Extra Repayment Calculator

Although this calculator acts as a simple mortgage calculator, you can also use it to see how much you can save when you make extra payments regularly, or if you make a one-off lump sum repayment into the mortgage.

Loan amount:
Variable interest rate: %
Loan period: years
Initial interest rate: %
Initial rate term: years
Advanced options:
How much extra you think you could pay per month, and how soon you think you could start paying the extra amount? The calculator will show you how much sooner you could be mortgage free!
Extra contribution amount:
Extra contribution starts from: month
One off extra payment - Tell us how much and when you think you would pay and the mortgage calculator will show you what effect it would have on your mortgage term.
Optional once off lump sum amount:
Paid after how many months after the mortgage starts?: month

About the Extra & Lump Sum Payment Calculator

Interested to see how your loan might change if you put a few more dollars toward it each payment period? Maybe you want to see how much you'll save by putting in a one-time lump sum payment. The extra & lump sum payments calculator allows you to see how paying more than required, over time or in one go, can change the lifetime cost of your mortgage. Not only can extra repayments save you hundreds in interest, you may be able to make fewer payments overall, depending on how much more you pay.

Remember, some lenders set an annual limit on the value of lump sum and overpayments you can make – 10% of the total mortgage value per year, for example – before you have to pay early repayment charges, while others put a percentage cap on the additional payments you can make each period. Also, not all mortgages allow for extra repayments.

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Tuesday Sep 25, 2018
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