Extra Repayment Calculator

Calculate extra loan repayments

Our extra repayment calculator can help you see how much you can save by making extra repayments on your home loan. You can enter your loan details, the amount and frequency of your extra repayments, and see the impact on your loan term and interest cost.

Calculate the timeline of your extra loan repayments

Adding an extra contribution to your loan repayments can be an effective way to repay your loan faster and pay less interest, however it’s essential that you fully understand how it will affect your financial situation and the repayment timeline.

If you have further questions about your loan repayment and would like to book an appointment with our lending team.

Frequently asked questions

How do I use the Extra Repayment Calculator?

Input your loan amount, interest rate, loan term, and repayment frequency. Then input the extra amount you’d pay each repayment and when the extra amount would start being repaid. The calculator will then update with your projected loan repayment timeline.

How much extra should I be aiming to repay?

This is entirely down to your own personal financial situation, circumstance, goals, and needs. Therefore we cannot recommend any set amount. We can recommend you speak to a DPM lending advisor who can help you fully understand your loan and the repayments involved.

Why can extra repayments be a good idea?

Extra loan repayments, whilst they increase your loan repayments in the short term, ultimately they lead to you paying off your loan quicker and therefore paying less interest overall. However this is not to say it’s the right decision for everyone. We recommend speaking to a specialised lending advisor like we have here at DPM to understand the optimal choices for your individual circumstance.

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Kimsor from DPM was super easy to deal with and provided a very professional service.He answered all of our questions and kept us up to date of the loan application regularly. I would recommend him to anyone looking to organize a home loan.

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DPM have been invaluable for my wife, and i, we've been with them for over a decade, and they've helped us with mortgages, tax-time, and wealth advice.James Court, William Ezzy, and Kimsor Pan have been instrumental in giving us the most informed options through a variety of life changes, from changing jobs, to changing address, and more.They have been professional, friendly, knowledgeable, and overall effective at serving our needs, and is why we recommend them to the people we care about when they need financial help.We couldn't be happier 🙂

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15:05 17 Nov 24

One of DPM's lending consultants Marissa Tzivakis helped me find a loan recently. I'm so very grateful for the work she did. She listened, understood the challenges (and the stress), came up with some great options in lightning quick time, and followed me through until it was sorted out. I really can't recommend her highly enough - not to mention the work of financial advisor Michael Blood and his team who've been looking after me for more than 15 years, and turned up exactly when I needed them

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08:59 17 Nov 24

I had a great experience working with Danha as my lending consultant. Danha is approachable, thorough and quick to respond to any correspondence!

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I highly recommend Danha she provided excellent service throughout the process. I engaged Danha on very short notice and was grateful that she was able to provide me with her services. She clearly articulated to me my options, explained the process and kept me updated. No question was any trouble and she was always happy to explain. My experience has been incredibly smooth and much less stressful thanks to Danha 🙂

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03:38 17 Nov 24

Honestly couldn’t speak more highly of Marissa at DPM, she made the process of obtaining finance for our new home easy and stress free

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01:29 15 Nov 24

If you’re looking for a crew of great humans to help you navigate the complexities of all matters finance and a team you can trust.. look no further. Christian is a top shelf gentleman and his knowledge and passion for his craft are unsurpassed. Wouldn’t go anywhere else 👌

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01:21 15 Nov 24

My partner and I are both medical practitioners and have been customers of DPM for 10 years now. We have used the financial services section on 2 occasions and found their communication to be prompt and clear, financial advice sound (maybe on the conservative side, but this could be considered a positive), and ultimately are very satisfied with our finance outcomes.

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Danha has been holding my hand on each and every step. Highly recommend.

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22:42 31 Oct 24

Very professional, very helpful and secured us a great home loan!

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Excellent service provided by Kimsor Pan and Anthony dickinson in helping us with our tax return and home loan application. The process went very smoothly and we were constantly updated by them throughout the whole process. Would highly recommend their service

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Naomi Li was absolutely fantastic throughout the entire the process.She found us the best home loan that suited our circumstances.We were definitely in unfamiliar territory when it came to this and Naomi was there every step of the way.She was also quick to reply us whenever we had any questions.

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Kimsor is the consummate professional and I would highly recommend him for all of your lending needs!

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Danha Ngo is an outstanding lending consultant who went above and beyond when helping me purchase my first home! I was very hesitant at first to get a lending consultant but Danha was very knowledgable and able to get me the best variable rate on my home loan within such a short period of time. She was very honest, and educated me on reviewing all documents and walking me step by step through the entire process even though I asked 100's of questions. Responded very promptly to emails and phone calls, making my first home purchase very easy and hassle free. If you're looking for an expert in her field who knows how to navigate her way around home loans to get you the best deals and to expedite loans, then I cannot recommend her enough and will be using her again in the future. 10/10 service!

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DPM has provided professional & seamless assistance for us on two services: as a mortgage broker (thank you Danha), and with arranging life & income insurance (thank you Tom R). They've helped prevent us getting bogged-down in paperwork and policy, and have made arranging a home loan & life insurance a breeze. Going further down the line, I'll definitely be planning to use their services again.

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Extra Repayment Calculator

Calculate extra loan repayments

Calculate the timeline of your extra loan repayments

Frequently asked questions

More Loan Calculators

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