Use this Extra Repayments calculator to help you work out how much you can save off your mortgage by making extra repayments on a weekly or monthly basis. By paying just a little extra each month, you can save tens of thousands of dollars off your loan. Give it a go!
To use the Extra Repayments Calculator, enter in all the required details in each field to calculate the most accurate results. Your results will show the current monthly repayments, updated monthly repayments, the original total amount and updated total amount. The Extra Repayments Calculator will also show you how much interest you will save, the amount of time you will save as well as the updated loan term.
You can also view the original loan against the loan with extra repayments for your time period as a graph visual.
Save or print your results and feel free to change the data in the extra monthly repayments field, loan term and repayment frequency to compare results and determine how much you could save today!
Extra Repayments may be beneficial for owner occupiers looking to pay down their mortgage as quickly as possible, but for other ideas on loan repayments, then get in touch with the iBuyNew team today who can assist you with your property search and loan strategies.