Housing
Mortgage
Why this matters. A home loan repayment is the standard principal-and-interest formula on the rate and term you type. Extra payments change how fast the balance falls. The rate is an example you type. It is not the cash rate, and it is not a lender’s offer.
Standard P&I repayment. Move the rate. Add extra monthly. Drop a lump sum in a chosen year. The graph is remaining balance versus the original schedule.
Interest saved
$0Example rate you typed
Clears in 30.0 years · 0.0 years sooner
Schedule
Scheduled monthly
$3,589
Interest if no extra
$591,864
Interest with extras
$591,864
Interest saved
$0
Years to clear
30.0 y
Years saved
0.0 y
Rate 4.60%. Original term 30 years. This is a single-rate P&I sketch — not a comparison rate, not LMI, not offset.
Show as a table
| Year | Original | With extras |
|---|---|---|
| 0 | $700,000 | $700,000 |
| 5 | $639,067 | $639,067 |
| 10 | $562,410 | $562,410 |
| 15 | $465,971 | $465,971 |
| 20 | $344,648 | $344,648 |
| 25 | $192,017 | $192,017 |
| 30 | $0 | $0 |
Next: Interest-only, then principal — What the repayment does after interest-only ends.
What doctors often miss
The repayment is the standard principal-and-interest formula on the rate you type. Stamp duty, lender’s mortgage insurance and an offset are not inside that repayment.
Included / Not included
Included
- Standard principal-and-interest repayment. The rate, term, extra repayment, and lump sum are what you type · Example assumption, editable
Not included
- Offset balances (that is a different tool)
- Lender fees, monthly rounding, and a rate that changes unless you edit it
- Inflation, wage growth, and redraw
- Tax, negative gearing, and the Medicare levy
- Lender’s mortgage insurance
- Home insurance and stamp duty
Assumptions you can edit are the inputs on this page. This is a model, not a prediction, a tax assessment, or a recommendation.
A rough figure — not advice. Terms
Also
Advertisement — labelled, never inside the number.