Mortgage Repayment Calculators
Estimate Repayments and Maximise Savings with our Mortgage Repayment Calculators
Navigating your mortgage options can be complex, but with the right tools at your disposal, you can uncover savings and make informed decisions with confidence.
Our user-friendly mortgage repayment calculators are designed to help you do just that.
You can gain a comprehensive view of your mortgage options by using the extra repayment calculator and the loan term calculator.
Remember, while these calculators provide valuable insights, they are tools to guide your planning. They don’t consider any early repayment charges or extra fees on your loan.
For personalised advice tailored to your unique circumstances, consult with one of our mortgage professionals at OneStop Financial Solutions. We can help you navigate the complexities of home financing and find the best home loan for your needs.
Extra Repayment Calculator – How Much Could You Save?
1. Enter Your Loan Details: Start by inputting the total loan amount, the loan term in years, and the current interest rate.
2. Adjust the Payment Frequency: Choose how often you’d like to make payments—monthly, fortnightly, or weekly—and see how this affects your repayment amount.
3. Add in an Extra Repayment Amount: Have fun with this! Something as small as $5 per week could save you tens of thousands of dollars over the life of your loan.
3. Analyse the Results: The calculator will display your increased repayment amounts, the time saved on your mortgage and total interest saved. It all adds up!
Now that you know how to use these calculators effectively, take the first step towards smarter mortgage management and start calculating today!
Weekly Loan Repayment Calculator
How to Estimate Weekly Loan Repayments:
1. Input Loan Amount and Repayments: Enter the amount you’re borrowing.
2. Set the Interest Rate: Type in the interest rate to see how it influences the repayment amount.
3. Choose the term of your loan.
4. View the Results: The calculator will show you the estimated weekly repayments, interest and total estimated cost of the loan.
Tips for Maximising Savings:
- Increase Repayments or Shorten Loan terms: Find out how increasing your regular payments can shorten the loan term and reduce the total interest paid. Something as simple as $20 per week could save you tens of thousands of dollars over the life of your loan.
- Assess Different Rates: Play with various interest rates to understand the potential impact on your loan’s duration.
- Plan for the Future: Use the calculator to plan for any expected changes in your income or expenses that might allow you to adjust your payments.
- Adjust for Windfalls: If you anticipate receiving a lump sum, such as a bonus or inheritance, calculate how applying this to your mortgage could shorten the loan term and decrease the interest paid.
- Regularly Review Your Mortgage: Keep your financial strategy on the most cost-effective path. As your financial situation changes, use the loan term calculator to reassess your mortgage and ensure you’re still on track.
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Consider Refinancing: Recalculate how much you could save by refinancing your mortgage.
