Extra Repayment Calculator

An Extra Repayment Calculator helps you determine how making additional repayments on your mortgage or loan can reduce your total interest costs and shorten your loan term. By paying more than the minimum required amount, you can become debt-free faster and save thousands in interest.

Extra Repayment Calculator

Enter your details

Loan Amount

Interest Rate (%)

Loan Term (years)

Repayment Frequency

Extra contribution per payment

Extra amount

Starts after (years)

View your results

Minimum Repayments:

$2,398.20

Increased Repayments:

$2,498.20

Time saved: 2 years, 2 months

Interest Saved:

$35,058.39

Loan Balance Chart

Note: The information provided by the calculator is intended to provide illustrative examples based on stated assumptions and your inputs. Calculations are meant as estimates only and it is advised that you consult with a mortgage broker about your specific circumstances.

Looking for Genuine Home Loan Consultation?

Book an appointment with our Finance Broker/CEO for expert guidance on home loans, refinancing, investment properties, and more.

Consult with Home Loan Expert

At Everest Home Loans, we are more than just a mortgage broker. We are your dedicated partners on your journey to homeownership.

Explore

Contact

0431 790 889

03 9005 3955

raj@everesthomeloans.com.au

35 Captain Pearson Drive,

Mickleham VIC 3064

Subscribe

Sign up for our latest news & articles. We won’t give you spam mails.

Newsletter Signup

Kandel & Co Pty Ltd t/a Everest Home Loans is an Authorised Credit Representative – 506833, and Rajesh Kandel is an Authorised Credit Representative number – 476341 of Connective Credit Services Pty Ltd ABN 77 161 731 111 (Australian Credit Licence No.389328).

Extra Repayment Calculator

Extra Repayment Calculator

Enter your details

Extra contribution per payment

View your results

Loan Balance Chart

Download Repayment Schedule