MFAA Member · ACL # 389328

Loan repayment calculator

See your estimated repayments, total interest and the time it takes to pay off your loan. Adjust the sliders to compare scenarios in real time.

Your loan details

$600,000
6.20%
30 years

Adjust the sliders to model your scenario. Want a precise quote with real lender rates? Book a free consultation.

Your estimated repayments

$3,672
per month
Loan amount $600,000
Total interest paid $721,920
Total amount repaid $1,321,920

This calculator provides estimates only based on the inputs above and assumes a constant interest rate. Actual repayments will vary depending on your lender's product, fees, comparison rate and changes to interest rates over time.

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Smart strategies

Ways to pay your loan off sooner

Small changes can save you tens of thousands - here's how.

Switch to fortnightly

Paying half your monthly amount every fortnight effectively makes 13 monthly repayments per year - shaving years off your loan.

Use an offset account

Every dollar in an offset account reduces the interest you pay - keep your savings and salary working harder for you.

Refinance every 2-3 years

Lender pricing changes constantly. Reviewing your loan regularly can shave 0.5-1.5% p.a. off your rate - thousands in savings.

Make extra repayments

Even an extra $50/week on a 30-year loan can knock years off the term - and you can usually redraw it later if you need it.

Want better than estimates?

Let's compare real lender rates - free.

We'll review your situation, run real serviceability across our panel of 40+ lenders and recommend a structure tailored to your goals.