Extra Repayment Calculator
Use our extra repayment calculator to find out how much faster your clients can become the sole owner of their house
Get started with the Mortgage Extra Repayment Calculator
Buying a house can be daunting! With the best home loan rates, Mortgage Street can help you understand your financial situation and what is achievable for you. This makes buying your primary residence, forever home or investment property clearer and easier.
Investigate your borrowing power and mortgage potential with each online Borrowing Power calculator. When you are ready for pre-approval or a new loan, contact your Mortgage Street mortgage broker.
Calculator
Important Disclaimer: This is intended as a guide only. Details of terms and conditions, interest rates, fees and charges are available upon application. Mortgage House’s prevailing credit criteria apply. Please note that your actual fortnightly repayment would be equal to the monthly repayment amount divided by two. Weekly repayments would equal the monthly repayment amount divided by four. If you choose to pay fortnightly or weekly, your actual repayments will be higher than repayments shown on this page. You can reduce the term of your loan if you choose to make repayments fortnightly or weekly. We recommend you seek independent legal and financial advice before proceeding with any loan.
Calculate Loan Repayments
Providing an idea on your home loan, calculator repayments offer home buyers an estimate of their mortgage repayment options.
User Friendly
With easy-to-use toggles, our Mortgage Repayment Calculator is the ideal tool for any home buyer.
Adjust Toggles For Variables
Change the interest rate, loan period, loan amount and loan type to see a multitude of different repayment options.
Get The Ball Rolling
Get excited about buying your home with real numbers on what your repayments will look like and how they will fit into your budget.
Making additional mortgage repayments on a monthly basis allows clients to consistently decrease the principal mortgage amount and pay it back quicker than the terms call for
• Decreasing the overall amount being spent on mortgage repayments over time, including saving money on interest
• Allowing a homeowner to build equity in their home quickly
• Decreasing the cost of monthly mortgage repayments scheduled by a mortgage broker
• Decreasing the amount of time, it takes a homeowner to pay their mortgage off completely
• The amount of time a client has before the expiration of their fixed-rate mortgage
• The amount a client’s interest rates have fluctuated since the beginning of their fixed rate mortgage term
• The amount a client is paying on their fixed-rate mortgage principal
A client does not have to choose between paying extra on their principal or making an extra repayment because anytime they decide to make an additional payment on their mortgage, the funds are allocated to the principal amount owed
A client can choose to make mortgage repayments through a large lump sum deposit, or smaller deposits spread throughout a year