Home-loan calculator
Explore the effect of paying above the minimum
Compare a baseline repayment with regular additional repayments using simplified, constant-rate assumptions.
Additional repayments can reduce principal sooner and may reduce interest and loan duration. Actual outcomes depend on when payments are credited, rate changes, fees and the product's rules.
Fixed loans may restrict extra repayments or impose costs. Redraw access is subject to lender terms, and money paid into a loan is not identical to money held in an offset account.
Extra repayment estimate
See what extra repayments may change
Compare the scheduled repayment with a fixed extra amount paid at the same frequency. Check the example figures and enter the interest rate you want to explore.
Your scenario
Enter your figures to see an estimate.
Enter an annual interest rate and check the loan balance, remaining term and extra amount. Select Compare repayment scenarios to calculate the difference.
The calculator uses the rates you enter. It does not display a lender rate or product offer.
General estimate only. This is not credit assistance, a quote, offer, recommendation or approval. It uses the nominal annual rate divided by the selected number of repayment periods and assumes a constant rate and every extra repayment is made. It does not reproduce lender-specific daily accrual or rounding and excludes fees, limits, redraw and offset changes. Check the loan terms before paying extra. Discuss your loan with a broker.
Create a current-loan baseline
Use the current balance, rate, remaining term and scheduled repayment. If these do not align, the estimate may not reflect the actual loan schedule.
Test an amount the budget can sustain
Model a repeatable extra amount and retain an appropriate cash buffer. A large one-off result is less useful if the household would need to redraw it soon afterwards.
Check product rules before acting
Confirm extra-repayment limits, redraw availability, fixed-rate conditions and how payments are applied. Seek tax advice before moving investment-purpose funds.
Frequently asked questions
Questions, answered clearly
General answers are a starting point. Your lending options depend on your circumstances.
Will extra repayments always be available to redraw?
No. Redraw depends on the loan terms, account status and lender rules and may not equal every extra dollar paid. Check before relying on access.
Are extra repayments allowed on a fixed loan?
Product rules vary and limits or costs may apply. Read the contract or ask the lender before paying more than the permitted amount.
Does the result allow for future rate changes?
A basic calculator generally holds the entered rate constant. Actual rates and repayments may change, so treat the result as a scenario.
Ready to take the next step?
Talk through your goals with Luke and leave with a clearer idea of what comes next.