Extra repayment calculator

How to use the extra repayment calculator

1. Enter your loan details

   Set your Loan Amount (defaults to $400,000), Interest Rate (defaults to 5.50%) and Loan Term up to 30 years.

2. Select repayment frequency

   Choose Monthly, Fortnightly or Weekly from the Repayment Frequency dropdown to match how often you pay your mortgage.

3. Add your extra amount

   Enter the Extra amount you plan to add to every scheduled repayment (loads at $100 per payment).

4. Set when extras start

   Pick the year in Starts after (defaults to 5 years, or set 0 to start from your first repayment).

If you want to compare paying fortnightly without adding extra cash, try our fortnightly and weekly repayment calculator.

The calculator displays your Minimum Repayments alongside your Increased Repayments, calculates your total Interest Saved and shortened loan term, and plots both balances on the Loan Balance Chart until the loan hits zero.

What the extra repayment calculator includes and omits

How visa status affects your extra repayment plan

Your interest savings depend on the rate and structure you secure up front. A partner visa or 461 visa holder buying jointly with an Australian citizen, permanent resident or NZ citizen partner can often borrow up to 95% LVR across mainstream lenders, whereas solo temporary visa applicants are typically capped at 70% to 80% LVR.

Before paying extra directly into the loan, check whether your lender allows free redraw or whether you need cash set aside for visa stage fees. Once your loan settles, your repayment schedule and rate continue unchanged even if your visa later expires, as lenders assess visa status at application.