan this month.
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