Lump Sum Repayment Calculator
When securing a mortgage, it's important not to just 'set and forget' your loan, you do need to make sure it continues to work for you.
Good mortgage management can help you save both time and money on your home loan. Additional lump sum repayments can significantly reduce the amount of interest you pay on your home loan and the term of your loan.
This home loan repayment calculator lets you calculate the savings benefits of additional lump sum repayments on your home loan. The lump sum loan repayment calculator estimates the time and money you will save on your loan under various lump sum scenarios.
Not all home loans are equal, some will allow you to make lump sum repayments and others may not. And to make things more confusing many mortgages accrue interest on a daily basis making lump sum repayments on your home loan a good way of saving money.
With access to over 1,000 home loan products you can be confident that a Loan Market mortgage broker will help you find a home loan to match your lifestyle and loan strategy.