Extra repayment calculator
Turn surplus cashflow into faster payoff with a plan you can sustain.
Monthly repayment$3,062
$602,444Total interest
$1,102,444Total paid
30y 1mPayoff
Stress Test
What happens if rates rise?
Extra Repayments
Pay off faster, save interest
Extra per monthly period$0
$0$2,000
Offset Account
Interest savings from offset balance
Upfront Costs
Deposit, stamp duty, and settlement costs
Compare Scenarios
Score and compare loan quotes
Visible payoff progress increases consistency. Small, repeatable extra repayments often beat occasional large bursts. Early principal reduction has outsized impact. Timing matters as much as amount in long-term interest outcomes.
Choose extra repayments that survive budget variability. Unsustainable targets can backfire and reduce confidence. The best extra repayment plan is the one you can repeat for years.
Frequently Asked Questions
- How much difference do extra repayments make?
- Even moderate recurring extra repayments can materially reduce total interest and payoff years, especially earlier in the loan.
- Should I do extra repayments or keep cash in offset?
- Extra repayments reduce principal directly, while offset preserves liquidity. Compare both based on flexibility needs and fee structure.
- Can I use this for weekly and fortnightly plans?
- Yes. The calculator supports monthly, fortnightly and weekly frequencies for scenario comparison.