When using this calculator, it is important to note:

  • The ‘Extra Amount’ field is based on the ‘Repayment Frequency’ entered- if you input fortnightly repayments, the extra amount will be the amount per fortnight
  • Ensure you enter the correct loan term remaining for your loan as this has a significant impact on the calculation
  • You can achieve similar benefits to extra repayments if utilising an offset account instead

Looking for a different calculator?

Home Loan Repayment Calculator

Home Loan Offset Calculator

Stamp Duty Calculator

Savings Goal Calculator

Budget Planner