Lump Sum Calculator
Will additional lump sum payments save
money on my home loan?
Did you know that additional lump sum repayments are a great strategy to help you save on interest and take months or even years off your home loan?
Whether it’s a tax refund, bonus or inheritance, applying a lump sum payment to your home loan can help you realise your dream of home ownership sooner.
To find out how much you could save in the long term, simply enter the lump sum amount and the year it would apply. The greater the lump sum payment and the sooner it’s applied, the more interest and time you could shave off of your loan.
FAQ
How much can you potentially save by increasing your repayments? Boosting your repayments and putting extra funds into your mortgage can produce big savings. Find out how much you could benefit by putting spare cash, lump sum payments and additional income into your home loan.
How does putting additional money into your home loan affect your repayments? Could boosting your repayments generate big savings for you over the life of your home loan. Making additional payments to your home loan means repaying the principal amount faster and could save you thousands of dollars.
Other Calculators
Mortgage Calculator : Calculate what your mortgage repayments will be and how they would fit into your budget by using our Mortgage Calculator
Stamp Duty Calculator : Calculate what your upfront or transfer costs are when buying property by using our Stamp Duty Calculator
Borrowing Power Calculator : Calculate the maximum loan amount you can borrow based on your income and expenses by using our How much can I borrow calculator
Home Loan Comparison Calculator : Calculate your home loan repayment options based on fixed vs variable home loan rates by using our Home Loan Comparison Calculator
Mortgage Extra Repayment Calculator : Calculate how quickly extra repayments can help pay off your home loan by using our Mortgage Extra Repayment Calculator
Lump Sum Repayment Calculator : Calculate how much lump sum payments on your mortgage can help you save by using our Lump Sum Repayment Calculator
Refinance Calculator : Calculate how much switching your home loan can help you save by using our Refinance Calculator
Split Loan Calculator : Calculate the benefits of having a split loan and experiment different split loan scenarios by using our Split Loan Calculator
Principal and Interest Calculator : Calculate the benefits of making principal payments off your mortgage by using our Principal and Interest Calculator
How Much Can I Borrow Calculator : Calculate your affordability based on the property location by using our How Much Can I Borrow Calculator
Savings Calculator : Calculate how much interest your savings account can help you earn by using our Savings Calculator
Budget Planner : Calculate your income and expenditure targets to help you reach your savings goals by using our Budget Planner
Term Deposit Calculator : Calculate how much interest your term deposit can help you earn by using our Term Deposit Calculator
Income Tax Calculator : Calculate how much income tax you would potentially pay based on your current income and how it compares to the previous year by using our Income Tax Calculator
Credit Card Calculator : Calculate how long it will take to pay off your credit card by using our Credit Card Calculator
Personal Loan Repayment Calculator : Calculate how much your repayments would be based on the personal loan amount you’re looking to borrow by using our Personal Loan Repayment Calculator
Business Financial Summary Calculator : Calculate your business’s financial summary based on setup and running business costs by using our Business Financial Summary Calculator
Margin Lending Calculator : Calculate geared vs ungeared portfolio costs and returns by using our Margin Lending Calculator