extra repayment calculator

Home Loan Extra Repayments Calculator

Companion Credit Union

How much quicker could you pay off your loan if you made regular extra repayments?
For instance, if you are a smoker on one pack a day and you quit, you could afford to pay an extra $200 per month off your loan!
With a loan of $100,000 at an interest rate of 6.70%pa*,
that could save you over Ten years off a 25 year loan.
And have a look at how much interest you save.

 

Step One:
Enter your loan amount, the original term of your loan (usually 25 years) and the percentage rate. 		  Loan Amount $
Original Term $ years

Percentage Rate

 

$ %

Step Two:
Click

Then, enter how much extra you think you can pay per month 		   
Monthly Repayments $

Extra Repayments
    per month

 

$

 

Step Three:
Click

 

Result: Your new loan term is years and you will save $ in interest*.

*PLEASE NOTE: The repayments shown on this loan calculator are estimates only, based on the rate remaining constant during the loan and do not indicate approval. Exact repayments will be provided at the time of application which is subject to our normal lending guidelines. Please call 131609 for more information

Page last updated 24th February 2006. © Companion Credit Union.