Free tools

Money Calculators

Work out how fast you can clear your home loan, and what regular investing into an index fund could grow to. Change any number and the results update instantly. Nothing you type leaves your browser.

Your loan is paid off in

–

Minimum monthly repayment: –
Your total per month: –
Final payment around: –
Total interest: –
Interest saved: –
Time saved: –

Loan balance over time

Your plan Minimum repayments only

Year by year

Year	Paid	Interest	Principal	Balance at year end

How this works. Interest is calculated daily on the balance owing (minus any offset) at the annual rate ÷ 365, and added to the loan monthly, which is how most Australian lenders charge home loan interest. The minimum repayment uses the standard monthly principal-and-interest formula over the full term. Extra repayments reduce the balance on the day they're paid. "Minimum repayments only" has no extras, offset or lump sum. The rate is held constant and lender fees aren't included, so your lender's figures may differ slightly. Fixed-rate loans can limit extra repayments or charge break costs.

Starting balance

Regular contribution

Average annual return

% p.a.

Years

yrs

Fees

% p.a.

Raise yearly

Inflation

"Raise yearly" lifts your contribution each year, e.g. 3% to keep pace with wages. Inflation converts the result into today's dollars.

–

You put in: –
Investment growth: –
In today's dollars: –
Share from growth: –

How the balance builds

Money you put in Investment growth In today's dollars

What contributing changes

Year by year

Year	Added that year	Total put in	Growth that year	End balance	Today's $

How this works. Projections assume a steady average return, after fees, compounded at each contribution, with contributions made at the end of each period. Real returns vary a lot from year to year and past performance doesn't guarantee future returns. Tax, brokerage and the timing of distributions aren't modelled. This is a planning tool, not financial advice.