Home loan calculator

How fast can you repay your home loan?

Calculate your current remaining loan term, then see how much extra you need to repay each month to reach a shorter preferred loan term.

What happens when you increase your monthly repayment?

Increasing your regular repayment can reduce the time it takes to repay your loan. This calculator gives you a simple estimate using your current balance, interest rate and monthly repayment.

See your estimated current remaining loan term
Choose the remaining term you would like to target
See the estimated extra monthly repayment required

Want to look at the bigger picture?

Repayment strategy is only one part of a home loan review. We can also look at your loan structure, rate, offset and refinancing options.

Your current loan

Current loan balance

Annual interest rate

Current monthly repayment

Target loan term

years

Estimated current remaining loan term

Extra to pay each month

Current repayment

New monthly repayment

Loan term comparison

Current repayment

With extra repayments

total interest saved

This calculator provides an estimate only and is not credit advice. It assumes a constant interest rate, monthly compounding and repayments made monthly in arrears. The target repayment is rounded up to the nearest cent. Fees, rate changes, redraws, offsets and other loan features are not included. Check your loan terms and lender requirements before changing repayments.