Lump sum repayment
See what a one-off payment does to your loan. No upper limits.
Example figures are filled in. Replace them with your own.
Interest saved
$55,216
- Monthly repayment (unchanged)
- $3,681
- New time to repay
- 23 years, 4 months
- Time saved
- 1 year, 8 months
Assumes you keep paying the same monthly amount after the lump sum. Paying a lump sum off a fixed loan can trigger a break cost, so check first.
Everyone's situation is different. These figures are a starting point. An adviser can run a personalised calculation with your real numbers and current lender policies.
Results are estimates for planning, using standard loan maths, and should be used as a guide only. They assume rates stay the same and leave out fees you haven't entered. They are not an offer or approval of finance, and not financial advice.
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Everyone's situation is unique. An adviser can run a personalised calculation with your real figures.