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.
