|
The interest saving calculator gives you a summary of how much you can save by making additional home loan repayments on top of the minimum monthly required.
To see how much home loan interest you can save just input the following:
Then press the submit button to obtain the result.
The additional amount you put in can be determined by what you're comfortable with; you will be pleasantly surprised at how much interest you can save by making even small additional repayments of as little as $50 per week.
In addition to saving interest you also repay the home loan in a shorter time, depending on how much extra you put in you can reduce your loan term by three, five or seven years.
The greatest impact you can make to save interest is to make additional home loan repayments as soon as your home loan settles as it's in the first few years that the interest component is the highest portion of your repayment.
Disclaimer: - The home loan interest saving calculator provides with an indicative result of the home loan interest saved and time saved and may vary depending on market conditions and interest rate fluctuations. Also note that recurring home loan fees and charges are not factored in and this may also have a bearing on the precise amount of interest and time saved.
 |
Other Useful Links within our site: |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Useful Sites as a point of reference: |
| | | | | | | |
 |
| 
