Calculators
Extra repayments
This calculator gives an indication only, based on the information you enter. It isn’t an offer of finance or financial advice. Lenders apply their own criteria, rates change, and fees may apply. Talk to a Diamond Financials adviser for advice on your situation.
How we work it out
The fine print, in plain English
- Repayments
- Your current repayment is worked out from the balance, rate and years left.
- Extra
- Every extra dollar goes straight off the principal, so less interest is charged from then on.
- Lump sum
- Taken off the balance today, before the next repayment.
- Fixed rates
- Most lenders allow around 5% extra a year on a fixed rate. Beyond that a break fee can apply.
- Rate held
- We assume the rate stays the same for the rest of the term.