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Extra Repayment Calculator
See how extra repayments can help you pay off your mortgage faster and save thousands in interest. Even small extra payments make a big difference over time.
Your Loan Details
$50,000$2,000,000
2%10%
1 year30 years
Extra Repayments
$50$2,000
$
Your Savings with Extra Repayments
Time Saved
4 years, 8 months
Interest Saved
$117,720
Original loan term30 years
New loan term25 years, 4 months
Mortgage-free byJuly 2051
Interest Comparison
Without extra payments$637,722
With extra payments$520,003
Tips to Pay Off Faster
- Switch to fortnightly payments (26 half-payments = 13 monthly payments/year)
- Round up your payments to the nearest $100
- Use an offset account to reduce interest daily
- Put tax refunds and bonuses towards your mortgage
But Wait... Is Your Rate Too High?
Extra payments help, but if you're paying above-market rates, you could save even more by refinancing. A 0.5% rate reduction on a $500k loan saves ~$2,500/year in interest.
J2C compares 30+ lenders to find you a better rate—for free.
Get a Free Rate CheckThis calculator provides estimates only. Results assume consistent extra payments and don't account for fees or rate changes. Contact J2C for personalized advice.