Redraw

We assume you do not redraw any amount.

Interest rate

We assume the interest rate does not change.

Additional repayments

This calculator assumes any lump sum payments are made on the anniversary of your loan settlement date.

We assume the additional contributions are made at the same time and frequency as your regular repayment.

Length of month

All months are assumed to be of equal length. Actual amount of interest charged may vary depending on the number of days in each month.

Number of weeks and fortnights in a year

One year is assumed to be 52 weeks or 26 fortnights, meaning that for the purpose of the calculator a year has 364 days not 365 or 366.

Rounding of repayment amount

Repayment amounts are rounded to the nearest cent. However, the unrounded repayment amount may be used to ascertain the amount of interest payable at the yearly points within the graph and over the term of the loan. The final repayment may be a partial repayment, to reflect a loan balance of zero.

Amount of time saved

The time saved is shown in years and months, regardless of payment frequency and is rounded down.

Amount of Interest Saved

The amount of interest saved is not rounded. This amount is estimated from the amount of time saved.

Withdrawals

We assume you do not withdraw any amount.

Interest rate

We assume the interest rate does not change.

Additional repayments

We assume the additional contributions are made at the same time and frequency as your regular repayment.

Length of month

All months are assumed to be of equal length. Actual amount of interest charged may vary depending on the number of days in each month.

Number of weeks and fortnights in a year

One year is assumed to be 52 weeks or 26 fortnights, meaning that for the purpose of the calculator a year has 364 days not 365 or 366.

Rounding of repayment amount

Repayment amounts are rounded to the nearest cent. However, the unrounded repayment amount may be used to ascertain the amount of interest payable at the yearly points within the graph and over the term of the loan. The final repayment may be a partial repayment, to reflect a loan balance of zero.

Amount of time saved

The time saved is shown in years and months, regardless of payment frequency and is rounded down.

Amount of Interest Saved

The amount of interest saved is not rounded. This amount is estimated from the amount of time saved.

Interest rate and property value

We assume interest rate does not change, the property value is accurate and does not decrease.

Length of month

All months are assumed to be of equal length. In reality, many loans accrue on a daily basis leading to a varying number of days' interest dependent on the number of days in the particular month.

Number of weeks & fortnights in a year

One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366.

Rounding of amount of each repayment

In practice, repayments are rounded to at least the nearer cent. However the calculator uses the unrounded repayment to derive the amount of interest payable at points along the graph and in total over the full term of the loan. This assumption allows for a smooth graph and equal repayment amounts. Note that the final repayment after the increase in repayment amount will be a partial repayment as required to reduce the loan balance to zero.

Duty exemptions and concessions may be available that haven’t been taken into account in this estimate. For full conditions and eligibility requirements, please speak to your legal representative, or visit your local State / Territory Revenue Office website:

• ACT: https://www.revenue.act.gov.au/
• NSW: https://www.revenue.nsw.gov.au/
• QLD: https://www.treasury.qld.gov.au/
• SA: https://www.revenuesa.sa.gov.au
• TAS: https://www.sro.tas.gov.au
• VIC: https://www.sro.vic.gov.au
• WA: https://www.finance.wa.gov.au