Extra Repayment Calculator

With our extra repayment calculator, find out how much time and interest you could save by paying more than your minimum home loan repayments. Simply enter your loan details to see how even small added contributions can make a big difference over the life of your mortgage.

What are extra repayments?

Extra repayments are the extra additions to mortgage repayments that help reduce the length of your loan term and the amount of interest you can save over the life of the mortgage. By contributing extra money, whether regularly or occasionally, you can reduce the total interest you pay over the life of your loan, enjoy a shorter loan term and build a buffer for future financial flexibility.

How does the extra repayment calculator work?

The extra repayment calculator helps estimate how much you can save in interest and time by making extra repayments. The extra repayment calculator has you enter basic loan details, from the loan amount and interest rate to the loan term and repayment frequency. Then, in the extra contribution section, you enter the extra repayment amount you plan to make each period and the time from which you’ll start making those repayments.

Once you’ve added these details, the calculator will show your revised loan term, total interest saved and a comparison between your current and adjusted loan schedules. Try using our budget planner to get a better idea of your finances and get a clearer picture of the contributions you can make.

What will my home loan repayments be?

Our extra repayment calculator helps work out how repayment frequencies affect your home loan. Your repayment amount depends on the loan size, interest rate, loan term, and payment frequency. Using the calculator helps you see how small, consistent contributions can lead to big, long-term savings.

Generally, more frequent repayments reduce the total interest paid and making extra repayments accelerates your loan payoff. It’s good to plan your repayments in line with your income frame, so if you get paid monthly, it could be easier to make your home loan repayments monthly.