Extra Repayments Calculator

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 the button to calculate the monthly repayments based on your original term. Then, enter how much extra you think you can pay per month (eg: if your monthly repayments are $600 and you think you can afford to pay $800 then enter 200 in the extra payments field)
	Monthly Payments	$
	Extra Payments per month	$
Step Three: Click the Calculate New Term button to find out how long your loan will take to pay off based on your regular extra payments and how much interest you will save.
Result: Your new loan term is years and you will save $ in interest.

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Please note: this repayment does not include the monthly administration fee