Lending Tools
Estimate your weekly, fortnightly, or monthly mortgage repayments and total interest costs.
Monthly Repayment
Based on a 30-year loan at 6.5% p.a.
Principal vs Interest
Tailored to your numbers
Here's what small changes could save you over the life of this loan.
This is an estimate based on a standard table mortgage. Actual repayments depend on your loan structure, lender, and rate type. Talk to our team for a personalised breakdown.
Pay it off faster
Most people set up a mortgage and forget it. But a few simple strategies can save you tens of thousands in interest and cut years off your loan.
Paying half your monthly amount every two weeks means you make 26 half-payments a year — the equivalent of 13 monthly payments instead of 12. That one extra payment per year is surprisingly powerful.
Real example: On a $500,000 loan at 6%, switching from monthly to fortnightly saves around $63,000 in interest and cuts nearly 4 years off the loan.
Even a modest top-up on your regular repayment compounds significantly over a 25–30 year loan. The earlier you start, the bigger the impact.
Real example: Adding just $100/fortnight to a $500,000 loan saves over $90,000 and cuts 3 years off. Adding $200/fortnight saves $154,000 and cuts 5 years.
Windfalls, bonuses, or tax refunds applied directly to your mortgage reduce the principal immediately — cutting every future interest calculation. Apply to your floating portion or right after a fixed term ends to avoid break fees.
Real example: A single $30,000 lump sum on a $500,000 loan can save over $122,000 in interest and cut 3 years off the term.
When your fixed rate term ends and rates have dropped, it's tempting to bank the savings by reducing your payment. Don't. Keep paying the same amount — the extra goes straight to principal.
Real example: Keeping the same payment after refixing from 7% to 6% on a $500,000 loan saves $190,000 and finishes the loan 4 years early.
Fixed rates give payment certainty and protection if rates rise, but typically limit penalty-free overpayments to 5–20% per year. Floating rates move with the market and allow unlimited extra payments. Most borrowers split — fixing 70–80% for certainty while keeping 20–30% floating for flexibility.
An offset loan links your savings and everyday accounts to your mortgage. Interest is only charged on the difference. Keep $20,000 across your accounts on a $400,000 mortgage and you only pay interest on $380,000 — every day.
Real example: $50,000 in offset savings on a $500,000 loan at 6% saves around $3,000 per year in interest — and that compounds over time.
Examples are indicative and based on a standard table mortgage. Your actual savings will depend on your loan balance, rate, and term. Talk to our team for a personalised strategy.
