Take Back Control With Our Mortgage Calculator
How Much is Your Mortgage Costing You?
Sinking into mortgage debt? Unsure how much interest you’re paying on your home loan? If you are thinking about refinancing your mortgage for a better interest rate, our Mortgage Calculator can help.
Enter the amount you would like to borrow.
How many years do you want to take to repay the loan?
You can increase or decrease the interest rate to understand the affect on your repayments and total interest.
Enter the extra amount you plan to make for every repayment
Enter the amount in the account you wish to use to offset your interest payments.
Enter the lump sum about you plan to make against the loan.
Lump Sum Year
Enter the year you plan to make the lump sum payment.
Make Extra Payments
Regular Repayment$0.00 per Month at 0% p.a.
Total Interest$0.00 over 0 years
Time Saved0 years 0 months
Use a 100% Offset Account
Placing your savings into a mortgage offset account will reduce the interest payable against your loan. For example, if your loan is $400,000 and you have $50,000 in your offset account, you will only be paying interest on $350,000.
Repay Principal and Interest
Many lenders offer you the chance to pay just the interest on a mortgage. But if you only pay the interest, you don’t put any dents into the loan principal. A principal and interest loan allows you to start repaying the principal straight away.
Split Your Repayments
Make repayments every two weeks, not monthly. A monthly repayment schedule means you’ll make 12 repayments a year, whereas a fortnightly schedule means you’ll make 26 repayments, making one extra full repayment each year.
Consolidate Personal Debts
Generally speaking, interest rates on unsecured debts are much higher than your mortgage. Consolidating your unsecured debts into your mortgage means you’ll pay a lower interest rate and have more money available to pay off your mortgage.