Save a lot by paying just a little extra

Enter your loan details into the calculator and the difference between the normal repayments and the amount you can afford to repay into the extra contribution section.

The extra repayment calculator will work out the length of your new mortgage term and the total amount that you will save.

If you need a home loan, please call us on 1300 889 743 or fill in our online enquiry form today.

Why make extra repayments on your mortgage?

Making extra repayments instead of, for instance, putting more into superannuation, is a simple and effective way to minimise the length of your loan and reduce the interest payable. If you refinance to a lower interest rate and then start to make those extra repayments, it can be even more beneficial!

By making higher repayments you reduce the principal on your loan much faster. Even with a small $100 /month additional repayment, this will make a very large difference on the total cost of your mortgage.

Can I make extra repayments to my offset account?

Yes, making additional repayments to a 100% offset account will have the same effect as if you had made the extra repayments to your loan account.

If you are disciplined with your money then it is better to make those extra payments to your offset account. This will enable you to access the funds in the future with greater ease. Of course if you access the funds you have paid into your offset account then you will lose the benefit from making your additional repayments.

To find out more about how an offset account works or to calculate your average offset balance please see our offset account calculator page.

This page will tell you how much you can save by making extra repayments into your offset account.


More mortgage calculators

You can access a range of mortgage calculators on our website which will help you to work out your borrowing capacity and the cost of your mortgage. If you wish to speak to an expert mortgage broker, please call us on 1300 889 743 or enquire online and we can let you know which lenders can approve you.

Why use us?

We aim to set an example by delivering what we promise: a higher level of service, better advice and better home loans.

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We finance properties anywhere in Australia for people anywhere in the world.

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Get incredible interest rates

Our relationships with our panel of lenders allow us to negotiate your interest rate.

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We get tough loans approved

We can help you navigate the often complex pre-approval and application process.

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You’ll get a recommendation in just a few simple steps.

free assessment
1

Complete our free assessment form or call us.

situation
2

We assess your situation.

options
3

We look at all the options from our panel of lenders.

suitable home loan deals
4

We will find you the most suitable home loan deals.

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Facts
about us

50+

lenders on
our panel

$4B+

lent Australia-wide
and counting

Westpac
ANZ
Nab
AMP
Qudos
Firstmac
Common Wealth
St George
ING
Homeloans
Macquire
Suncorp
Pepper Money
Me Bank
Bankwest
75%

of our borrowers get
approved with a major bank

95%

of our borrowers get a discount
below the bank standard variable rate

Otto Dargon

Founder, Home Loan Experts

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