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Refinancing

Extra repayments calculator.

Small, consistent extra repayments do more than most people expect. Here's the actual number.

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$
% p.a.
years
$

Interest saved

$147,838

Paying an extra $300 a month could cut roughly 5 years and 5 months off the loan.

Standard repayment
$3,636
New repayment
$3,936
Time saved
5y 5m
Interest without extra repayments
$708,949
Interest with extra repayments
$561,111

What could change this figure

  • Whether your loan allows unlimited extra repayments, as most fixed loans don't
  • Interest rate changes over the life of the loan
  • Whether you'd be better off holding the money in an offset instead
  • Redraw access if you need those funds back later

This is an estimate only, based on the figures you have entered and simplified assumptions. It is not credit advice, an offer of credit, or an indication that any lender will approve a loan. Assumes a constant interest rate and that extra repayments continue for the life of the loan.

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How this is calculated
  • Assumes a constant interest rate and that extra repayments continue for the life of the loan.
  • Most fixed-rate loans cap extra repayments, so check your loan terms.
  • Money held in an offset can achieve a similar effect while remaining accessible.

Free guide

The Fifteen Minute Refinance Review

What staying put is really costing you

  • How to check your rate against what's actually available now
  • The real cost of switching, and when it isn't worth it
  • Structuring an offset properly instead of just chasing a rate
  • Consolidating debt without quietly resetting the clock

Where should we send it?

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Next steps

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